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Renovated Multifamily Rental Portfolio

252 WEST 21 Street, Erie, PA 16502

For Sale
Contact for pricing

Existing tenants include Section 8 renters, with interior upgrades completed across the homes.

Property SizeContact for details
Days on Market32

Property Features for 252 WEST 21 Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 11
Tenant in Place Yes
Listing Agency: Agresti Real Estate
Listed By: Dana Dickerson · License PA RS358910
Source: Crexi
Added: Oct 12 Changed: Nov 8 Last Checked: Nov 12 at 8:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Agresti Real Estate

Rey
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Investment Insights

Based on property information with market context.

This multifamily rental portfolio has tenants in place, including four units occupied by Section 8 tenants. Interior work across the homes includes updated electrical, flooring, and appliances. Most exterior improvements are complete; remaining work is underway and was scheduled for completion before winter.

Key Highlights

  • Four units are occupied by Section 8 tenants
  • Interior updates include electrical, flooring, and appliances
  • Most exterior renovations are complete, with remaining work underway

Property Analytics

Lease Details

11
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

582
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

Market

Average Price Trend$/SF for Multifamily properties in Erie, PA

$90.14 Jul
$85.91 Aug
$88.52 Sep
$94.51 Oct

Properties on Market for Multifamily properties in Erie

Jul
Aug
Sep
Oct

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 tenants include Section 8 renters, with interior upgrades completed across the homes.
Where is this multifamily property located?
The property is located at 252 WEST 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: Four units are occupied by Section 8 tenants; Interior updates include electrical, flooring, and appliances; Most exterior renovations are complete, with remaining work underway
(814) 232-3962 · Office Call to check price and availability
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