Residential Income
181 ROBISON Road W Erie, PA 16509
181 ROBISON Road W, Erie, PA, 16509
$129,900
For Sale
$129,900
MULTI_FAMILY - Other - Erie, PA
Property Size1,824 SF
Lot Size1.04 Acres
Price / SF$71.22
Days on Market17
Property Features for 181 ROBISON Road W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 40-014-086.0-006.00
- Size
- 1,824 SF
- Lot size
- 1.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2692
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
eXp Realty - Meadville
(888) 397-7352
965 S Main St, Pittsburgh, PA
Listed by
Caleb Kowalczyk · License #RS364924
(814) 873-7793
Added: Jul 1 Checked: Jul 17 at 10:06 pm
MLS# 191821
Listing URL
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.
This residential income property includes an original structure with hardwood floors in the bedroom and family room, and offers the layout flexibility to convert space into an additional bedroom. The home features a large 21x21 living room with a wood-burning fireplace and direct access to a deck overlooking a private backyard. A primary bedroom with walkout access and a half bath is also included. Updates and repairs are needed throughout, and the property includes a shed and a small stream on the west side.
The property is located in Erie County near major routes including I-90 and I-79, with shopping and dining options on nearby Peach Street, as well as Perry Highway and other area access.
The listing is for a cash-only sale, and the property is offered as an investor special requiring work to reach its full potential.
The property is located in Erie County near major routes including I-90 and I-79, with shopping and dining options on nearby Peach Street, as well as Perry Highway and other area access.
The listing is for a cash-only sale, and the property is offered as an investor special requiring work to reach its full potential.
Key Highlights
- Set on over 1 acre with a private backyard and a small stream on the west side of the property
- Original structure offers hardwood floors in the bedroom and family room with potential to convert into a third bedroom
- Massive 21x21 living room with a wood‑burning fireplace and access to the deck
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 | $21.2k | $11.64 |
| − Vacancy | −$849 | −$0.47 |
| EGI | $20.4k | $11.17 |
| − OpEx | −$9.2k | −$5.03 |
| NOI | $11.2k | $6.15 |
1,824 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$160.1K
$140.1K – $186.8K
NOI $11,210 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.5K
$396.0K – $527.9K
NOI $31,676 @ 7.0% cap · market cap 24.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Residential income property on a 1+ acre lot with a wood-burning fireplace, deck access, and a roofed shed.
Where is this single family property located?
The property is located at 181 ROBISON Road W Erie, PA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Set on over 1 acre with a private backyard and a small stream on the west side of the property; Original structure offers hardwood floors in the bedroom and family room with potential to convert into a third bedroom; Massive 21x21 living room with a wood‑burning fireplace and access to the deck
