Convertible Two-Unit Condo
3302 BAER BEACH Road Erie, PA 16505
3302 BAER BEACH Road, Erie, PA, 16505
$469,000
For Sale
$469,000
MULTI_FAMILY - Other - Erie, PA
Property Size2,300 SF
Price / SF$203.91
Days on Market11
Property Features for 3302 BAER BEACH Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Parking
- 6
- Standard status
- Active
- 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
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
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
(814) 453-4578
2961 Peach St, Erie, PA
Listed by
Jennifer Nelson · License #AB067796
(814) 572-6489
Added: Jul 8 Checked: Jul 18 at 1:06 pm
MLS# 191921
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.
Investment Insights
Based on property information with market context.
This one-of-a-kind residence was originally two separate condos that were combined into a single expansive first-floor living space. The home features an open floor plan with two living spaces, a large sunroom, and an open deck, along with two gas fireplaces. Updates are noted in the kitchen and baths, and the property includes a two-car attached garage. Panoramic views of Lake Erie are described in the remarks.
Located in Millcreek Township in Erie, PA 16505, the property is described as being just minutes from schools, shopping, and dining, supporting a convenient day-to-day lifestyle.
From a use standpoint, the layout is described as flexible enough to be separated back into two independent units. That configuration can work well for an in-law suite or guest wing, or for a high-end rental setup depending on how the spaces are operated. The community also offers amenities through Crystal Point, including a saltwater pool and clubhouse, which can help support tenant or household preferences.
Located in Millcreek Township in Erie, PA 16505, the property is described as being just minutes from schools, shopping, and dining, supporting a convenient day-to-day lifestyle.
From a use standpoint, the layout is described as flexible enough to be separated back into two independent units. That configuration can work well for an in-law suite or guest wing, or for a high-end rental setup depending on how the spaces are operated. The community also offers amenities through Crystal Point, including a saltwater pool and clubhouse, which can help support tenant or household preferences.
Key Highlights
- Lakefront residence at Crystal Point with public water and public sewer
- 1st‑floor layout offering 2,300 sq ft with 3 bedrooms and 3 bathrooms
- Originally two separate condos combined into one, with the option to split back into two independent units
Local Financial Insights For Multifamily LT 5
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 | $23.5k | $10.20 |
| − Vacancy | −$891 | −$0.39 |
| EGI | $22.6k | $9.81 |
| − OpEx | −$6.8k | −$2.94 |
| NOI | $15.8k | $6.87 |
2,300 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,798 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,943 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - First-floor unit can revert to two separate condos with sunroom, deck, and attached two-car garage.
Where is this duplex located?
The property is located at 3302 BAER BEACH Road Erie, PA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Lakefront residence at Crystal Point with public water and public sewer; 1st‑floor layout offering 2,300 sq ft with 3 bedrooms and 3 bathrooms; Originally two separate condos combined into one, with the option to split back into two independent units
