Mobile Home Park with
For Sale
$749,900
3216 BUFFALO Road, Erie, PA 16510
ResidentialIncome, Erie, PA
Property Size7,354 SF
Lot Size1.23 Acres
Price / SF$101.97
Days on Market95
Property Features for 3216 BUFFALO Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
C
Bedrooms
18
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 18, Bedroom 12, Bathroom 2, Bedroom 4, Bedroom 9, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 15, Bedroom 14, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 3, Bedroom 13, Bedroom 8, Bedroom 10, Bathroom 3, Bedroom 11, Bedroom 16, Bedroom 17
Lot features
Irregular Lot
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
Located north of Buffalo Rd, just west of Station Road in Wesleyville, behind Curry Optical on Wesley Ave., with access from Buffalo Rd or Wesley Ave
Subdivision
15 - Harborcrk/Wesleyvill/Law Pk
Standard status
Active
APN
50-001-013.0-001.00
Size
7,354 SF
Lot size
1.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13887
Expense value
20000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
1
Building materials
Mixed
Roof type
Asphalt
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Nicholas Marinelli · License #AB062182L
(814) 806-6300
Added: Jul 15
Changed: Oct 17
Last Checked: Oct 17 at 8:06AM
MLS# 191984
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 1.23-acre property combines a mobile home park with rooming-house and apartment components. The site includes 18 mobile home pads, 10 rental rooms, and 1 apartment within 7,354 square feet of improvements. A newer 24' x 48' x 12' garage adds enclosed utility space, while off-street parking supports the property’s varied residential configuration.
The property is located at 3216 BUFFALO Road in Erie, Pennsylvania. Public water and public sewer serve the site. Building systems include natural gas and forced-air heating, with an asphalt roof and mixed construction materials. The improvements date to 1900, with the newer garage providing a distinct additional structure.
The property is located at 3216 BUFFALO Road in Erie, Pennsylvania. Public water and public sewer serve the site. Building systems include natural gas and forced-air heating, with an asphalt roof and mixed construction materials. The improvements date to 1900, with the newer garage providing a distinct additional structure.
Key Highlights
- 18 mobile home pads, 10 rental rooms, and 1 apartment
- 1.23‑acre property with 7,354 square feet of improvements
- Newer 24' x 48' x 12' garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,197
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,940
$903.9K
Cap Rate 7%
$645,671
$645.7K
Cap Rate 9%
$502,189
$502.2K
Market Conditions
NOI Build-Up for 7,354 SF
Gross rent
$85.6K $11.64/SF
− Vacancy
−$3.4K −$0.47/SF
EGI
$82.2K $11.17/SF
− OpEx
−$37.0K −$5.03/SF
NOI
$45.2K $6.15/SF
Area
Erie County, PA
Vacancy
4.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,940
Cap Rate 7%
$645,671
Cap Rate 9%
$502,189
Alternative Uses
Best Use
Apartment 5plus
$645.7K
$565.0K – $753.3K
NOI $45,197 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,713 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
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?
Mobile home & RV park - Mixed residential income property includes mobile home pads, rental rooms, an apartment, and a newer garage.
Where is this mobile home & rv park located?
The property is located at 3216 BUFFALO Road Erie, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 18 mobile home pads, 10 rental rooms, and 1 apartment; 1.23‑acre property with 7,354 square feet of improvements; Newer 24' x 48' x 12' garage
