Lakefront Residential Income
For Sale
$425,000
Pending
3302 BAER BEACH Road, Erie, PA 16505
ResidentialIncome, Erie, PA
Property Size2,300 SF
Days on Market103
Property Features for 3302 BAER BEACH Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
A-RES
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2
Parking
6
Subdivision
Crystal Point
Lot features
Lake Front
View
Lake
Elementary school district
Millcreek
Middle school district
Millcreek
High school district
Millcreek
Directions
West Lake Rd. to North on Baer Beach Rd. to Crystal Pointe.
Standard status
Pending
APN
33-007-019.0-277.50
Size
2,300 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6717
Expense value
15000
Expense
SecurityDeposit
Expense freq.
One Time
HOA Fee
$605 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Water front features
Lake Front
Water front
1
Amenities
large sunroom
open deck
2 gas fireplaces
updated kitchen
saltwater pool
clubhouse
Building Details
Year built
1989
Floors in Building
1
Number of units
2
Building materials
VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Peach · Coldwell Banker Real Estate
(814) 453-4578
Listed By:
Jennifer Nelson · License #AB067796
(814) 572-6489
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 18 at 8:06PM
MLS# 191921
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 first-floor end-unit condominium combines two formerly separate residences into a single 2300-square-foot home. The layout includes two living spaces, a large sunroom, an open deck, an updated kitchen, two gas fireplaces, two full bathrooms, and one half bath. The property also has a two-car attached garage, central air, forced-air heating, and public water and sewer. Built in 1989, the home features vinyl siding and a composition roof.
The residence is located at 3302 BAER BEACH Road in Erie, Pennsylvania, with lakefront frontage on Lake Erie. The condominium community includes a saltwater pool and clubhouse. Its layout can be reconfigured into two independent units, providing flexibility for separate household areas or residential income use.
The residence is located at 3302 BAER BEACH Road in Erie, Pennsylvania, with lakefront frontage on Lake Erie. The condominium community includes a saltwater pool and clubhouse. Its layout can be reconfigured into two independent units, providing flexibility for separate household areas or residential income use.
Key Highlights
- Lakefront property on Lake Erie
- 2300 square feet of combined condominium living space
- Layout can be separated into two independent units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,136
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,720
$282.7K
Cap Rate 7%
$201,943
$201.9K
Cap Rate 9%
$157,067
$157.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$26.8K $11.64/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$25.7K $11.17/SF
− OpEx
−$11.6K −$5.03/SF
NOI
$14.1K $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%
$282,720
Cap Rate 7%
$201,943
Cap Rate 9%
$157,067
Alternative Uses
Best Use
Apartment 5plus
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,943 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 16505, PA
16,437
Population
8,407
Households
2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,405
Density / Sq Mi
$71,370
Median Household Income
$45,793
Median Earnings
$871
Median Rent
$196,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Combined first-floor end-unit condominium with two living areas and an attached two-car garage.
Where is this residential income property located?
The property is located at 3302 BAER BEACH Road Erie, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Lakefront property on Lake Erie; 2300 square feet of combined condominium living space; Layout can be separated into two independent units
