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Two-Unit Duplex on Double Lot
For Sale
$150,000

505 W 18th Street, Erie, PA 16502

Two-bedroom, one-bath layouts with a separate vacant lot provide flexible ownership options.

Property Size2,250 SF
Price / SF$66.67
Days on Market59

Property Features for 505 W 18th Street

General Information

Standard status Active
Size 2,250 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $1,737

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Howard Hanna Erie Southwest
Listed By: Maria Ortiz
Source: Exprealty
Added: Aug 26 Changed: Oct 13 Last Checked: Oct 20 at 9:41PM

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 Howard Hanna Erie Southwest

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Investment Insights

Based on property information with market context.

This duplex contains two residential units, each configured with two bedrooms and one bathroom. The property is positioned across a double lot, with the second parcel remaining vacant and available for future use or development. Taxes are assessed separately for each lot.

Located at 505 W 18th Street in Erie, Pennsylvania, the property combines an existing duplex with additional land under separate tax assessment. The configuration offers a clear division between the improved parcel and the vacant lot.

Key Highlights

  • Two residential units, each with 2 bedrooms and 1 bathroom
  • Duplex situated on a double lot
  • Second lot is vacant and offers additional land for future use or development

Property Analytics

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Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,878
Businesses Nearby

Demographics for 16502, PA

15,435
Population
7,811
Households
2
Avg Household Size
34
Median Age
18%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,174
Density / Sq Mi
$34,649
Median Household Income
$27,342
Median Earnings
$831
Median Rent
$90,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom, one-bath layouts with a separate vacant lot provide flexible ownership options.
Where is this duplex located?
The property is located at 505 W 18th Street Erie, PA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Duplex situated on a double lot; Second lot is vacant and offers additional land for future use or development
More about this property
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