1041 E 3rd Street
Erie, PA 16507
3
Bed
1
Bath
1,320Sqft
0.08Acre(Lot)
This estate-owned 3-bedroom home offers an affordable option for an investor or owner-occupant ready to make it their own. The first floor features a comfortable flow from the living room to the dining room and kitchen. Upstairs you’ll find three bedrooms and a full bath featuring a classic cast-iron claw-foot tub. Enjoy the spacious covered front porch and partially fenced backyard. Investors—take note! Based on estimated market rent of $1,200/month and estimated expenses, the projected cap rate after repairs is approximately 14.35%. Buyer to independently verify rental income, expenses, and projections. Property is estate-owned and being sold as-is. A great opportunity to add value, build equity, or expand a rental portfolio at an affordable price point
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 7 Has Basement: Yes Basement: Full -
Flooring Information
Carpet -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt Appliances: Gas Oven, Gas Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1944 Building Area Total: 1320 Construction Materials: Asphalt, Vinyl Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 30x121x0x0 Main Square Feet: 0.0833 Acres Lot Size Acres: 0.0833
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Listing Price Information
Listing Price: $65000
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Tax Information
Parcel Number: 14-010-037.0-105.00 Tax Year: 2026 Annual Tax: $1650
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Location Information
Direction: between East Ave and Pennsylvania on the south side of the stree. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 423 East Avenue, Erie, PA, 16507 | $177,900 | 3 | 2 | 1,394 | 0.07 Acre |
| 442 E 5th Street, Erie, PA, 16507 | $125,000 | 4 | 2 | 1,712 | 0.15 Acre |
| 321 Wallace Street, Erie, PA, 16507 | $114,900 | 4 | 1 | 1,344 | 0.06 Acre |
| 317 W 6th Street, Erie, PA, 16507 | $1,250,000 | 4 | 4 | 6,006 | 0.25 Acre |
| 645 Downing Court, Erie, PA, 16507 | $115,000 | 3 | 2 | 1,192 | 0.03 Acre |
| 611 W 6th Street, Erie, PA, 16507 | $596,000 | 6 | 4 | 3,812 | 0.17 Acre |
| 211 Walnut Street, Erie, PA, 16507 | $235,000 | 4 | 2 | 2,602 | 0.16 Acre |
| 935 W 4 Street, Erie, PA, 16507 | $119,900 | 3 | 1 | 1,934 | 0.16 Acre |
| 298 Niagara Pointe Drive, Erie, PA, 16507 | $729,900 | 7 | 6 | 3,890 | 1.11 Acres |
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ByOwner last updated this listing 10/03/2026 @ 14:12
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