Two-Unit Duplex with Separate
For Sale
$124,900
Pending
1809 MYRTLE Street, Erie, PA 16502
ResidentialIncome, Erie, PA
Property Size1,842 SF
Lot Size0.05 Acres
Days on Market57
Property Features for 1809 MYRTLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RLB
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1
Lot features
Flat
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
From W 18th St, turn south onto Myrtle St, house on east side of road.
Subdivision
2 - Erie Northwest
Standard status
Pending
APN
19-060-005.0-222.00
Size
1,842 SF
Lot size
0.05 Acres
Additional Details
Individually Metered Utilities
electric, gas, water
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2094
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
basement laundry hookups
Building Details
Year built
1903
Number of units
2
Building materials
Stone, VinylSiding
Roof type
Composition, Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Bear Desanctis · License #RS359252
(814) 480-9015
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 193022
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.
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Investment Insights
Based on property information with market context.
This 1,842-square-foot duplex, built in 1903, contains two separate apartments. The first-floor unit at 1809 Myrtle includes three bedrooms and one full bathroom, while the second-floor unit at 1807 Myrtle offers two bedrooms and one full bathroom. Both apartments are vacant and have access to basement laundry hookups.
Recent work includes a partial roof replacement in 2026, vinyl siding installed in 2025, updated plumbing, and fresh interior paint. Separate electric, gas, and water meters serve each unit, allowing utilities to be assigned independently. The property has forced-air natural gas heat, central air, public water, and public sewer. Stone and vinyl siding contribute to the building’s exterior construction.
Recent work includes a partial roof replacement in 2026, vinyl siding installed in 2025, updated plumbing, and fresh interior paint. Separate electric, gas, and water meters serve each unit, allowing utilities to be assigned independently. The property has forced-air natural gas heat, central air, public water, and public sewer. Stone and vinyl siding contribute to the building’s exterior construction.
Key Highlights
- Two apartments totaling 1,842 square feet
- First‑floor 3‑bedroom, 1‑bath unit and second‑floor 2‑bedroom, 1‑bath unit
- Separate electric, gas, and water meters for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,321
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,420
$226.4K
Cap Rate 7%
$161,729
$161.7K
Cap Rate 9%
$125,789
$125.8K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$21.4K $11.64/SF
− Vacancy
−$858 −$0.47/SF
EGI
$20.6K $11.17/SF
− OpEx
−$9.3K −$5.03/SF
NOI
$11.3K $6.15/SF
Area
Erie County, PA
Vacancy
4.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,420
Cap Rate 7%
$161,729
Cap Rate 9%
$125,789
Alternative Uses
Best Use
Multifamily LT 5
$180.7K
$158.2K – $210.9K
NOI $12,652 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$161.7K
$141.5K – $188.7K
NOI $11,321 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$457.0K
$399.9K – $533.2K
NOI $31,989 @ 7.0% cap · market cap 25.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,622
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
Frequently Asked Questions
What type of property is this?
Duplex - Vacant residential income property with two apartments, basement laundry hookups, and recent exterior and interior improvements.
Where is this duplex located?
The property is located at 1809 MYRTLE Street Erie, PA.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Two apartments totaling 1,842 square feet; First‑floor 3‑bedroom, 1‑bath unit and second‑floor 2‑bedroom, 1‑bath unit; Separate electric, gas, and water meters for each apartment
