942 BROWN Avenue, Erie, PA 16502
MULTI_FAMILY - Other - Erie, PA
- Added:
- Jun 30, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 2 at 10:06 pm
Property Features for 942 BROWN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking
- 3
- Standard status
- Active
- APN
- 19-060-026.0-116.00
- Size
- 2,896 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4758
- 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
- 1905
- Number of units
- 3
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Nicholas Marinelli License #AB062182L (814) 806-6300
Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA (814) 459-9400
Listing date Jun 30, 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
- 3‑unit property built in 1905 with vinyl siding and an asphalt roof
- Each unit is a New York‑style loft with vaulted ceilings, fireplaces, and open living spaces
- Unit layout features 2 bedrooms per unit across the 3 apartments
- Heating includes forced air with natural gas
- Public water and public sewer
- On‑site laundry and off‑street parking included
Overview
The property is located at 942 BROWN Avenue in Erie, Pennsylvania. Set on a relatively small lot, the site supports a compact multi-family setup designed for efficient on-site operations.
Given its furnished condition and current suitability as a rotating short-term business rental for traveling professionals, this property may fit buyers looking for a ready-to-deploy short-term rental or a residence with rental income. With three separate apartments and shared on-site amenities, it can also work for buyers who plan to rent individual units to complement owner occupancy. Because specific operating history and performance figures are not provided, interested buyers should evaluate local rental conditions and their intended management approach during due diligence.
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 | $29.5k | $10.20 |
| − Vacancy | −$1.1k | −$0.39 |
| EGI | $28.4k | $9.81 |
| − OpEx | −$8.5k | −$2.94 |
| NOI | $19.9k | $6.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.09594
- Latitude
- 42.108403
