1224 26 W 40TH Street Erie, PA ^$ 259,000

1224 26 W 40TH Street

^$ 259,000

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1224 26 W 40TH Street

Erie, PA, 16509

^$ 259,000

Bedrooms5 Baths2.0 Sq 1,800

Monthly Estimate*

^$ 1,616

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Multi-Family Home for sale in Erie, PA

for $259,000 with 5 bedrooms and 2 full baths. This 1,800 square foot home was built in 1968 on a lot size of 0.1405.

Check out this great investment opportunity in the heart of Erie! This well-maintained duplex at 1224-26 West 40th Street offers separate utilities, individual driveways, and garages for each unit. Both two-story units feature spacious layouts, private yards, washer and dryer access, and their own basements. One unit is already occupied, providing immediate rental income, while the other is ready for an owner-occupant or new tenant. Conveniently located near shopping, schools, and major amenities, this property is perfect for investors seeking stable cash flow or buyers looking to live in one unit and rent out the other. Schedule your showing today!

Multi-Family Active

Price

^$ 259,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,140

Style

Lot Size

0.1405

Year Built

1968

Town/City

Erie

County/Region

Erie

MLS | Web ID

188617

Features

General

Sewer Public Sewer

Possession Close Of Escrow

Construction Materials Brick Vinyl Siding

Security Deposit 7000

Township Erie

Property Subtype Multi Family

Tax Year 2025

County Erie

Property Type Residential Income

Garage Y/N true

Status Active

Directions 1224-26 W 40th Street Erie PA 16509

City Erie

Zoning Description R-1

MLS Area 3 - Erie Southwest

Lot Size Units Acres

Tax Annual Amount 5140

Standard Status Active

Tax Assessed Value 130000

Heating Baseboard Gas

Cooling Window Unit(s)

High School District City-Erie

Middle/Junior School District City-Erie

Elementary School District City-Erie

Year Built 1968

Year Built Details Actual

Property Condition Good Condition Resale

Roof Asphalt

Garage Spaces 2

Architectural Style Two Story

Stories Count 2

Levels Two

Gross Income 34800

Net Operating Income 29660

Number Of Units Total 2

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 2

Total Bedrooms 5

Exterior

Water Source Public

Lot Size Area 0.1405

Building Area Total 1800

Lot Dimensions 64x29x0x0

Lot Size Acres 0.1405

Total Parking 4

Lot Features Level

Parking Features Attached

Road Surface Type Paved

Road Frontage Type Private Road

* Excluded Features

List By

Exp Realty - Erie

Broker

isaiah.rodgers@exprealty.com

Affordability Calculator

$2,044

Per Month

Monthly Principal & Interest: $1,616
Monthly Property Taxes: $428
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

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 ^$292,144

Percent of Sale Price 13%

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
11/19/2025	$259,000	-4.04%	Price Down
11/7/2025	$269,900	-3.57%	Price Down
10/29/2025	$279,900		Listed Price

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1224 26 W 40TH Street, Erie, PA, 16509 is a Multi-Family Home for sale at $259,000 with 1,800 sqft and a lot size of 0.1405. 1224 26 W 40TH Street has 5 bedrooms, 2.0 baths, and was built in 1968. The property's zip code is 16509 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 12/25/2025.

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1224 26 W 40TH Street

Multi-Family Home for sale in Erie, PA

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