Property profile

338 40th W 5th St Erie, PA 16507

OFF-MARKET
Investment properties
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Property ID
US73-5950275
4,816 SF 0.14 ac Built 1872
Last sale Oct 2014·$125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$91k
Assessed land$12k
Assessed improvement$79k
Effective rate3.80%

Value estimate

· Nov 2026
$215k
$194k – $237k
AI approach$205k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$44/SF
Submarket average, outlier-cleaned · 169 recorded sales of this use type
Observed band · Q1–Q3$28 – $65
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R3
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.1
Catering Service8.8
Watch Repair Shop8.8

Location

338 40th W 5th St Erie, PA 16507
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
357 5th, Erie, PA 16507-1242 $150,000 Apr 2025 3,551 SF
223 25th W 2nd, Erie, PA 16507 $252,500 Mar 2025 4,656 SF
261 63rd E 6th, Erie, PA 16507 $330,000 Sep 2024 5,928 SF
512 6th, Erie, PA 16507-2505 $420,000 Oct 2023 5,876 SF
527 6th, Erie, PA 16507-1180 $440,000 Dec 2022 5,391 SF
529 6th, Erie, PA 16507-2547 $440,000 Dec 2022 5,531 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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