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    Property profile & analytics

    3141 47th W 40th St Erie, PA 16506

    • Garden apartment buildings
    • 4,096 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Sep 13, 2024
    Location Intelligence
    Property ID
    US73-2489350
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Park Place Condominiums / Apartment Complex

    Property Details for 3141 47th W 40th St

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Property size
    4,096 SF
    Zone code
    AR
    Property type
    Garden apartment buildings
    APN
    33-082-414.1-001.38
    APU
    33082414100138

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1358
    Latitude
    42.0741
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,410
    $36,000
    $134,500
    $170,500
    -
    $36,000
    $134,500
    $170,500

    Comparable in this City

    • Value Estimation by Request
      66,792 SF

      Pacific Ave

      GARDEN APT, COURT APT (5+ UNITS) • 66,792 SF
      Pacific Ave, Erie, PA 16506
      View Details
    • Value Estimation by Request
      9,932 SF

      Zuck Rd

      GARDEN APT, COURT APT (5+ UNITS) • 9,932 SF
      Zuck Rd, Erie, PA 16506
      View Details
    • Value Estimation by Request
      8,008 SF

      4601 Idyllbrook Vlg Ct, Unit 4835

      GARDEN APT, COURT APT (5+ UNITS) • 8,008 SF
      4601 Idyllbrook Vlg Ct, Erie, PA 16506-5245
      View Details
    • Value Estimation
      $4,895,000
      4,928 SF

      3844 Canterbury Dr, Unit 52

      GARDEN APT, COURT APT (5+ UNITS) • 4,928 SF
      3844 Canterbury Dr, Erie, PA 16506-5322
      View Details
    • Value Estimation
      $155,000
      4,224 SF

      3902 Canterbury Dr, Unit 8

      GARDEN APT, COURT APT (5+ UNITS) • 4,224 SF
      3902 Canterbury Dr, Erie, PA 16506-5325
      View Details
    • Value Estimation
      $625,000
      5,760 SF

      3725 Amherst Rd, Unit 29

      GARDEN APT, COURT APT (5+ UNITS) • 5,760 SF
      3725 Amherst Rd, Erie, PA 16506-2811
      View Details

    Similar Nearby for Sale

    • $400,000
      4,874 SF

      Restaurant and Apartment in Erie

      Restaurant with apartment, fully equipped, remodeled, near Kahkwa Club.
      6116 Swanville Rd, Erie, PA 16506
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    • $400,000
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      Restaurant and Apartment in Erie

      Restaurant with apartment and game room near Kahkwa Club.
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    • $1,579,500
      35.10 Acres

      Erie, PA Multifamily Development Land

      35.1 acre parcel zoned for multifamily development in Erie, PA.
      3111 Zimmerly Rd, Erie, PA 16506
      View Details
    • Contact for pricing
      1.60 Acres

      Erie Industrial Land - Lowe's Outparcel

      Prime Erie location, 1.63+ acres, light industrial.
      2305 Asbury Rd, Erie, PA 16506
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    • $99,900
      0.41 Acres

      Erie, PA Building Site

      Building site in Millcreek neighborhood with utilities at street line.
      Equestrian Dr, Erie, PA 16506
      View Details
    • $360,000
      3,664 SF

      Erie Office Building - Prime Location

      Mixed-use office building, 3,664 sq ft
      3703 Ridge Rd, Erie, PA 16506
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      31,836 SF

      Erie Office Suites for Lease

      Flexible Office Space, All-Inclusive Rates
      2700 21St St, Erie, PA 16506
      View Details
    • $10 SF/Yr
      98,338 SF

      Erie, PA Office Space Available

      Prime West Ridge Rd Office, 2,000 SF Available
      5040 Ridge Rd, Erie, PA 16506
      View Details
    • $16,000 /Mo
      44,074 SF

      Millcreek Development Land For Lease

      Prime commercial land available for lease in Millcreek, Pennsylvania.
      Village Common Dr, Erie, PA 16506
      View Details
    • Contact for pricing

      Erie, PA Commercial Land Parcel

      Prime Development Land in Niagara Village
      0 Village Common Dr, Erie, PA 16506
      View Details
    • $18 SF/Yr
      1,380 SF

      Equipped Oil Change Facility Available

      Fully equipped oil change facility in high-traffic Millcreek corridor.
      3806 W Ridge Rd, Erie, PA 16506
      View Details
    • $485 /Mo
      657 SF

      Single Room Office Suite

      337 SF office suite available for lease.
      2820 W 23Rd St, Erie, PA 16506
      View Details
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    Erie, PA 16506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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