Triplex with Established
For Sale
$199,000
64 VINE Street, North East, PA 16428
ResidentialIncome, North East Boro, PA
Property Size1,952 SF
Lot Size0.27 Acres
Price / SF$101.95
Days on Market152
Property Features for 64 VINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4
Parking
4
Lot features
Landscaped, Level, Mineral Rights
Elementary school district
North East
Middle school district
North East
High school district
North East
Directions
Rt. 20, Main Street, to south on Vine to #64.
Subdivision
14 - NE Boro & Twp/Greenfield
Standard status
Active
APN
36-005-040.0-018.00
Size
1,952 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2518
Expense value
10000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
AluminumSiding
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Real Estate Group North East · RE/MAX International
(814) 725-5665
Listed By:
Mary Lou Wittman · License #RS151745A
(814) 323-3195
Added: May 18
Changed: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# 190958
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 1,952-square-foot triplex was built in 1900 and has aluminum siding, a composition roof, and natural gas heat. The property includes a one-bedroom apartment with a tenant in place for more than 30 years, a rear unit with a tenant of several years, and a two-bedroom apartment with a new tenant.
The parcel spans 0.2692 acres, with 83 feet of frontage, a depth of 145 feet, and 83 feet along the rear. Public water and public sewer serve the property.
The parcel spans 0.2692 acres, with 83 feet of frontage, a depth of 145 feet, and 83 feet along the rear. Public water and public sewer serve the property.
Key Highlights
- Three‑unit residential property classified as a triplex
- 1,952 square feet on a 0.2692‑acre parcel
- One‑bedroom tenant has occupied the unit for more than 30 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,408
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,160
$268.2K
Cap Rate 7%
$191,543
$191.5K
Cap Rate 9%
$148,978
$149.0K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$19.9K $10.20/SF
− Vacancy
−$757 −$0.39/SF
EGI
$19.2K $9.81/SF
− OpEx
−$5.7K −$2.94/SF
NOI
$13.4K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,160
Cap Rate 7%
$191,543
Cap Rate 9%
$148,978
Alternative Uses
Best Use
Multifamily LT 5
$191.5K
$167.6K – $223.5K
NOI $13,408 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,997 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$484.3K
$423.7K – $565.0K
NOI $33,899 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 16428, PA
12,524
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
73.6 sq mi
ZIP Area
170
Density / Sq Mi
$77,103
Median Household Income
$40,625
Median Earnings
$758
Median Rent
$188,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include long-term occupants and a recently placed tenant.
Where is this triplex located?
The property is located at 64 VINE Street North East, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit residential property classified as a triplex; 1,952 square feet on a 0.2692‑acre parcel; One‑bedroom tenant has occupied the unit for more than 30 years
