Two-Unit
For Sale
$120,000
Pending
2915 Poplar St, Erie, PA 16508
Two-level duplex with one occupied floor and additional work needed upstairs.
Property Size1,716 SF
Days on Market20
Property Features for 2915 Poplar St
General Information
Standard status
Pending
Size
1,716 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,375
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Howard Hanna Erie Airport
(814) 397-9187
Listed By:
Pat Doran
(814) 397-9187
Source:
Exprealty
Added: Jul 16
Changed: Aug 2
Last Checked: Aug 2 at 2:36AM
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 Howard Hanna Erie Airport
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,716 square feet across two floors. The first-floor unit is occupied, while the second-floor unit requires work before it is ready for use. The property is located at 2915 Poplar St in Erie, Pennsylvania.
Key Highlights
- Two‑unit duplex configuration
- 1,716 square feet of property size
- First‑floor unit is occupied
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 | $20.0k | $11.64 |
| − Vacancy | −$799 | −$0.47 |
| EGI | $19.2k | $11.17 |
| − OpEx | −$8.6k | −$5.03 |
| NOI | $10.5k | $6.15 |
1,716 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$168.4K
$147.3K – $196.5K
NOI $11,787 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$150.7K
$131.8K – $175.8K
NOI $10,546 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$425.7K
$372.5K – $496.7K
NOI $29,801 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 16508, PA
15,172
Population
7,385
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
5,419
Density / Sq Mi
$52,361
Median Household Income
$36,209
Median Earnings
$852
Median Rent
$121,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with one occupied floor and additional work needed upstairs.
Where is this duplex located?
The property is located at 2915 Poplar St Erie, PA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,716 square feet of property size; First‑floor unit is occupied
