Residential Income

Erie, PA Residential Income Properties for Sale

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Mixed-Use Development Site
Updated: Sep 2
Mixed-Use Development Site

4912 & 4916 W RIDGE Road, Erie, PA 16506

$1,200,000
9,131 sqft 4.25 AC lot
4.25‑acre site with MU‑2 zoning
Existing improvements include a shop, a two‑unit rental, and a mobile home
Access extends between W 26th Street and W 23rd Street
Utilities are present on site
Surrounded by Wegmans, Chipotle, Starbucks, PNC, and Erie Insurance
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Commercial Development Site
Updated: Sep 2
Commercial Development Site

4912 W RIDGE Road, Erie, PA 16506

$850,000
9,131 sqft 3.13 AC lot
MU‑2 zoning
Utilities are on site
Existing shop built in 1980
Two‑unit residential rental and mobile home on the property
Frontage along US RT 20 with access between W 26th and W 23rd streets
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Mobile Home Park with Garage
Mobile Home Park with Garage

3216 BUFFALO Road, Erie, PA 16510

$749,900
7,354 sqft 1.23 AC lot

Mixed residential income property includes mobile home pads, rental rooms, an apartment, and a newer garage.

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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
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28-Unit Motel and Rental Home Property
28-Unit Motel and Rental Home Property

3056 W 12th St, Erie, PA 16505

$950,000
4,904 sqft

Offers daily, weekly, and monthly rentals with a front office and additional rear space.

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Furnished Short-Term Rental Apartments
Furnished Short-Term Rental Apartments

243-257 W 26TH Street, Erie, PA 16508

$1,349,600
8,904 sqft

Renovated, furnished short-term rental portfolio positioned across from Saint Vincent Hospital.

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Mixed-Use Property with Storefronts
Mixed-Use Property with Storefronts

Erie, PA 16510

$200,000
11,000 sqft 0.14 AC lot

Vacant commercial and residential building with a basement, public water and sewer, and substantial rehabilitation needs.

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14-Unit Apartment Building
14-Unit Apartment Building

3082 W 12TH Street, Erie, PA 16505

$1,299,900
6,343 sqft 1.14 AC lot

Two-building multifamily property with one-bedroom apartments, efficiencies, public utilities, and MU-2 Corridor Mixed Use zoning.

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Mobile Home Park with Rooming House
Mobile Home Park with Rooming House

3216 Buffalo Rd, Erie, PA 16510

$749,900
7,354 sqft 1.23 AC lot

Mixed residential income property combines mobile home pads with rental rooms, an apartment, and a detached garage.

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Mixed-Use Property with Storefronts
Mixed-Use Property with Storefronts

Erie, PA 16510

$200,000
11,000 sqft 0.14 AC lot

The vacant building needs substantial rehabilitation, with public water and sewer already in place.

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Waterfront Duplex
Waterfront Duplex

3145 LAKE FRONT Drive, Erie, PA 16505

$689,000
2,049 sqft 0.10 AC lot

Eight-bedroom residential property with year-round Lake Erie access and indoor-outdoor living connections.

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Mixed-Use Property with Four Units
Mixed-Use Property with Four Units

2931 Maple St, Erie, PA 16508

$360,000
4,850 sqft 0.12 AC lot

Includes a commercial storefront, three residential rentals, and separately metered utilities.

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Brick Duplex with Attached Apartment
Brick Duplex with Attached Apartment

2547 - 2547 1/2 W 10TH Street, Erie, PA 16505

$225,000
1,360 sqft 1.08 AC lot

A brick ranch residence includes a separate attached apartment and an oversized garage.

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Duplex with Remodeled Unit
Duplex with Remodeled Unit

4916 W RIDGE Road, Erie, PA 16506

$375,000
1,984 sqft 1.12 AC lot

MU-2 zoning allows consideration of residential, retail, office, service, medical, commercial, and mixed-use development.

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14-Unit Apartment Property
14-Unit Apartment Property

3082 W 12th St, Erie, PA 16505

$1,299,900
6,343 sqft

Two-building multifamily property with varied unit layouts and mixed single-story and two-story configurations.

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Six-Unit Apartment Buildings
Six-Unit Apartment Buildings

218 E 10TH Street, Erie, PA 16503

$305,000
6,481 sqft 0.16 AC lot

Fully occupied residential property arranged across front and rear apartment buildings.

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Duplex with Sunporch
Duplex with Sunporch

3305 CASCADE Street, Erie, PA 16504

$165,000
1,654 sqft 0.30 AC lot

Two distinct unit layouts include a lower residence with garage and basement access.

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Remodeled Two-Unit Duplex
Remodeled Two-Unit Duplex

4916 W Ridge Rd, Erie, PA 16506

$375,000
1,984 sqft

Income-producing residential property with a remodeled first-floor unit and MU-2 zoning supporting broader future use options.

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Two-Unit Duplex with Garage
Two-Unit Duplex with Garage

2103 STATION Road, Erie, PA 16510

$280,000
1,637 sqft 0.22 AC lot

Recent updates include windows, roofing, and furnaces, with forced-air natural gas heat.

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Duplex with Detached Two-Car Garage
Duplex with Detached Two-Car Garage

611 Smithson Ave, Erie, PA 16511

$177,900
1,752 sqft

Two separate apartments include laundry hookups and secure basement storage for each unit.

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Residential Income Property
Residential Income Property

3669 SHANNON Road, Erie, PA 16510

$149,900
10,664 sqft 3.65 AC lot

A 3.65-acre parcel includes an existing building with 10,664 square feet of interior area.

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Duplex with Detached Garage
Duplex with Detached Garage

145 E 21st St, Erie, PA 16502

$139,000
1,848 sqft

Two separate units feature updated kitchens and baths, with a detached garage and rear deck.

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Fully Occupied Triplex
Fully Occupied Triplex

1334 NICHOLSON Street, Erie, PA 16509

$334,900
1,845 sqft 0.31 AC lot

Three-apartment property with a one-bedroom and two two-bedroom units, off-street parking, and laundry hookups.

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Duplex with Two-Bedroom Upper Unit
Duplex with Two-Bedroom Upper Unit

3305 Cascade St, Erie, PA 16508

$165,000
1,654 sqft

A two-unit layout pairs a larger lower residence with a compact upper apartment.

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Mixed-Use Property With Additional Land
Mixed-Use Property With Additional Land

1901 W 26TH Street, Erie, PA 16508

$350,000
5,577 sqft 0.50 AC lot

Package includes vacant commercial space, an occupied two-unit residence, and a separate vacant lot under C-2 zoning.

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Erie, PA Residential Income Properties Market Trends and Statistics

Explore 91 residential income properties for sale in Erie, PA, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 682,753 square feet of properties for sale, with an estimated market value of $34,583,400.

Sale prices for residential investment properties in Erie, PA start at $49,950, averaging $397,510, and reaching up to $3,799,900 — 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

Multifamily properties 89
Duplexes 51
Apartment buildings 15
Triplexes 9
Short term rental properties 6

Demographics Overview

Population 180K
Population Growth (5Y) -2.4%
Median Household Income $59,151
College Educated 18.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
16507 $146K
16504 $150.4K
16503 $241.5K
16509 $308.3K
16506 $332.7K

Taxes & Financing

Tax Rate (average for all types) 2.94%
Property Tax per SF $35.87 per SF
Tax Rate vs County Average 0.49 pp above 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 Residential Income pricing trends in Erie County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Erie fall within the 100,000+ square foot range.

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