Duplex with Detached
For Sale
$175,000
233 WATERFORD Street, Edinboro, PA 16412
ResidentialIncome, Edinboro, PA
Property Size2,048 SF
Lot Size0.78 Acres
Price / SF$85.45
Days on Market48
Property Features for 233 WATERFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Garage
Lot features
Corner Lot, Landscaped
Elementary school district
General McLane
Middle school district
General McLane
High school district
General McLane
Directions
ROUTE 6N EAST FROM ROUTE 99. ACROSS FROM POST OFFICE. ON THE CORNER OF WATERFORD ST & SHELHAMER DRIVE. NO FHA/VA FINANCING.
Subdivision
11 - Edin/Frkln Twp/Mckean Twp & Boro/Wash Twp
Standard status
Active
APN
11-009-032.0-042.00
Size
2,048 SF
Lot size
0.78 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2708
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
AluminumSiding
Roof type
Metal, Composition
Architectural style
Other
Listing Agency:
Marsha Marsh RES Peach
(814) 866-8840
Listed By:
Dawn Nesbitt · License #RS226949L
(814) 882-0647
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
MLS# 193206
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 two-unit residential property contains 2,048 square feet on a 0.78-acre parcel. The building includes two full bathrooms, kitchens, living areas, and an enclosed front porch with mud room. Each unit has its own forced-air furnace and hot water tank, while the property is served by public water and public sewer. Aluminum siding, metal and composition roofing, and natural-gas heating are among the existing building features. Constructed in 1900, the property is being offered in as-is condition and requires updates. A detached two-car garage is also included and needs updating.
The property is located across from the post office in Edinboro, Pennsylvania. The owner currently pays for water, sewer, trash, electric, and gas. Long-term tenants are in place, according to the property information.
The property is located across from the post office in Edinboro, Pennsylvania. The owner currently pays for water, sewer, trash, electric, and gas. Long-term tenants are in place, according to the property information.
Key Highlights
- Two‑unit property totaling 2,048 square feet
- 0.78‑acre parcel in Edinboro, PA
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,067
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,340
$281.3K
Cap Rate 7%
$200,957
$201.0K
Cap Rate 9%
$156,300
$156.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$20.9K $10.20/SF
− Vacancy
−$794 −$0.39/SF
EGI
$20.1K $9.81/SF
− OpEx
−$6.0K −$2.94/SF
NOI
$14.1K $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%
$281,340
Cap Rate 7%
$200,957
Cap Rate 9%
$156,300
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.8K – $234.5K
NOI $14,067 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$179.8K
$157.3K – $209.8K
NOI $12,587 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$508.1K
$444.6K – $592.8K
NOI $35,566 @ 7.0% cap · market cap 20.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 16412, PA
9,292
Population
4,806
Households
1.9
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
80.7 sq mi
ZIP Area
115
Density / Sq Mi
$67,659
Median Household Income
$34,061
Median Earnings
$883
Median Rent
$221,900
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-unit property with separate heating and hot water systems, public utilities, and an enclosed front porch.
Where is this duplex located?
The property is located at 233 WATERFORD Street Edinboro, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,048 square feet; 0.78‑acre parcel in Edinboro, PA; Detached two‑car garage
