Updated Duplex with Off-Street
5 W PEARL Street Albion, PA 16401
5 W PEARL Street, Albion, PA, 16401
$169,500
For Sale
$169,500
MULTI_FAMILY - Other - Albion, PA
Property Size2,058 SF
Price / SF$82.36
Days on Market50
Property Features for 5 W PEARL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 01-001-014.0-009.00
- Size
- 2,058 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2797
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Pennington Lines RE Girard
(814) 774-2622
142 Main St E Suite 2E, Erie, PA
Listed by
Rebecca Hosack · License #RS213786L
(814) 572-3523
Added: May 29 Checked: Jul 17 at 7:06 am
MLS# 191199
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 two-unit duplex includes two separate residences currently occupied by long-term tenants. Unit #7 is a single-story one-bedroom home with kitchen appliances, a stackable washer/dryer, and multiple recently replaced windows. The unit also features a large sunroom facing the yard. Unit #5 is a two-story two-bedroom layout with kitchen appliances and a washer/dryer, plus a fireplace that the seller indicates has been disabled. Unit #5 provides access to both the garage and the basement. The property has a metal roof and offers a large yard and off-street parking for both units.
The duplex is located at 5 W Pearl Street in Albion, Pennsylvania (Erie County), 16401.
The property has been updated and remodeled within the last four years, and the current tenancy is 100% occupied. The seller also notes that rents are below current market rents. With both units having practical in-unit laundry setups and dedicated yard/parking access, the duplex may appeal to buyers looking for a maintained, income-producing residential asset with straightforward two-unit management.
The duplex is located at 5 W Pearl Street in Albion, Pennsylvania (Erie County), 16401.
The property has been updated and remodeled within the last four years, and the current tenancy is 100% occupied. The seller also notes that rents are below current market rents. With both units having practical in-unit laundry setups and dedicated yard/parking access, the duplex may appeal to buyers looking for a maintained, income-producing residential asset with straightforward two-unit management.
Key Highlights
- 2‑unit property built in 1910 with frame construction and a metal roof
- Both units are currently 100% occupied by long‑term tenants
- Last 4 years updates and remodeling throughout the property
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 | $21.0k | $10.20 |
| − Vacancy | −$798 | −$0.39 |
| EGI | $20.2k | $9.81 |
| − OpEx | −$6.1k | −$2.94 |
| NOI | $14.1k | $6.87 |
2,058 SF · lease $10.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$180.7K
$158.1K – $210.8K
NOI $12,648 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$510.6K
$446.8K – $595.7K
NOI $35,740 @ 7.0% cap · market cap 21.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit property with remodeled interiors, metal roof, large yard, and off-street parking for tenants.
Where is this duplex located?
The property is located at 5 W PEARL Street Albion, PA.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: 2‑unit property built in 1910 with frame construction and a metal roof; Both units are currently 100% occupied by long‑term tenants; Last 4 years updates and remodeling throughout the property
