Brick Duplex with Rear
New
For Sale
$259,900
1925 W 8TH Street, Erie, PA 16505
ResidentialIncome, Erie, PA
Property Size1,552 SF
Lot Size0.15 Acres
Price / SF$167.46
Days on Market2
Property Features for 1925 W 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RLB
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Lot features
Level
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
Pittsburgh Avenue to West 8th Street, then east on West 8th Street to 1925 W. 8th Street. Property is on West 8th Street.
Subdivision
2 - Erie Northwest
Standard status
Active
APN
16-031-013.0-310.00
Size
1,552 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2553
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
carport
deck
central A/C
Building Details
Year built
1923
Number of units
2
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Nicholas Marinelli · License #AB062182L
(814) 806-6300
Added: Oct 17
Changed: Oct 18
Last Checked: Oct 18 at 9:06AM
MLS# 193824
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 1,552-square-foot brick duplex property sits on an approximately 40-by-160-foot lot. The second floor has updated flooring, light fixtures, and kitchen cabinets, while the main floor includes a new kitchen. The layout offers potential for two units or an owner-occupant arrangement. An 802-square-foot basement, gas forced-air heat, central air conditioning, public water and sewer, and included furniture are also part of the property. The roof was replaced in 2024, and updates also include plumbing, water lines, electrical, a furnace, a hot water tank, and upper-floor windows.
At the rear, a 40-by-60-foot parking area is complemented by a new driveway and paved carport. The property also has an elevated deck measuring approximately 15 by 27 feet, with privacy fencing. RLB zoning is identified as Residential Limited Business; permitted uses should be verified with the City of Erie.
At the rear, a 40-by-60-foot parking area is complemented by a new driveway and paved carport. The property also has an elevated deck measuring approximately 15 by 27 feet, with privacy fencing. RLB zoning is identified as Residential Limited Business; permitted uses should be verified with the City of Erie.
Key Highlights
- Brick property with 1,552 square feet and potential for two units
- RLB (Residential Limited Business) zoning; verify permitted use with the City of Erie
- Approx. 40' x 160' lot with 40' x 60' rear parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,660
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,200
$213.2K
Cap Rate 7%
$152,286
$152.3K
Cap Rate 9%
$118,444
$118.4K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$15.8K $10.20/SF
− Vacancy
−$602 −$0.39/SF
EGI
$15.2K $9.81/SF
− OpEx
−$4.6K −$2.94/SF
NOI
$10.7K $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%
$213,200
Cap Rate 7%
$152,286
Cap Rate 9%
$118,444
Alternative Uses
Best Use
Multifamily LT 5
$152.3K
$133.3K – $177.7K
NOI $10,660 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$136.3K
$119.2K – $159.0K
NOI $9,538 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$385.0K
$336.9K – $449.2K
NOI $26,953 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
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 - RLB zoning supports residential and limited business use, subject to verification with the City of Erie.
Where is this duplex located?
The property is located at 1925 W 8TH Street Erie, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Brick property with 1,552 square feet and potential for two units; RLB (Residential Limited Business) zoning; verify permitted use with the City of Erie; Approx. 40' x 160' lot with 40' x 60' rear parking area
