71 Unit Investment Package
Erie, PA 16502
110
Bed
0
Bath
68,288Sqft
3.53Acres(Lot)
This 71-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding $54,000/month and $655,000+ annually. With actual expenses at just $218,000, you’re netting over $437,000/year in NOI — that’s an 11.5+% cap rate, 27% cash-on-cash return, and a 1.89 DSCR. The well-maintained properties include a mix of multi-units (9, 5, 4, 3, and several 2-units) and single-family homes spread throughout NW, NE, SW, and SE Erie. Step into a fully operational business with an experienced property manager in place, handling leasing, maintenance, lawn care, and more. Seller-owned for years and now retiring — don’t miss this chance to buy instant equity and own a high-performing, turn-key investment. If sold separately, the package could be worth a lot more. Seize this grand
Property Details
Map
Map
Features
-
Bedroom Information
Total beds: 110 -
Roofing Information
See Remarks -
Interior Features
Roof: See Remarks -
Heating & Cooling
Has Heating: Yes Heating: See Remarks
-
Building Information
Building Area Total: 68288 Private Pool: No
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Lot Information
Lot Dimensions: 0x0x0x0 Main Square Feet: 3.53 Acres Lot Size Acres: 3.53
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Listing Price Information
Listing Price: $3799900
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Tax Information
Parcel Number: 00-000-000.0-000.00 Tax Year: 2025 Annual Tax: $45717
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Location Information
Direction: No directions as this is a 71 unit (41 individual properties) listing. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 234 W 20th Street, Erie, PA, 16502 | $169,900 | 6 | 4 | 6,236 | 6,236 SqFt |
| 329 W 20th Street, Erie, PA, 16502 | $84,900 | 5 | -- | 2,077 | 2,077 SqFt |
| 263 W 18th Street, Erie, PA, 16502 | $210,000 | 12 | -- | 2,822 | 2,822 SqFt |
| 431 W 18th Street, Erie, PA, 16502 | $93,240 | 4 | -- | 1,485 | 1,485 SqFt |
| 505 W 18th Street, Erie, PA, 16502 | $150,000 | 4 | -- | 2,250 | 2,250 SqFt |
| 226 W 8th Street, Erie, PA, 16502 | $440,000 | 11 | -- | 5,805 | 5,805 SqFt |
| 348 W 9th Street, Erie, PA, 16502 | $165,000 | 4 | -- | 2,045 | 2,045 SqFt |
| 519 W 8th Street, Erie, PA, 16502 | $230,000 | 6 | -- | 2,736 | 2,736 SqFt |
| 1134 W 9th Street, Erie, PA, 16502 | $110,000 | 4 | 2 | 2,963 | 2,963 SqFt |
| 406 Raspberry Street, Erie, PA, 16502 | $129,900 | 5 | -- | 1,840 | 1,840 SqFt |
Similar Multifamily To 71 Unit Investment Package
Nearby For Sale
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ByOwner last updated this listing 08/28/2026 @ 21:15
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