Duplex with
New
For Sale
$165,000
3305 CASCADE Street, Erie, PA 16504
ResidentialIncome, Erie, PA
Property Size1,654 SF
Lot Size0.30 Acres
Price / SF$99.76
Days on Market2
Property Features for 3305 CASCADE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking
4
Lot features
Cleared, Corner Lot
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
26th and Cherry. South on Cherry to W 32nd. West to Cascade. Home is corner lot.
Subdivision
3 - Erie Southwest
Standard status
Active
APN
19-061-012.0-101.00
Size
1,654 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4492
Expense value
3000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1873
Number of units
2
Building materials
AluminumSiding, VinylSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Airport · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Jenna Ramsey · License #RS325068
(814) 715-1813
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 193808
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 1,654-square-foot duplex, built in 1873, contains two units with different layouts. The lower residence has multiple bedrooms, a full bath, living room, kitchen, and sunporch, along with access to the garage and basement. Upstairs, the more compact unit has two bedrooms, a full bath, and an open living and kitchen area.
The property occupies a 0.3-acre corner lot in Erie. Both units are tenant-occupied, and the tenants are in the process of moving out. Building systems include natural gas forced-air heat, public water, public sewer, and a composition roof.
The property occupies a 0.3-acre corner lot in Erie. Both units are tenant-occupied, and the tenants are in the process of moving out. Building systems include natural gas forced-air heat, public water, public sewer, and a composition roof.
Key Highlights
- Two‑unit property with 1,654 square feet of building area
- Set on a 0.3‑acre corner lot in Erie
- Lower unit includes a sunporch, with garage and basement access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,361
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
$227.2K
Cap Rate 7%
$162,300
$162.3K
Cap Rate 9%
$126,233
$126.2K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$16.9K $10.20/SF
− Vacancy
−$641 −$0.39/SF
EGI
$16.2K $9.81/SF
− OpEx
−$4.9K −$2.94/SF
NOI
$11.4K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
Cap Rate 7%
$162,300
Cap Rate 9%
$126,233
Alternative Uses
Best Use
Multifamily LT 5
$162.3K
$142.0K – $189.4K
NOI $11,361 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$145.2K
$127.1K – $169.4K
NOI $10,165 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$410.3K
$359.1K – $478.7K
NOI $28,724 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 16504, PA
16,135
Population
7,038
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
91%
High-School Grad
2.8 sq mi
ZIP Area
5,763
Density / Sq Mi
$51,988
Median Household Income
$34,362
Median Earnings
$966
Median Rent
$109,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces include distinct layouts, with garage and basement access from the lower unit.
Where is this duplex located?
The property is located at 3305 CASCADE Street Erie, PA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit property with 1,654 square feet of building area; Set on a 0.3‑acre corner lot in Erie; Lower unit includes a sunporch, with garage and basement access
