71-Unit Apartment
For Sale
$3,799,900
Pending
71 UNIT INVESTMENT PACKAGE, Erie, PA 16502
ResidentialIncome, Erie, PA
Property Size68,288 SF
Lot Size3.53 Acres
Days on Market230
Property Features for 71 UNIT INVESTMENT PACKAGE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
110
Rooms
Bedroom 96, Bedroom 1, Bedroom 17, Bedroom 78, Bedroom 34, Bedroom 95, Bedroom 27, Bedroom 93, Bedroom 41, Bedroom 54, Bedroom 33, Bedroom 26, Bedroom 29, Bedroom 84, Bedroom 37, Bedroom 98, Bedroom 99, Bedroom 2, Bedroom 62, Bedroom 7, Bedroom 18, Bedroom 58, Bedroom 71, Bedroom 75, Bedroom 66, Bedroom 20, Bedroom 32, Bedroom 80, Bedroom 59, Bedroom 8, Bedroom 88, Bedroom 25, Bedroom 63, Bedroom 103, Bedroom 19, Bedroom 76, Bedroom 5, Bedroom 9, Bedroom 48, Bedroom 31, Bedroom 79, Bedroom 52, Bedroom 3, Bedroom 22, Bedroom 23, Bedroom 11, Bedroom 39, Bedroom 74, Bedroom 87, Bedroom 104, Bedroom 30, Bedroom 68, Bedroom 49, Bedroom 60, Bedroom 12, Bedroom 45, Bedroom 51, Bedroom 38, Bedroom 106, Bedroom 65, Bedroom 97, Bedroom 46, Bedroom 82, Bedroom 92, Bedroom 100, Bedroom 21, Bedroom 36, Bedroom 4, Bedroom 83, Bedroom 69, Bedroom 16, Bedroom 90, Bedroom 28, Bedroom 24, Bedroom 57, Bedroom 91, Bedroom 108, Bedroom 89, Bedroom 107, Bedroom 53, Bedroom 109, Bedroom 61, Bedroom 72, Bedroom 102, Bedroom 70, Bedroom 35, Bedroom 44, Bedroom 73, Bedroom 77, Bedroom 56, Bedroom 86, Bedroom 50, Bedroom 13, Bedroom 15, Bedroom 42, Bedroom 85, Bedroom 94, Bedroom 55, Bedroom 81, Bedroom 10, Bedroom 40, Bedroom 47, Bedroom 14, Bedroom 110, Bedroom 6, Bedroom 105, Bedroom 64, Bedroom 101, Bedroom 43, Bedroom 67
Elementary school district
City-Erie
Middle school district
City-Erie
High school district
City-Erie
Directions
No directions as this is a 71 unit (41 individual properties) listing.
Subdivision
1 - Erie Northeast
Standard status
Pending
APN
00-000-000.0-000.00
Size
68,288 SF
Lot size
3.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
45717
Expense value
50000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Building materials
Mixed
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Mar 2
Changed: Oct 17
Last Checked: Oct 18 at 11:06AM
MLS# 189809
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 71-unit apartment investment portfolio includes a mix of multi-unit buildings and single-family homes. The multi-unit mix features buildings with 9 units, 5 units, 4 units, 3 units, and several 2-unit buildings, with the remaining homes included in the overall package. Construction materials are listed as mixed, and the properties are served by public water and public sewer.
The portfolio is reported as currently managed by an experienced property manager who handles leasing, maintenance, lawn care, and related property operations. Performance metrics provided with the package include an 11.5+% cap rate, a 27% cash-on-cash return, and a 1.89 DSCR.
The overall site totals 3.53 acres, with a stated property size of 68,288 square feet. The homes and multi-units are spread throughout NW, NE, SW, and SE Erie.
The portfolio is reported as currently managed by an experienced property manager who handles leasing, maintenance, lawn care, and related property operations. Performance metrics provided with the package include an 11.5+% cap rate, a 27% cash-on-cash return, and a 1.89 DSCR.
The overall site totals 3.53 acres, with a stated property size of 68,288 square feet. The homes and multi-units are spread throughout NW, NE, SW, and SE Erie.
Key Highlights
- 71 residential units across a multi‑building mix plus single‑family homes
- Multi‑unit mix includes 9‑unit, 5‑unit, 4‑unit, 3‑unit, and several 2‑unit buildings
- Public water and public sewer service for the portfolio
Property Analytics
Current Use
Lease Details
71
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-property portfolio with 71 residential units, serviced by public water and public sewer.
Where is this multifamily property located?
The property is located at 71 UNIT INVESTMENT PACKAGE Erie, PA.
What is the asking price?
The asking price for this property is $3,799,900.
What are key features of this property?
This property features: 71 residential units across a multi‑building mix plus single‑family homes; Multi‑unit mix includes 9‑unit, 5‑unit, 4‑unit, 3‑unit, and several 2‑unit buildings; Public water and public sewer service for the portfolio
