Updated
New
For Sale
$290,000
2113 STATION Road, Erie, PA 16510
ResidentialIncome, Erie, PA
Property Size1,981 SF
Lot Size0.25 Acres
Price / SF$146.39
Days on Market2
Property Features for 2113 STATION Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
Parking
3
Lot features
Level, Mineral Rights
Elementary school district
Iroquois
Middle school district
Iroquois
High school district
Iroquois
Directions
I-90 to Wesleyville exit to Right on Station Rd to 2113 Station Rd.
Subdivision
15 - Harborcrk/Wesleyvill/Law Pk
Standard status
Active
APN
50-002-038.0-007.00
Size
1,981 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3739
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
Number of units
2
Building materials
VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Edinboro · Coldwell Banker Real Estate
(814) 734-1144
Listed By:
Mark Hutchison · License #RS120117A
(814) 450-3389
Added: Oct 30
Last Checked: Oct 31 at 1:06AM
MLS# 194041
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 1,981-square-foot duplex contains two units, each with three bedrooms and one bathroom. Updates include wiring and electrical panels, kitchens remodeled in 2010, siding and a roof replaced in 2014, windows installed in 2019, and bathroom renovations completed in 2021 and 2023. The 1920-built property has vinyl siding, a composition roof, forced-air natural gas heat, public water, and public sewer service.
The property is in Erie, with access to Bayfront Highway and I-90 and located not far from Behrend University. The parcel measures 0.2531 acres.
The property is in Erie, with access to Bayfront Highway and I-90 and located not far from Behrend University. The parcel measures 0.2531 acres.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,981 square feet on a 0.2531‑acre lot
- Kitchen updates completed in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,607
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,140
$272.1K
Cap Rate 7%
$194,386
$194.4K
Cap Rate 9%
$151,189
$151.2K
Market Conditions
NOI Build-Up for 1,981 SF
Gross rent
$20.2K $10.20/SF
− Vacancy
−$768 −$0.39/SF
EGI
$19.4K $9.81/SF
− OpEx
−$5.8K −$2.94/SF
NOI
$13.6K $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%
$272,140
Cap Rate 7%
$194,386
Cap Rate 9%
$151,189
Alternative Uses
Best Use
Multifamily LT 5
$194.4K
$170.1K – $226.8K
NOI $13,607 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,175 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$491.5K
$430.0K – $573.4K
NOI $34,403 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature refreshed kitchens and bathrooms, with public water and sewer service.
Where is this duplex located?
The property is located at 2113 STATION Road Erie, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,981 square feet on a 0.2531‑acre lot; Kitchen updates completed in 2010
