Renovated Furnished Short-Term
257 W 26TH Street Erie, PA 16508
257 W 26TH Street, Erie, PA, 16508
$474,900
For Sale
$474,900
MULTI_FAMILY - Other - Erie, PA
Property Size3,132 SF
Lot Size0.14 Acres
Price / SF$151.63
Days on Market37
Property Features for 257 W 26TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Basement, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 8, Bedroom 3, Bathroom 1
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Fireplace
- 1
- Appliances
- GasOven, GasRange, Microwave, Refrigerator, Dryer, Washer
- Standard status
- Active
- APN
- 19-060-053.0-324.00
- Size
- 3,132 SF
- Lot size
- 0.14 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
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1914
- Flooring type
- Tile, Wood, Hardwood
- 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 Checked: Jul 22 at 11:06AM
MLS# 191528
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 fully furnished short-term rental has been renovated inside and out, with updates including gutters, roofing, decks, a covered front porch, electrical and plumbing work, appliances, and select windows. The sale includes the in-place furniture and household items needed for guest stays, such as linens, towels, pillows, blankets, and related furnishings.
The property is located directly across from Saint Vincent Hospital in Erie, Pennsylvania. It is part of a 10-unit, four-building portfolio on separate parcels located on the same block. The listing also notes proximity to Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, UPMC Hamot, and access to I-90 and I-79.
Designed for operators who want a ready-to-run lodging setup, the seller indicates willingness to assist with transferring existing bookings to support a smooth transition. This configuration is well suited to traveling nurses and other medical professionals, as well as hospital visitors, providing a practical base for short-stay demand tied to the nearby healthcare campus.
The property is located directly across from Saint Vincent Hospital in Erie, Pennsylvania. It is part of a 10-unit, four-building portfolio on separate parcels located on the same block. The listing also notes proximity to Gannon University, Mercyhurst University, Lake Erie College of Osteopathic Medicine, UPMC Hamot, and access to I-90 and I-79.
Designed for operators who want a ready-to-run lodging setup, the seller indicates willingness to assist with transferring existing bookings to support a smooth transition. This configuration is well suited to traveling nurses and other medical professionals, as well as hospital visitors, providing a practical base for short-stay demand tied to the nearby healthcare campus.
Key Highlights
- Fully furnished short‑term rental directly across from Saint Vincent Hospital
- Built in 1914 with brick and frame construction, asphalt shingle roof
- Features deck and covered front porch; fireplace on site (fireplace Y/N: true)
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 - Fully furnished, renovated rental property positioned directly across from Saint Vincent Hospital.
Where is this single family property located?
The property is located at 257 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: Fully furnished short‑term rental directly across from Saint Vincent Hospital; Built in 1914 with brick and frame construction, asphalt shingle roof; Features deck and covered front porch; fireplace on site (fireplace Y/N: true)
