Turnkey Furnished Short-Term Rental
243-257 W 26TH Street Erie, PA 16508
For Sale
$1,349,600
MULTI_FAMILY - Other - Erie, PA
Property Size8,904 SF
Price / SF$151.57
Days on Market42
Property Features for 243-257 W 26TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 24
- Bathrooms
- 3
- Rooms
- Bedroom 11, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 21, Bedroom 12, Bedroom 9, Bedroom 14, Bathroom 1, Bedroom 6, Bedroom 17, Bedroom 10, Bedroom 20, Bedroom 16, Bedroom 23, Bedroom 1, Bedroom 18, Bedroom 7, Bedroom 15, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 13, Bedroom 19, Bedroom 22, Bedroom 5, Bedroom 24
- Standard status
- Active
- APN
- 19-060-053.0-324.00
- Size
- 8,904 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11431
- Expense value
- 25000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1914
- Number of units
- 3
- Building materials
- Brick, Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
eXp Realty - Meadville
(888) 397-7352
Listed By:
Caleb Kowalczyk · License #RS364924
(814) 873-7793
Added: Jun 16
Changed: Jul 24
Last Checked: Jul 27 at 7:06AM
MLS# 192211
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 turnkey short-term rental portfolio includes 10 furnished units housed across four buildings. The properties are described as fully renovated inside and out, with upgrades including gutters, roofs, decks, a covered front porch, electrical and plumbing work, appliances, and select windows. The sale is described as including furniture and household linens, towels, pillows, blankets, and related items, supporting an immediate operating setup.
The buildings are located on the same block and are positioned directly across from Saint Vincent Hospital, according to the provided remarks. The listing also states the portfolio is minutes from multiple area institutions and access routes, including Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, UPMC Hamot, I-90, and I-79.
Seller assistance with transferring existing bookings is noted to support a seamless transition after purchase. The address is provided as 243-257 W 26TH Street, Erie, PA 16508.
The buildings are located on the same block and are positioned directly across from Saint Vincent Hospital, according to the provided remarks. The listing also states the portfolio is minutes from multiple area institutions and access routes, including Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, UPMC Hamot, I-90, and I-79.
Seller assistance with transferring existing bookings is noted to support a seamless transition after purchase. The address is provided as 243-257 W 26TH Street, Erie, PA 16508.
Key Highlights
- 10‑unit furnished short‑term rental portfolio across from Saint Vincent Hospital (4 buildings on the same block)
- Multiple HVAC/comfort systems include forced air heating and natural gas, with window unit cooling
- Construction materials include brick and frame; roof is asphalt
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.6k | $11.64 |
| − Vacancy | −$4.1k | −$0.47 |
| EGI | $99.5k | $11.17 |
| − OpEx | −$44.8k | −$5.03 |
| NOI | $54.7k | $6.15 |
8,904 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$781.8K
$684.0K – $912.1K
NOI $54,723 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,630 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Fully furnished short-term rental portfolio with 10 units across four buildings, renovated throughout, directly across from Saint Vincent Hospital.
Where is this apartment building located?
The property is located at 243-257 W 26TH Street Erie, PA.
What is the asking price?
The asking price for this property is $1,349,600.
What are key features of this property?
This property features: 10‑unit furnished short‑term rental portfolio across from Saint Vincent Hospital (4 buildings on the same block); Multiple HVAC/comfort systems include forced air heating and natural gas, with window unit cooling; Construction materials include brick and frame; roof is asphalt
