Two-Unit Duplex with
New
For Sale
$280,000
2103 STATION Road, Erie, PA 16510
ResidentialIncome, Erie, PA
Property Size1,637 SF
Lot Size0.22 Acres
Price / SF$171.04
Days on Market2
Property Features for 2103 STATION Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage
Lot features
Corner Lot, Level
Elementary school district
Iroquois
Middle school district
Iroquois
High school district
Iroquois
Directions
East on Buffalo Rd. to Station Rd. In Wesleyville. Station to Fremont.
Subdivision
15 - Harborcrk/Wesleyvill/Law Pk
Standard status
Active
APN
50-002-038.0-001.00
Size
1,637 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3559
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Peach · Coldwell Banker Real Estate
(814) 453-4578
Listed By:
Julie Abele · License #RS321328
(814) 323-4709
Added: Oct 6
Last Checked: Oct 7 at 1:06PM
MLS# 193590
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 duplex contains two units within 1,637 square feet, on a 0.22-acre lot. Built in 1920, the property has vinyl siding, composition roofing, and a garage. Heating is forced air with natural gas, and the home has public water and public sewer. Windows, the roof, and furnaces have been updated.
The property is in Erie, 2.3 miles from Penn State Behrend, 4.2 miles from Mercyhurst University, and 4.6 miles from Gannon University. A one-year home warranty is included.
The property is in Erie, 2.3 miles from Penn State Behrend, 4.2 miles from Mercyhurst University, and 4.6 miles from Gannon University. A one-year home warranty is included.
Key Highlights
- Two‑unit duplex with 1,637 square feet of building area
- 0.22‑acre lot with garage parking
- Windows, roof, and furnaces have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,244
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,880
$224.9K
Cap Rate 7%
$160,629
$160.6K
Cap Rate 9%
$124,933
$124.9K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$16.7K $10.20/SF
− Vacancy
−$635 −$0.39/SF
EGI
$16.1K $9.81/SF
− OpEx
−$4.8K −$2.94/SF
NOI
$11.2K $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%
$224,880
Cap Rate 7%
$160,629
Cap Rate 9%
$124,933
Alternative Uses
Best Use
Multifamily LT 5
$160.6K
$140.6K – $187.4K
NOI $11,244 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$143.7K
$125.8K – $167.7K
NOI $10,061 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,429 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
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 - Recent updates include windows, roofing, and furnaces, with forced-air natural gas heat.
Where is this duplex located?
The property is located at 2103 STATION Road Erie, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,637 square feet of building area; 0.22‑acre lot with garage parking; Windows, roof, and furnaces have been updated
