1341-1343 E 7TH Street Erie, PA 16503
MULTI_FAMILY - Erie, PA
Property Features for 1341-1343 E 7TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2
- Standard status
- Active
- APN
- 14-011-001.0-108.00
- Size
- 1,981 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2127
- Expense value
- 3000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2004
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
Listing agent Dan Cruz License #RS357852 (814) 460-0742
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Jul 7, 2026
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The asset is zoned for residential use and is located in Erie, Pennsylvania (postal code 16503). The total lot size is listed as 0.33 acres, with a property size of 1,981 square feet.
For tenants or owners seeking a small, self-contained rental setup, the unit configuration may be attractive because it combines a mobile home and an additional apartment above a garage on the same grounds. This can be a workable fit for buyers looking to add to a portfolio in a multi-property package, and it may also be relevant for investors reviewing the associated MLS listings: 191853, 191854, 191855, 191856, and 191857.
Key Highlights
- Two parcels on one lot, including one mobile home and one apartment above a garage
- Income‑producing property as part of a 5‑property package (MLS # 191853–191857)
- Year built 2004 with frame construction
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $11.64 |
| − Vacancy | −$922 | −$0.47 |
| EGI | $22.1k | $11.17 |
| − OpEx | −$10.0k | −$5.03 |
| NOI | $12.2k | $6.15 |
