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
-
Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Cooling: None
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Building Information
Year Built: 1925 Building Area Total: 1320 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: on south side of the street between East Ave and Pennsylvania WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1201 E Lake Road, Erie, PA, 16507 | $99,900 | 1 | -- | 2,256 | 0.11 Acre |
| 717 E 4th Street, Erie, PA, 16507 | $100,000 | 4 | -- | 2,136 | 0.11 Acre |
| 415 E 3rd Street, Erie, PA, 16507 | $120,000 | 6 | -- | 2,592 | 0.12 Acre |
| 437 W 4th Street, Erie, PA, 16507 | $198,500 | 9 | 3 | 4,675 | 0.19 Acre |
| 937 W 3rd Street, Erie, PA, 16507 | $69,900 | 5 | -- | 1,752 | -- |
Similar Multifamily To 1041 E 3rd Street
Nearby For Sale
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ByOwner last updated this listing 09/30/2026 @ 19:17
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