Multifamily

Lake City, PA Multifamily Properties for Sale

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Lake City Income Property
Updated: Feb 12
Lake City Income Property

10064 RAILROAD Street, Lake City, PA 16423

$79,900
1,530 sqft 0.25 AC lot
Money‑making 3‑unit property in Lake City with long‑term tenants already in place
Owner currently pays utilities; public utilities include public water and public sewer
Detached garage on‑site that could generate additional rental income or be leased for storage
Built in 1900 with aluminum siding, asphalt shingle roof, and electric baseboard heating
Unit layout includes Bedroom 1–4 and Bathrooms 1–3
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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multifamily Property with Restaurant Space
Multifamily Property with Restaurant Space

7860 W RIDGE Road, Fairview, PA 16415

$549,900
7,564 sqft 2.84 AC lot

For sale in Fairview: multifamily building with existing restaurant space and new roof, HVAC, and updated plumbing.

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Mixed-Use Restaurant and Apartments
Mixed-Use Restaurant and Apartments

7860 W RIDGE Road, Fairview, PA 16415

$549,900
7,564 sqft 2.84 AC lot

Property includes an existing restaurant space and 15+ apartment units, with ample parking and an outbuilding.

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Two-Unit Residential Income Duplex
Two-Unit Residential Income Duplex

121 VINE Street, Girard, PA 16417

$140,000
1,448 sqft 0.17 AC lot

Two-story duplex offers flexible configuration with multiple rooms, enclosed porch, metal roof, and partial basement with crawl space.

View details
Two-Unit Residential Income Property
Two-Unit Residential Income Property

6 VINE Street, Girard, PA 16417

$110,000
1,454 sqft 0.20 AC lot

Second-floor unit is move-in ready with in-unit laundry, complemented by off-street parking and a large fenced backyard.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Lot in Vernon Township
Residential Lot in Vernon Township

10312 PERRY Highway, Meadville, PA 16335

$34,900
0.63 AC lot

0.63 acre residential lot with utilities in Vernon Township, PA.

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Cleared Land with Development Potential
Cleared Land with Development Potential

Fredonia, NY 14063

$125,900
22.00 AC lot

22-acre cleared land near Lake Erie with utilities.

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Eastlake Marina District Land
Eastlake Marina District Land

35783 Lake Shore Boulevard, Eastlake, OH 44095

$765,000
5.66 AC lot

5.66 acres in Eastlake's Marina District, primed for development.

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Buildable Lot Near Niagara Falls
Buildable Lot Near Niagara Falls

1931 Falls Street, Niagara Falls, NY 14303

Contact for pricing
0.08 AC lot

Vacant land suitable for development near attractions.

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Off-Market Properties in Lake City, PA

Consider similar Off-Market properties in Lake City, PA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

10118 Hall Ave
GARDEN APT, COURT APT (5+ UNITS)

10118 Hall Ave, Lake City, PA 16423-1281

Value Estimation by Request
5,928 sqft 0.18 AC lot
View details
9860 Lk Rd
GARDEN APT, COURT APT (5+ UNITS)

9860 Lk Rd, Lake City, PA 16423-1903

$945,000
Estimated value
13,008 sqft 3.57 AC lot
View details
10524 Rdg Rd
GARDEN APT, COURT APT (5+ UNITS)

10524 Rdg Rd, Lake City, PA 16423

Value Estimation by Request
3,228 sqft 4.45 AC lot
View details
1901 Fall Dr
GARDEN APT, COURT APT (5+ UNITS)

1901 Fall Dr, Lake City, PA 16423-1400

Value Estimation by Request
3,480 sqft 0.54 AC lot
View details
10112 Dillin Dr
GARDEN APT, COURT APT (5+ UNITS)

10112 Dillin Dr, Lake City, PA 16423-1877

Value Estimation by Request
3,536 sqft 3.49 AC lot
View details
9941 Smith St
GARDEN APT, COURT APT (5+ UNITS)

9941 Smith St, Lake City, PA 16423-1431

Value Estimation by Request
3,132 sqft 0.36 AC lot
View details
9945 Smith St
GARDEN APT, COURT APT (5+ UNITS)

9945 Smith St, Lake City, PA 16423-1430

Value Estimation by Request
3,132 sqft 0.34 AC lot
View details
1870 Fall Dr
GARDEN APT, COURT APT (5+ UNITS)

1870 Fall Dr, Lake City, PA 16423-1428

Value Estimation by Request
3,364 sqft 0.38 AC lot
View details
1840 Fall Dr
GARDEN APT, COURT APT (5+ UNITS)

1840 Fall Dr, Lake City, PA 16423-1426

Value Estimation by Request
3,132 sqft 0.38 AC lot
View details
1847 Fall Dr
GARDEN APT, COURT APT (5+ UNITS)

1847 Fall Dr, Lake City, PA 16423-1427

Value Estimation by Request
4,640 sqft 0.38 AC lot
View details
1871 Fall Dr
GARDEN APT, COURT APT (5+ UNITS)

1871 Fall Dr, Lake City, PA 16423-1429

Value Estimation by Request
3,132 sqft 0.26 AC lot
View details
1515 Billings Dr
GARDEN APT, COURT APT (5+ UNITS)

1515 Billings Dr, Lake City, PA 16423

Value Estimation by Request
4,209 sqft 1.60 AC lot
View details
291 Elk Crk Rd
MOBILE HOME PARK, TRAILER PARK

291 Elk Crk Rd, Lake City, PA 16423-1712

Value Estimation by Request
240 sqft 39.38 AC lot
View details
1015 Cherry St, Unit 1135
GARDEN APT, COURT APT (5+ UNITS)

1015 Cherry St, Lake City, PA 16423-1265

Unit 1135
$780,000
Estimated value
15,585 sqft 2.40 AC lot
View details
10067 Rte 5th 5
MOBILE HOME PARK, TRAILER PARK

10067 Rte 5th 5, Lake City, PA 16423

Value Estimation by Request
3.16 AC lot
View details

Lake City, PA Multifamily Properties Market Trends and Statistics

Explore 16 multifamily properties for sale in Lake City, PA on our real estate platform. These investment opportunities span a total of 1,530 square feet of properties for sale, with an estimated market value of $79,900.

Sale prices for multifamily properties in Lake City, PA average $79,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Triplexes 1

Demographics Overview

Population 3,880
Population Growth (5Y) -9.3%
Median Household Income $73,523
College Educated 42.7%

High-Yield Neighborhoods for Investment

Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
16423 $79.9K

Taxes & Financing

Tax Rate (average for all types) 2.85%
Property Tax per SF $64.90 per SF
Tax Rate vs County Average 0.01 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Erie County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Erie County

Residential Income

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