3-Unit Triplex with Separate
New
For Sale
$324,900
2136 LAKE Street, Lake City, PA 16423
ResidentialIncome, Lake City Boro, PA
Property Size2,912 SF
Lot Size0.34 Acres
Price / SF$111.57
Days on Market2
Property Features for 2136 LAKE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
C-1
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6
Parking
25
Parking features
Garage
Lot features
Flat
Elementary school district
Girard
Middle school district
Girard
High school district
Girard
Directions
West on Main Street Rd in Girard North on Rice Avenue, South on Lake St house on right
Subdivision
9 - Girard/Lake City
Standard status
Active
APN
28-014-030.0-015.00
Size
2,912 SF
Lot size
0.34 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4793
Expense value
3000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
on-site parking lot
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
AluminumSiding, VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Courtney Sias · License #RS354309
(814) 746-0082
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 8:06PM
MLS# 193903
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 triplex contains three residential units across 2,912 square feet on a 0.34-acre parcel. Each unit has its own entrance. The property was built in 1900 and has aluminum and vinyl siding, forced-air natural gas heat, an asphalt roof, and public water and sewer service.
Located at 2136 Lake Street in Lake City Borough, the property is currently fully occupied, with new leases signed for all three units. Tenants pay utilities and insurance.
Located at 2136 Lake Street in Lake City Borough, the property is currently fully occupied, with new leases signed for all three units. Tenants pay utilities and insurance.
Key Highlights
- Three residential units totaling 2,912 square feet
- All units occupied, with new leases signed
- Separate entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,002
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,040
$400.0K
Cap Rate 7%
$285,743
$285.7K
Cap Rate 9%
$222,244
$222.2K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$29.7K $10.20/SF
− Vacancy
−$1.1K −$0.39/SF
EGI
$28.6K $9.81/SF
− OpEx
−$8.6K −$2.94/SF
NOI
$20.0K $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%
$400,040
Cap Rate 7%
$285,743
Cap Rate 9%
$222,244
Alternative Uses
Best Use
Multifamily LT 5
$285.7K
$250.0K – $333.4K
NOI $20,002 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$255.7K
$223.7K – $298.3K
NOI $17,897 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$722.4K
$632.1K – $842.9K
NOI $50,571 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 16423, PA
4,122
Population
1,836
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
9.2 sq mi
ZIP Area
448
Density / Sq Mi
$73,523
Median Household Income
$48,262
Median Earnings
$806
Median Rent
$157,800
Median Home Value
Check the figures for this property
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?
Triplex - All three units are occupied under signed leases, with tenants responsible for utilities and insurance.
Where is this triplex located?
The property is located at 2136 LAKE Street Lake City, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Three residential units totaling 2,912 square feet; All units occupied, with new leases signed; Separate entrance for each unit
