Active

2930 Cherry Street

Erie, PA 16508
Mark as Favorite
Bed 12

Bed

Bath 7

Bath

SqFt6,560

Sqft

Acres0.19

Acre(Lot)

6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals. 83% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income (2025). Upside potential with below market rents. Unit mix: 911± SF office/storefront, 1 bed/1 bath apartment, 2 bed/1 bath apartment, 3 bed/1 bath single family home & two 3 bed/1 bath apartments. Off-street parking for ±14 with paved parking lot for ±9 and 2 private driveways plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus rou tes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70,053 pro forma annual income - $57,959 pro forma NOI. Offered at $645,000 – 9.0% pro forma cap rate.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $645,000

AD Id : 77961676

MLS Id : 190499

Beds : 12

Lot Size : 0.19 Acre

Living Area Size : 6,560

Year Built : 1909

County : Erie

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 7
  • Roofing Information

    See Remarks
  • Interior Features

    Roof: See Remarks
  • Heating & Cooling

    Has Heating: Yes

  • Building Information

    Year Built: 1909 Building Area Total: 6560 Construction Materials: Frame Private Pool: No

  • Lot Information

    Lot Dimensions: 0x0x0x0 Main Square Feet: 0.19 Acres Lot Size Acres: 0.19

  • Listing Price Information

    Listing Price: $645000

  • Tax Information

    Parcel Number: 19-060-044.0-120.00 Tax Year: 2026 Annual Tax: $7444

  • Parking Information

    Parking Total: 14

  • Location Information

    Direction: West side of Cherry Street just south of W. 29th Street at tee with Stafford Avenue. Additional frontage along Maple Street. WaterSource: Public
Sell a home like this and save $38,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2716 Raspberry Street #1, Erie, PA, 16508 $134,900 3 -- 1,188 1,188 SqFt
1901 W 26th Street, Erie, PA, 16508 $350,000 5 -- 5,577 5,577 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. Any use of search functions of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Copyright © 2026 Greater Erie Board of REALTORS®, Inc. All rights reserved.

ByOwner last updated this listing 06/15/2026 @ 14:24

MLS: 190499 LISTED BY: Sherry Bauer, SBRE - Sherry Bauer Real Estate Services 814-453-2000 SOURCE: Greater Erie Board of REALTORS

Selling? Save $38,201 when you sell a home like this

Tour with a ByOwner Agent