Erie Brick Home with Income
510 W 10TH Street Erie, PA 16502
510 W 10TH Street, Erie, PA, 16502
$389,900
Pending
For Sale
$389,900
Pending
MULTI_FAMILY - Erie, PA
Property Size4,168 SF
Lot Size0.18 Acres
Days on Market54
Property Features for 510 W 10TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 4
- Parking
- 6
- Standard status
- Pending
- APN
- 16-030-030.0-134.00
- Size
- 4,168 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8542
- Expense value
- 10000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Building materials
- AluminumSiding, Brick
- Roof type
- Composition
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Jake Scheloske · License #RS318016
(814) 449-7973
Added: May 27 Checked: Jul 19 at 4:06 am
MLS# 191143
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 brick home features a blend of old-world charm and modern convenience. The property includes 5 bedrooms and 3.5 baths, showcasing architectural details throughout. It features rich oak and cherry woodwork, hardwood floors, 6 fireplaces, large rooms, open spaces, a formal dining room, a back stairway, and a newer kitchen. An expansive entertaining deck and a sprinkler system are included. Rear parking is available. A new roof was installed in 2023. Previously and currently used as a boarding house, this property could be an income-producing investment. Zoned RLB, it also offers potential as a professional building. The property is located close to downtown Erie, Gannon University, Erie Insurance, and UPMC Hamot. The property has 4168 square feet of space and is situated on a 0.18-acre lot.
Key Highlights
- Brick home built in 1910 with central air and natural gas hot water heating
- 5 bedrooms and 3.5 baths with hardwood floors and rich oak and cherry woodwork
- Includes 6 fireplaces and a formal dining room plus large rooms and open spaces
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 | $48.5k | $11.64 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $46.6k | $11.17 |
| − OpEx | −$21.0k | −$5.03 |
| NOI | $25.6k | $6.15 |
4,168 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$365.9K
$320.2K – $426.9K
NOI $25,616 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$904.8K – $1.21M
NOI $72,383 @ 7.0% cap · market cap 18.56%
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?
Residential income property - Versatile Erie property with charm, modern updates, and income potential.
Where is this residential income property located?
The property is located at 510 W 10TH Street Erie, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Brick home built in 1910 with central air and natural gas hot water heating; 5 bedrooms and 3.5 baths with hardwood floors and rich oak and cherry woodwork; Includes 6 fireplaces and a formal dining room plus large rooms and open spaces
