Renovated Fully Furnished Short-Term
253 W 26TH Street Erie, PA 16508
253 W 26TH Street, Erie, PA, 16508
$474,900
For Sale
$474,900
MULTI_FAMILY - Other - Erie, PA
Property Size3,132 SF
Lot Size0.20 Acres
Price / SF$151.63
Days on Market37
Property Features for 253 W 26TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 5, Basement, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 8
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Fireplace
- 1
- Appliances
- GasOven, GasRange, Microwave, Refrigerator, Dryer, Washer
- Standard status
- Active
- APN
- 19-060-053.0-324.01
- Size
- 3,132 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3638
- Expense value
- 10000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1914
- Flooring type
- Hardwood, Tile, Wood
- 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 Updated: Jun 17 at 2:07PM Checked: Jul 22 at 9:06AM
MLS# 191529
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 is fully furnished and has been renovated inside and out. Improvements include new gutters and roofing, decks and a covered front porch, updated electrical and plumbing, new or updated appliances, and select window replacements. The sale includes furniture and linens such as towels, pillows, blankets, and other furnishings to support immediate occupancy.
The property is located directly across from Saint Vincent Hospital. It is also part of a 10-unit, four-building portfolio on separate parcels located on the same block. Area access and convenience are supported by proximity to Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, and UPMC Hamot, along with nearby connections to I-90 and I-79 and Erie Insurance.
For buyers seeking a hands-on ready-to-operate lodging setup, the combination of comprehensive renovation and included furnishings supports a straightforward transition. Seller assistance is available for transferring existing bookings, which may help new owners maintain continuity for guest stays.
The property is located directly across from Saint Vincent Hospital. It is also part of a 10-unit, four-building portfolio on separate parcels located on the same block. Area access and convenience are supported by proximity to Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, and UPMC Hamot, along with nearby connections to I-90 and I-79 and Erie Insurance.
For buyers seeking a hands-on ready-to-operate lodging setup, the combination of comprehensive renovation and included furnishings supports a straightforward transition. Seller assistance is available for transferring existing bookings, which may help new owners maintain continuity for guest stays.
Key Highlights
- Turnkey, fully furnished short‑term rental with current bookings and option for seller assistance transferring existing bookings
- Located directly across from Saint Vincent Hospital
- Part of a 10‑unit, 4‑building portfolio on separate parcels on the same block
Local 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 | $36.5k | $11.64 |
| − Vacancy | −$1.5k | −$0.47 |
| EGI | $35.0k | $11.17 |
| − OpEx | −$15.7k | −$5.03 |
| NOI | $19.2k | $6.15 |
3,132 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.0K
$679.9K – $906.5K
NOI $54,392 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Turnkey furnished short-term rental renovated throughout, with seller support for transferring existing bookings.
Where is this single family property located?
The property is located at 253 W 26TH Street Erie, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Turnkey, fully furnished short‑term rental with current bookings and option for seller assistance transferring existing bookings; Located directly across from Saint Vincent Hospital; Part of a 10‑unit, 4‑building portfolio on separate parcels on the same block
