11-Unit Apartment
For Sale
Contact for pricing
Pending
5940 East Lake Rd, Erie, PA 16511
Unit mix includes efficiencies and one-bedroom apartments, with shared laundry and a garage.
Property SizeContact for details
Days on Market146
Property Features for 5940 East Lake Rd
General Information
Standard status
Pending
Property subtype
Multifamily, Land
Property Condition
Severity
Major Repairs Needed
Evidence
taken down to bare walls
Units
Unit Mix
2 x 1BR, 8 x efficiency
Multifamily Units
11
Additional Details
Road Access
Yes
Amenities
garage
common laundry area
Listing Agency:
Coldwell Banker Commercial Select, REALTORS Erie
Listed By:
CATHERINE FOX · License #PA
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 1 at 9:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Select, REALTORS Erie
Investment Insights
Based on property information with market context.
This multifamily property includes 11 total units consisting of 2 one-bedroom apartments and 8 efficiencies, along with a garage and common laundry area. A house on the property is currently taken down to bare walls and has been identified as having potential for conversion to 3 units.
The property is situated on East Lake Road between Irvine Drive and Troupe Road in Erie, Pennsylvania. The occupancy includes long-term tenants, and the property has an established rental history.
The property is situated on East Lake Road between Irvine Drive and Troupe Road in Erie, Pennsylvania. The occupancy includes long-term tenants, and the property has an established rental history.
Key Highlights
- 11 units total, including 2 one‑bedroom apartments and 8 efficiencies
- House on property is taken down to bare walls and has potential to become 3 units
- Garage and common laundry area included
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 16511, PA
11,347
Population
4,861
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
1,533
Density / Sq Mi
$71,644
Median Household Income
$41,998
Median Earnings
$871
Median Rent
$162,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes efficiencies and one-bedroom apartments, with shared laundry and a garage.
Where is this apartment building located?
The property is located at 5940 East Lake Rd Erie, PA.
What are key features of this property?
This property features: 11 units total, including 2 one‑bedroom apartments and 8 efficiencies; House on property is taken down to bare walls and has potential to become 3 units; Garage and common laundry area included
