Brick Duplex with
New
For Sale
$175,000
2630 WOODLAWN Avenue, Erie, PA 16510
ResidentialIncome, Erie, PA
Property Size2,112 SF
Lot Size0.14 Acres
Price / SF$82.86
Days on Market2
Property Features for 2630 WOODLAWN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Lot features
Level
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
2630 Woodlawn
Subdivision
4 - Erie Southeast
Standard status
Active
APN
18-051-043.0-317.00
Size
2,112 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3099
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
hardwood floors
updated baths
laundry hook-ups
porch/balcony
full basement
off street parking
Building Details
Year built
1922
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Real Estate Group Erie · RE/MAX International
(814) 833-9801
Listed By:
Toni Smith · License #RS308478
(814) 746-0400
Added: Oct 22
Last Checked: Oct 23 at 5:06AM
MLS# 193873
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.
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Investment Insights
Based on property information with market context.
This 1922 brick duplex contains 2,112 square feet across two three-bedroom units on a 0.14-acre lot. Both units have hardwood floors in the living and dining rooms, kitchens equipped with gas ranges and refrigerators, updated bathrooms, and laundry hookups. The second-floor residence includes a porch or balcony, while a full basement offers storage. The property has forced-air, natural gas heating, public water, and public sewer.
The setting is near Bayfront Parkway, Penn State Behrend, and local amenities. Outdoor features include a rear yard, a deep lot, and some off-street parking.
The setting is near Bayfront Parkway, Penn State Behrend, and local amenities. Outdoor features include a rear yard, a deep lot, and some off-street parking.
Key Highlights
- Two three‑bedroom units in a 2,112‑square‑foot brick duplex
- 0.14‑acre lot with a rear yard and some off‑street parking
- Both kitchens include a gas range and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,507
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,140
$290.1K
Cap Rate 7%
$207,243
$207.2K
Cap Rate 9%
$161,189
$161.2K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$21.5K $10.20/SF
− Vacancy
−$819 −$0.39/SF
EGI
$20.7K $9.81/SF
− OpEx
−$6.2K −$2.94/SF
NOI
$14.5K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,140
Cap Rate 7%
$207,243
Cap Rate 9%
$161,189
Alternative Uses
Best Use
Multifamily LT 5
$207.2K
$181.3K – $241.8K
NOI $14,507 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$185.4K
$162.3K – $216.3K
NOI $12,980 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$524.0K
$458.5K – $611.3K
NOI $36,678 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature hardwood flooring in their living and dining rooms, with laundry hookups in each unit.
Where is this duplex located?
The property is located at 2630 WOODLAWN Avenue Erie, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two three‑bedroom units in a 2,112‑square‑foot brick duplex; 0.14‑acre lot with a rear yard and some off‑street parking; Both kitchens include a gas range and refrigerator
