3006 Cherry Street
Erie, PA 16508
6
Bed
2
Bath
1,710Sqft
0.07Acre(Lot)
2-Unit, multi-family investment property for sale. 1,710± SF two-story, 2-unit, flat-style building with two 3 bedroom, 1 bathroom apartments. Fully occupied. Landlord owned appliances included: refrigerator, range, washer & dryer in each unit. Forced air gas heat & central air conditioning. Off-street parking for ±3 in private driveway plus street parking. Separately metered gas & electric. $19,170 Annual income & $15,518 net operating income (actual 2025) – offered at 11.5% cap rate. Upside potential with below market rental rates. $23,940 Pro forma annual income & $20,169 pro forma NOI, a 14.9% pro forma cap rate. Centrally located just 0.4 miles (3 blocks) from Erie High School, near Peach Street’s retail/service corridor & public bus routes. Zoned Traditional Single Family in the City
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 2 -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1908 Building Area Total: 1710 Construction Materials: Frame Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 40x75x0x0 Main Square Feet: 0.0689 Acres Lot Size Acres: 0.0689
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Listing Price Information
Listing Price: $135000
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Tax Information
Parcel Number: 19-060-044.0-117.00 Tax Year: 2026 Annual Tax: $2584
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Parking Information
Parking Total: 3
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Location Information
Direction: West side of Cherry Street just south of W. 29th Street at tee with Stafford Avenue. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 243-257 W 26th Street, Erie, PA, 16508 | $1,349,600 | 24 | 10 | 8,904 | 8,904 SqFt |
| 2931 Maple Street, Erie, PA, 16508 | $360,000 | 6 | -- | 4,850 | 4,850 SqFt |
| 2676 Maple Street, Erie, PA, 16508 | $109,900 | 3 | -- | 1,496 | 1,496 SqFt |
| 815 W 28th Street, Erie, PA, 16508 | $169,900 | 3 | 3 | 2,249 | 2,249 SqFt |
| 708 W 26th Street, Erie, PA, 16508 | $119,900 | 5 | -- | 1,976 | 1,976 SqFt |
| 1163 W 27th Street, Erie, PA, 16508 | $180,000 | 7 | -- | 4,044 | 4,044 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 08/16/2026 @ 12:48
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