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Property profile & analytics
OFF-MARKET Estimated value $60,000
Investment properties

2603 Chestnut St Erie, PA 16508-1722

4,301 SF 0.06 ac lot Built 1922
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US73-2298836
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1922
Construction FRAME
Total area 4,301 SF
Lot 0.06 ac (2,400 SF)
Zoning code RLB
APN 19-060-050.0-224.00
UPID US73-2298836
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$65k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k
Owner & transaction history
Devore Kerr Realty LLC · 5 yrs held
Devore Kerr Realty LLC
since 2021
Last sale
$72,500
6 recorded transactions
2021
$72,500
2019
Price N/A
2019
$81,250
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial or manufacturing districts. 202.3. Commercial districts. Districts designated for commercial use are more restrictive in outlying residential…

Zone name Residential Limited Business
General category INDUSTRIAL
Zone area 792.40 ac
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