4-Unit
6001-6007 SWANVILLE Road, Fairview, PA 16506
For Sale
New
$429,000
Pending
ResidentialIncome, Fairview, PA
Property Size5,800 SF
Lot Size0.56 Acres
Days on Market5
Property Features for 6001-6007 SWANVILLE Road
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Expense value
Expense
Expense freq.
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Coldwell Banker Select - Airport · Coldwell Banker Real Estate
(814) 838-2299
Listed By:
Pat Grab · License PA RS328737
(814) 450-8685
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# 194160
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 5,800 square feet across a 0.56-acre parcel. Three residences have two bedrooms and 1.5 bathrooms each; the remaining unit has one bedroom and one bathroom. The building was constructed in 1990, with stucco and vinyl siding, forced-air natural gas heat, and central air conditioning.
Each residence has its own address, numbered 6001, 6003, 6005, and 6007 on Swanville Road. The property is served by public water and public sewer.
Each residence has its own address, numbered 6001, 6003, 6005, and 6007 on Swanville Road. The property is served by public water and public sewer.
Key Highlights
- All four units are occupied
- Three units have 2 bedrooms and 1.5 bathrooms; one has 1 bedroom and 1 bathroom
- 5,800 square feet on a 0.56‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,646
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,920
$712.9K
Cap Rate 7%
$509,229
$509.2K
Cap Rate 9%
$396,067
$396.1K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$67.5K $11.64/SF
− Vacancy
−$2.7K −$0.47/SF
EGI
$64.8K $11.17/SF
− OpEx
−$29.2K −$5.03/SF
NOI
$35.6K $6.15/SF
Area
Erie County, PA
Vacancy
4.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,920
Cap Rate 7%
$509,229
Cap Rate 9%
$396,067
Alternative Uses
Best Use
Multifamily LT 5
$569.1K
$498.0K – $664.0K
NOI $39,838 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,725 @ 7.0% cap · market cap 23.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 16506, PA
23,918
Population
10,309
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,759
Density / Sq Mi
$84,021
Median Household Income
$47,823
Median Earnings
$1,176
Median Rent
$224,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with a three-unit two-bedroom layout and one one-bedroom unit.
Where is this quadplex located?
The property is located at 6001-6007 SWANVILLE Road Fairview, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: All four units are occupied; Three units have 2 bedrooms and 1.5 bathrooms; one has 1 bedroom and 1 bathroom; 5,800 square feet on a 0.56‑acre parcel
