Duplex with Detached
For Sale
$139,000
145 E 21st St, Erie, PA 16502
Two separate units feature updated kitchens and baths, with a detached garage and rear deck.
Property Size1,848 SF
Price / SF$75.22
Days on Market13
Property Features for 145 E 21st St
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$777
Amenities
rear deck
second-floor laundry
Building Details
Tenancy
Single
Listing Agency:
NashDom Realty, LLC
(888) 520-1707
Listed By:
Olga Antipovitch
(814) 440-7411
Source:
Exprealty
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 6 at 2:24AM
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 NashDom Realty, LLC
Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex has two units, each with an updated kitchen and bathroom, separate front and rear entrances, and a stove, refrigerator, and dishwasher. The property has replacement windows, siding, a roof, electrical updates, water heaters, and a second-floor furnace. A bonus room off the first-floor kitchen offers flexible space; the second-floor unit has its own laundry with washer and dryer. A rear deck and detached two-car garage provide additional amenities, with garage access from the alley.
The first-floor unit is occupied under a one-year lease. The second-floor unit is vacant by choice. Water, sewer, and garbage are included; gas and electric are separately metered and paid by tenants.
The first-floor unit is occupied under a one-year lease. The second-floor unit is vacant by choice. Water, sewer, and garbage are included; gas and electric are separately metered and paid by tenants.
Key Highlights
- 1,848‑square‑foot duplex with two units
- Updated kitchens and bathrooms in both units
- Separate front and rear entrances for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,693
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,860
$253.9K
Cap Rate 7%
$181,329
$181.3K
Cap Rate 9%
$141,033
$141.0K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$18.8K $10.20/SF
− Vacancy
−$716 −$0.39/SF
EGI
$18.1K $9.81/SF
− OpEx
−$5.4K −$2.94/SF
NOI
$12.7K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,860
Cap Rate 7%
$181,329
Cap Rate 9%
$141,033
Alternative Uses
Best Use
Multifamily LT 5
$181.3K
$158.7K – $211.6K
NOI $12,693 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,358 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,093 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 16502, PA
15,435
Population
7,811
Households
2
Avg Household Size
34
Median Age
18%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,174
Density / Sq Mi
$34,649
Median Household Income
$27,342
Median Earnings
$831
Median Rent
$90,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units feature updated kitchens and baths, with a detached garage and rear deck.
Where is this duplex located?
The property is located at 145 E 21st St Erie, PA.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 1,848‑square‑foot duplex with two units; Updated kitchens and bathrooms in both units; Separate front and rear entrances for each unit
