1215 E LAKE Road Erie, PA ^$ 79,900

1215 E LAKE Road

^$ 79,900

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1215 E LAKE Road

Erie, PA, 16507

^$ 79,900

Bedrooms4 Baths2.0 Sq 1,760

Monthly Estimate*

^$ 498

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Multi-Family Home for sale in Erie, PA

for $79,900 with 4 bedrooms and 2 full baths. This 1,760 square foot home was built in 1917 on a lot size of 0.0958.

Prime 2-Unit Investment Opportunity in Northeast Erie, PA! Secure a dependable addition to your portfolio with this well-maintained duplex. One unit is occupied by long-term tenants for immediate income, while the second unit is vacant and ready to lease—allowing you to set your own rental terms. Tenants are responsible for all gas and electric, keeping your expenses low. Added bonuses include off-street parking and a 2-car garage for extra rental appeal. Don’t miss this chance to lock in steady cash flow—schedule your private tour today!

Multi-Family Active

Price

^$ 79,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,529

Style

Lot Size

0.0958

Year Built

1917

Town/City

Erie

County/Region

Erie

MLS | Web ID

187268

Features

General

Sewer Public Sewer

Possession Subject To Tenant Rights

Construction Materials Aluminum Siding

Security Deposit 2500

Township Erie

Property Subtype Multi Family

Tax Year 2025

County Erie

Property Type Residential Income

Attached Garage false

Garage Y/N true

Status Active

Directions Bayfront Parkway east on 6th St. between Brandes St. and Hess Ave.

City Erie

Zoning Description R-2

MLS Area 1 - Erie Northeast

Lot Size Units Acres

Tax Annual Amount 1529

Standard Status Active

Tax Assessed Value 38680

Heating Forced Air Gas

Cooling None

High School District City-Erie

Middle/Junior School District City-Erie

Elementary School District City-Erie

Year Built 1917

Year Built Details Actual

Property Condition Good Condition Resale

Roof Composition

Garage Spaces 2

Gross Income 16380

Net Operating Income 11951

Insurance Expense 900

Number Of Units Total 2

MaintenanceExpense 800

Water Sewer Expense 1200

Interior

Air Conditioning Y/N false

Heating Y/N true

Total Baths 2

Total Bedrooms 4

Exterior

Water Source Public

Lot Size Area 0.0958

Building Area Total 1760

Lot Dimensions 36x115x0x0

Lot Size Acres 0.0958

Total Parking 2

Lot Features Level

Parking Features Detached Garage

Road Surface Type Paved

* Excluded Features

List By

Agresti Real Estate

Broker

jake@tryagresti.com

Affordability Calculator

$626

Per Month

Monthly Principal & Interest: $498
Monthly Property Taxes: $127
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Erie, PA

Average List Price ^$288,576

Percent of Sale Price 261%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358928 Elementary School

2358969 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2025	$79,900		Listed Price

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1215 E LAKE Road, Erie, PA, 16507 is a Multi-Family Home for sale at $79,900 with 1,760 sqft and a lot size of 0.0958. 1215 E LAKE Road has 4 bedrooms, 2.0 baths, and was built in 1917. The property's zip code is 16507 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/18/2025.

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1215 E LAKE Road

Multi-Family Home for sale in Erie, PA

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