For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Erie Multi-Family Property For Sale Title is generated by Realmo AI

    2716 RASPBERRY Street, Erie, PA 16508

    View on Map
    Claim this Listing
    For Sale
    $134,900

    MULTI_FAMILY - Other - Erie, PA

    Property size:
    1,188 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $113/SF
    Added:
    Jan 21, 2026
    Days on Market:
    157
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 2716 RASPBERRY Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
    Parking features
    Garage
    Standard status
    Active
    APN
    19-092-018.0-203.00
    Size
    1,188 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3236
    Expense value
    3000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

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

    Building Details

    Year built
    1912
    Floors in Building
    2
    Number of units
    1
    Building materials
    Frame, VinylSiding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Contact an agent
    Terry Lazenby

    Listing agent Terry Lazenby License #RS339284

    Listing office Marsha Marsh RES Peach 8840 Peach St, Erie, PA

    Listing date Jan 21, 2026

    MLS# 189403 Listing URL

    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.

    HighLights

    • Fenced in backyard
    • One car garage
    • Three bedrooms
    • Updated windows
    • Back patio
    • Storage shed

    Overview

    This tenant-occupied property is located in Southwest Erie. It features three bedrooms and 1.5 bathrooms. The property includes a fenced-in backyard, a one-car garage, a storage shed, and a back patio. A cozy front porch enhances the exterior. The windows have been mostly updated. The lot size is 0.0895 acres, and the property size is 1188 square feet.

    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 $13.8k $11.64
    − Vacancy −$553 −$0.47
    EGI $13.3k $11.17
    − OpEx −$6.0k −$5.03
    NOI $7.3k $6.15
    1,188 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $104.3K
    $91.3K – $121.7K (±1% cap)
    NOI $7,301 @ 7.0% cap · market cap 5.41%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $294.7K
    $257.9K – $343.9K (±1% cap)
    NOI $20,631 @ 7.0% cap · market cap 15.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.096054
    Latitude
    42.102081

    FAQs

    What type of property is this?
    Single family property - Tenant-occupied, three-bedroom property with garage, yard, and updates.
    Where is this single family property located?
    The property is located at 2716 RASPBERRY Street Erie, PA.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: Fenced in backyard; One car garage; Three bedrooms
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message