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9-Unit Apartment Building
For Sale
$198,500

437 W 4th St, Erie, PA 16507

Mixed apartment and sleeping-room property with off-street parking and an adjoining vacant lot.

Property Size4,675 SF
Price / SF$42.46
Days on Market48

Property Features for 437 W 4th St

General Information

Standard status Active
Size 4,675 SF
Property subtype Residential Income

Units

Unit Mix 2 x apartments, 7 x sleeping rooms
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $2,552

Amenities

off-street parking
laundry hookups
Listing Agency: Agresti Real Estate
Listed By: Nicholas Marinelli · License #AB062182L
Source: Exprealty
Added: Jul 22 Changed: Sep 6 Last Checked: Sep 7 at 2:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Agresti Real Estate

Investment Insights

Based on property information with market context.

This 4,675-square-foot apartment property includes 2 apartments and 7 sleeping rooms. The first apartment has 1 bedroom, a full kitchen, dining room, living room, full bathroom, and basement laundry hookups. The second offers 1 large bedroom, a large living room, a large kitchen, and a full bathroom. Both apartments have high-efficiency natural gas forced-air heat and separate gas and electric service paid by the tenants.

The 7 sleeping rooms share a common kitchen and full bathroom, with utilities included. Their systems include updated electrical service and high-efficiency natural gas hot-water heat. Additional property features include plenty of off-street parking and a vacant lot next to the house. The property is located in Erie, Pennsylvania.

Key Highlights

  • 9‑unit configuration with 2 apartments and 7 sleeping rooms
  • 4,675 square feet
  • 2 apartments with separate tenant‑paid gas and electric service

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Electrical Service Plumbing Service Nail Salon Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

2,200
Businesses Nearby

Demographics for 16507, PA

9,429
Population
4,149
Households
2.3
Avg Household Size
31
Median Age
20%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
4,490
Density / Sq Mi
$34,474
Median Household Income
$20,833
Median Earnings
$1,016
Median Rent
$66,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed apartment and sleeping-room property with off-street parking and an adjoining vacant lot.
Where is this apartment building located?
The property is located at 437 W 4th St Erie, PA.
What is the asking price?
The asking price for this property is $198,500.
What are key features of this property?
This property features: 9‑unit configuration with 2 apartments and 7 sleeping rooms; 4,675 square feet; 2 apartments with separate tenant‑paid gas and electric service
More about this property
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