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Multifamily Rental Portfolio
For Sale
$1,600,000

252 W 21 Street, Erie, PA 16502

ResidentialIncome, Erie, PA

Property SizeContact for details
Days on Market8

Property Features for 252 W 21 Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R-1
Bedrooms 47
Bathrooms 17
Full bathrooms 17
Rooms Bedroom 15, Bedroom 20, Bedroom 28, Bedroom 35, Bedroom 11, Bathroom 1, Bedroom 40, Bathroom 9, Bedroom 2, Bedroom 8, Bedroom 14, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 7, Bedroom 18, Bedroom 47, Bedroom 43, Bathroom 7, Bedroom 41, Bedroom 26, Bedroom 29, Bedroom 36, Bedroom 1, Bedroom 31, Bedroom 45, Bedroom 10, Bedroom 46, Bathroom 10, Bedroom 30, Bedroom 37, Bathroom 16, Bedroom 22, Bedroom 3, Bedroom 12, Bathroom 12, Bedroom 19, Bathroom 3, Bedroom 13, Bedroom 23, Bedroom 17, Bedroom 27, Bedroom 34, Bathroom 8, Bathroom 13, Bathroom 2, Bedroom 42, Bedroom 4, Bedroom 9, Bedroom 21, Bedroom 39, Bedroom 25, Bedroom 24, Bedroom 38, Bathroom 6, Bathroom 17, Bedroom 32, Bathroom 15, Bedroom 16, Bedroom 44, Bathroom 11, Bathroom 14, Bedroom 33, Bathroom 4
Elementary school district City-Erie
Middle school district City-Erie
High school district City-Erie
Directions All over the city of Erie
Subdivision 2 - Erie Northwest
Standard status Active
APN 19-060-006.0-222.00

Taxes and HOA fees

Tax Year 2026
Expense value 20000
Expense SecurityDeposit
Expense freq. One Time

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1907
Number of units 10
Building materials Mixed, VinylSiding
Roof type Metal, Asphalt
Listing Agency: Agresti Real Estate
Listed By: Dana Dickerson · License #RS358910
Added: Oct 11 Changed: Oct 17 Last Checked: Oct 18 at 10:06AM
MLS# 193716

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.

Rey
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Investment Insights

Based on property information with market context.

This Erie multifamily portfolio comprises rental homes built in 1907. All are occupied, and four households receive Section 8 assistance. Interior work includes updated electrical systems, flooring, and appliances. Most exterior improvements are finished; the remaining work is underway and was scheduled for completion before winter.

The properties have natural gas, forced-air heating, public water, and public sewer service.

Key Highlights

  • Fully occupied rental portfolio
  • Four households receive Section 8 assistance
  • Interior improvements include electrical, flooring, and appliances

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service Florist Catering Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,168
Businesses Nearby

Demographics for 16502, PA

15,435
Population
7,811
Households
2
Avg Household Size
34
Median Age
18%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,174
Density / Sq Mi
$34,649
Median Household Income
$27,342
Median Earnings
$831
Median Rent
$90,100
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Existing renters include four households receiving Section 8 assistance.
Where is this multifamily property located?
The property is located at 252 W 21 Street Erie, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully occupied rental portfolio; Four households receive Section 8 assistance; Interior improvements include electrical, flooring, and appliances
More about this property
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