Duplex with Detached
For Sale
$219,900
927 W 9th St, Erie, PA 16502
Two residential units have separate utility zones, with additional attic space and a fenced yard.
Property Size3,114 SF
Price / SF$70.62
Days on Market17
Property Features for 927 W 9th St
General Information
Standard status
Active
Size
3,114 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,731
Amenities
fenced yard
Building Details
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Lakeland Realty - Erie
(814) 382-8326
Listed By:
Courtney Headley
(814) 603-2346
Source:
Exprealty
Added: Sep 26
Changed: Oct 10
Last Checked: Oct 11 at 9:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Lakeland Realty - Erie
Investment Insights
Based on property information with market context.
This 3,114-square-foot duplex contains two residential units with separate utilities and zones. The property also includes a fenced yard, a detached two-car garage, and third-floor attic space that may offer the possibility of conversion to another apartment.
The property is at 927 W 9th St in Erie, near downtown, Gannon, shopping, dining, and major routes.
The property is at 927 W 9th St in Erie, near downtown, Gannon, shopping, dining, and major routes.
Key Highlights
- Two residential units in a 3,114‑square‑foot duplex
- Detached two‑car garage
- Third‑floor attic space with potential for conversion to a third apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,138
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,760
$382.8K
Cap Rate 7%
$273,400
$273.4K
Cap Rate 9%
$212,644
$212.6K
Market Conditions
NOI Build-Up for 3,114 SF
Gross rent
$36.2K $11.64/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$34.8K $11.17/SF
− OpEx
−$15.7K −$5.03/SF
NOI
$19.1K $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%
$382,760
Cap Rate 7%
$273,400
Cap Rate 9%
$212,644
Alternative Uses
Best Use
Multifamily LT 5
$305.6K
$267.4K – $356.5K
NOI $21,389 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$772.6K
$676.0K – $901.3K
NOI $54,079 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
793
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have separate utility zones, with additional attic space and a fenced yard.
Where is this duplex located?
The property is located at 927 W 9th St Erie, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two residential units in a 3,114‑square‑foot duplex; Detached two‑car garage; Third‑floor attic space with potential for conversion to a third apartment
