914 HESS Avenue, Erie, PA 16503
MULTI_FAMILY - Other - Erie, PA
- Added:
- Jan 16, 2026
- Days on Market:
- 152
- Last Refresh:
- Jun 17 at 10:06 pm
Property Features for 914 HESS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 15-020-049.0-103.00
- Size
- 1,496 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1209
- Expense value
- 5000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Bob List License #RS367057 (814) 504-8087
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Jan 16, 2026
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.
HighLights
- Duplex with two separate 2‑bedroom units offering flexible living and rental options.
- New roof installed within the last year.
- Newer siding for reduced maintenance costs.
- Strong income potential for investors.
- Well‑maintained property.
- Convenient layout.
Overview
Local Financial Insights For Multifamily LT 5
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 | $15.3k | $10.20 |
| − Vacancy | −$580 | −$0.39 |
| EGI | $14.7k | $9.81 |
| − OpEx | −$4.4k | −$2.94 |
| NOI | $10.3k | $6.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.055463
- Latitude
- 42.136
