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422 WALNUT Street Erie, PA $ 134,900
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422 WALNUT Street
$ 134,900
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422 WALNUT Street

Erie, PA, 16507
$ 134,900
Bedrooms5 Baths3.0 Sq 2,144

Monthly Estimate*

$ 831

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Multi-Family Home for sale in Erie, PA

for $134,900 with 5 bedrooms and 3 full baths. This 2,144 square foot home was built in 1892 on a lot size of 0.07.

Superb three-unit rental property in the heart of downtown Erie close to Gannon University with solid rental history. 3-bedroom unit upstairs currently rented by same tenant for almost 8 years. Lower two units freshly updated and ready to lease. Updates to the property include all new electrical wiring with separate service panels in each unit, new copper water supply lines, baseboard heat, windows, siding, soffits, gutters, roof (2013/2023), 3 new refrigerators, 2 new hot water tanks and other is newer, new carpeting in first floor 2-bedroom unit, new front sidewalk. Each unit has refrigerator, electric range, built-in microwave. Washer/dryer included in 2-bedroom unit, washer/dryer hookups in 3-bedroom unit.

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Multi-Family Active

Price

$ 134,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 613

Style

Lot Size

0.07

Year Built

1892

Town/City

Erie

County/Region

Erie

MLS | Web ID

191586
Features
General
Sewer Public Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Vinyl Siding
Security Deposit 3000
Township Erie
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Status Active
Directions W. 12th St. to north on Cherry St. east on W. 10th St. north on Walnut St. House on the west side of the street.
City Erie
Zoning Description R-2
MLS Area 2 - Erie Northwest
Lot Size Units Acres
Tax Annual Amount 613
Standard Status Active
Tax Assessed Value 15000
Heating Baseboard Electric
Cooling Window Unit(s)
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1892
Roof Composition
Garage Spaces 0
Architectural Style Two Story
Stories Count 2
Levels Two
Gross Income 26385
Net Operating Income 23339
Insurance Expense 734
Number Of Units Total 3
MaintenanceExpense 625
Water Sewer Expense 2415
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 3
Total Bedrooms 5
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Exterior
Water Source Public
Lot Size Area 0.07
Building Area Total 2144
Lot Dimensions 40x82x0x0
Lot Size Acres 0.07
Lot Features Level
Road Surface Type Paved
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* Excluded Features
List By
Howard Hanna Erie Airport

Broker

markkibbe@howardhanna.com

Email

Affordability Calculator

$882
Per Month
94%
6%
0%
Monthly Principal & Interest
$831
Monthly Property Taxes
$51
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/22/2026$134,900 Listed Price

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422 WALNUT Street, Erie, PA, 16507 is a Multi-Family Home for sale at $134,900 with 2,144 sqft and a lot size of 0.07. 422 WALNUT Street has 5 bedrooms, 3.0 baths, and was built in 1892. The property's zip code is 16507 which is in Erie, PA

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