1029 31 EAST Avenue Erie, PA $ 389,900
1029 31 EAST Avenue
$ 389,900
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1029 31 EAST Avenue

Erie, PA, 16503
$ 389,900
Bedrooms6 Baths0.0 Sq 7,667

Monthly Estimate*

$ 2,401

1029 31 EAST Avenue, Erie, PA 16503 - Image 1
1029 31 EAST Avenue, Erie, PA 16503 - Image 2
1029 31 EAST Avenue, Erie, PA 16503 - Image 3
1029 31 EAST Avenue, Erie, PA 16503 - Image 4

Multi-Family Home for sale in Erie, PA

for $389,900 with 6 bedrooms. This 7,667 square foot home was built in 1909 on a lot size of 0.1121.

Positioned within a commercial zoning district allowing a variety of retail, office and service uses, this property includes two storefront units and six residential units (four 1 bedroom apartments and two efficiency units), all currently leased and generating steady income. This property also features a 30' x 40' warehouse/garage space offering additional flexibility for future rental income, use, or storage. Corner location provides strong visibility, accessibility, and consistent traffic exposure with convenient access to ,major roadways, public transportation and nearby amenities. The diversified unit mix enhances occupancy stability and supports consistent rental demand, offering a solid, income-generating opportunity in an established area of Erie.

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Multi-Family Active

Price

$ 389,900

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 2,967

Style

Lot Size

0.1121

Year Built

1909

Town/City

Erie

County/Region

Erie

MLS | Web ID

190291

Features
General
Sewer Public Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Mixed
Security Deposit 10000
Township Erie
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Status Active
Directions From downtown Erie head east on E 12th St. Turn left onto East Ave. Property is on the right.
City Erie
Zoning Description C-4
MLS Area 1 - Erie Northeast
Lot Size Units Acres
Tax Annual Amount 2967
Standard Status Active
Tax Assessed Value 72600
Heating Forced Air Gas
Cooling Window Unit(s)
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1909
Roof Metal
Garage Spaces 6
Architectural Style Two Story
Stories Count 2
Levels Two
Gross Income 63300
Net Operating Income 54771
Number Of Units Total 8
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 6
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Exterior
Water Source Public
Lot Size Area 0.1121
Building Area Total 7667
Lot Dimensions 41x118x0x0
Lot Size Acres 0.1121
Total Parking 4
Lot Features Corner Lot
Road Surface Type Paved
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* Excluded Features
List By
Agresti Real Estate

Broker

steve@tryagresti.com

Email

Affordability Calculator

$2,648
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$247
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$389,900 Listed Price

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1029 31 EAST Avenue, Erie, PA, 16503 is a Multi-Family Home for sale at $389,900 with 7,667 sqft and a lot size of 0.1121. 1029 31 EAST Avenue has 6 bedrooms, 0.0 baths, and was built in 1909. The property's zip code is 16503 which is in Erie, PA