Two-Building Multifamily
3082 W 12TH Street Erie, PA 16505
New
For Sale
$1,299,900
MULTI_FAMILY - Other - Erie, PA
Property Size6,343 SF
Lot Size1.14 Acres
Price / SF$204.93
Days on Market2
Property Features for 3082 W 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
14
Rooms
Bedroom 6, Bedroom 9, Bathroom 10, Bathroom 8, Bathroom 3, Bathroom 14, Bedroom 11, Bedroom 2, Bathroom 5, Bathroom 7, Bathroom 11, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 2, Bathroom 13, Bedroom 4, Bedroom 12, Bedroom 10, Bathroom 12, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 9
Parking
14
Standard status
Active
APN
33-034-059.0-045.01
Size
6,343 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8989
Expense value
25000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Building materials
AluminumSiding, VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Jul 27
Last Checked: Jul 28 at 5:06AM
MLS# 192156
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 multifamily property is comprised of two buildings: a single-story 6-unit building and a two-story 8-unit building. The total unit mix includes twelve one-bedroom apartments and two efficiencies, supporting a range of household needs within the same asset. Reported improvements include an approximately 12-year-old roof with 35+ year shingles, mostly newer windows and exterior doors, and two functional boilers operating together as one system.
The property is located in Millcreek and is identified as a MU-2 Corridor Mixed Use-zoned site, which may allow flexibility for future development, redevelopment, or change of use subject to approvals.
The listing also notes additional land that could provide opportunities for storage, parking, or expansion, contingent on approvals.
The property is located in Millcreek and is identified as a MU-2 Corridor Mixed Use-zoned site, which may allow flexibility for future development, redevelopment, or change of use subject to approvals.
The listing also notes additional land that could provide opportunities for storage, parking, or expansion, contingent on approvals.
Key Highlights
- 14‑unit multifamily with 2 buildings: a single‑story 6‑unit building and a two‑story 8‑unit building
- Unit mix includes 12 one‑bedroom apartments and 2 efficiencies
- Approximately 12‑year‑old composition roof with 35+ year shingles
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 | $73.8k | $11.64 |
| − Vacancy | −$3.0k | −$0.47 |
| EGI | $70.9k | $11.17 |
| − OpEx | −$31.9k | −$5.03 |
| NOI | $39.0k | $6.15 |
6,343 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$556.9K
$487.3K – $649.7K
NOI $38,984 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,155 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building, 14-unit multifamily property with 12 one-bedrooms and two efficiencies, plus updates including roof, windows, doors, and dual boilers.
Where is this apartment building located?
The property is located at 3082 W 12TH Street Erie, PA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 14‑unit multifamily with 2 buildings: a single‑story 6‑unit building and a two‑story 8‑unit building; Unit mix includes 12 one‑bedroom apartments and 2 efficiencies; Approximately 12‑year‑old composition roof with 35+ year shingles
