3400 FRANCIS Street, Erie, PA 16510
- Added:
- Mar 26, 2026
- Days on Market:
- 99
- Last Refresh:
- Jul 2 at 10:06 pm
Property Features for 3400 FRANCIS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 12
- Rooms
- Bedroom 7, Bathroom 12, Bedroom 1, Bathroom 4, Bedroom 10, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 12, Bathroom 6, Bathroom 7, Bedroom 8, Bathroom 9, Bathroom 1, Bathroom 5, Bedroom 9, Bedroom 4, Bathroom 8, Bathroom 10, Bathroom 11, Bedroom 6, Bedroom 11, Bedroom 3, Bedroom 2
- Parking
- 14
- Standard status
- Pending
- APN
- 50-002-041.0-042.01
- Size
- 9,120 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11639
- Expense value
- 25000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- VinylSiding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jake Scheloske License #RS318016 (814) 449-7973
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Mar 26, 2026
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.
HighLights
- 12‑unit multi‑family property with oversized 1‑bedroom, 1‑bath units
- Each unit includes a full kitchen, spacious living room, and private balcony
- A/C included in each unit, plus forced‑air heating with natural gas
- Tenants pay all utilities except sewer and garbage; separately metered systems throughout
- Off‑street parking and creek views
- Built in 1979 with vinyl siding and a composition roof
Overview
Located on a quiet dead-end street in Wesleyville Borough within the Iroquois School District, the building benefits from a residential setting. The property is also positioned with off-street parking and is described as having peaceful creek views.
For investors and buyers seeking an income-oriented multifamily asset, the combination of one-bedroom unit uniformity and tenant-paid utilities (excluding sewer and garbage) can simplify budgeting and reduce landlord utility exposure. The presence of private outdoor space, in-unit A/C, and off-street parking are practical resident-focused features that can support everyday tenant satisfaction in a small, self-contained community.
Local 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 | $106.2k | $11.64 |
| − Vacancy | −$4.2k | −$0.47 |
| EGI | $101.9k | $11.17 |
| − OpEx | −$45.9k | −$5.03 |
| NOI | $56.1k | $6.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.009848
- Latitude
- 42.136945
