Back to search
22 UNIT INVESTMENT PACKAGE Erie, PA $ 1,200,000
Share Save
$ 1,200,000 Get more info
22 UNIT INVESTMENT PACKAGE
$ 1,200,000
Back to search
Share Save

22 UNIT INVESTMENT PACKAGE

Erie, PA, 16503
$ 1,200,000
Bedrooms45 Baths0.0 Sq 23,690

Monthly Estimate*

$ 7,486

22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 1
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 2
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 3
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 4
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 5
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 6
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 7
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 8
22 UNIT INVESTMENT PACKAGE, Erie, PA 16503 - Image 9

Multi-Family Home for sale in Erie, PA

for $1,200,000 with 45 bedrooms. This 23,690 square foot home was built on a lot size of 0.65.

This 22-unit investment portfolio with an additional vacant parcel is a high yield opportunity delivering real cash flow and strong returns. With an annual rent roll of $197,700 and expenses of just $51,465, the portfolio produces a solid NOI of $144,783, translating to an 12% cap rate, 28% cash-on-cash return, and 1.89 DSCR. The properties include a mix of 2, 3, 4, and 5-unit buildings across NE Erie, offering a balanced spread of units and steady occupancy. Strong in place performance with clear potential to further increase income and long-term value. Don’t miss your chance to own this income-producing portfolio.

See more
Multi-Family Active

Price

$ 1,200,000

Bedrooms

45

Property Type

Multi-Family

Taxes

$ 12,486

Style

Lot Size

0.65

Town/City

Erie

County/Region

Erie

MLS | Web ID

188805
Features
General
Sewer Public Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Mixed
Security Deposit 25000
Township Erie
Property Subtype Multi Family
Tax Year 2025
County Erie
Property Type Residential Income
Status Active
Directions No Directions. This is a 22 unit listing with 9 different addresses.
City Erie
Zoning Description Residential
MLS Area 1 - Erie Northeast
Lot Size Units Acres
Tax Annual Amount 12486
Standard Status Active
Tax Assessed Value 315800
Heating Forced Air Gas
Cooling See Remarks
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built Details Unknown
Property Condition Unknown
Roof See Remarks
Garage Spaces 0
Architectural Style See Remarks
Gross Income 197700
Net Operating Income 144783
Insurance Expense 4820
Number Of Units Total 0
MaintenanceExpense 11000
See more
Interior
Heating Y/N true
Total Bedrooms 45
See more
Exterior
Water Source Public
Lot Size Area 0.65
Building Area Total 23690
Lot Dimensions 0x0x0x0
Lot Size Acres 0.65
Road Surface Type Paved
See more
* Excluded Features
List By
Agresti Real Estate

Broker

natasha@tryagresti.com

Email

Affordability Calculator

$8,527
Per Month
88%
12%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$1,041
Monthly 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2358928 Elementary School
2358969 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/12/2025$1,200,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

22 UNIT INVESTMENT PACKAGE, Erie, PA, 16503 is a Multi-Family Home for sale at $1,200,000 with 23,690 sqft and a lot size of 0.65. 22 UNIT INVESTMENT PACKAGE has 45 bedrooms and 0.0 baths. The property's zip code is 16503 which is in Erie, PA

Get more info