2-Unit
New
For Sale
$269,000
8515-8517 KIRSCH Road, Erie, PA 16510
ResidentialIncome, Erie, PA
Property Size1,392 SF
Lot Size0.34 Acres
Price / SF$193.25
Days on Market2
Property Features for 8515-8517 KIRSCH Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Lot features
Level
Elementary school district
Wattsburg
Middle school district
Wattsburg
High school district
Wattsburg
Directions
Hartman to Kirsch Rd. on Left.
Subdivision
13 - Amity/Greene/Venango/Wsbg
Standard status
Active
APN
25-009-028.0-086.00
Size
1,392 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4008
Expense value
4000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
individual basements
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Building materials
Mixed
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Select - Peach · Coldwell Banker Real Estate
(814) 453-4578
Listed By:
Melanie Brewer · License #RS320069
(814) 218-0563
Added: Nov 3
Last Checked: Nov 4 at 12:06AM
MLS# 194100
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 1972 duplex contains two residences, each arranged with two bedrooms, a living room, a full bathroom, and its own basement. The building totals 1,392 square feet on a 0.3444-acre parcel. Construction materials are mixed, with an asphalt roof.
Heating is provided by natural-gas forced-air systems. The property is served by public water and public sewer.
Heating is provided by natural-gas forced-air systems. The property is served by public water and public sewer.
Key Highlights
- Two units, each with 2 bedrooms, a living room, a full bath, and an individual basement
- 1,392 square feet of building area on 0.3444 acres
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,561
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,220
$191.2K
Cap Rate 7%
$136,586
$136.6K
Cap Rate 9%
$106,233
$106.2K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$14.2K $10.20/SF
− Vacancy
−$540 −$0.39/SF
EGI
$13.7K $9.81/SF
− OpEx
−$4.1K −$2.94/SF
NOI
$9.6K $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%
$191,220
Cap Rate 7%
$136,586
Cap Rate 9%
$106,233
Alternative Uses
Best Use
Multifamily LT 5
$136.6K
$119.5K – $159.4K
NOI $9,561 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$122.2K
$106.9K – $142.6K
NOI $8,555 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$345.3K
$302.2K – $402.9K
NOI $24,174 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, a full bath, and a separate basement.
Where is this duplex located?
The property is located at 8515-8517 KIRSCH Road Erie, PA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, a living room, a full bath, and an individual basement; 1,392 square feet of building area on 0.3444 acres; Built in 1972
