1334 NICHOLSON Street Erie, PA $ 375,000
1334 NICHOLSON Street
$ 375,000
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1334 NICHOLSON Street

Erie, PA, 16509
$ 375,000
Bedrooms5 Baths0.0 Sq 1,845

Monthly Estimate*

$ 2,368

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Multi-Family Home for sale in Erie, PA

for $375,000 with 5 bedrooms. This 1,845 square foot home was built in 1970 on a lot size of 0.314.

Investment Opportunity! Fully occupied triplex in desirable Millcreek Township, conveniently located just minutes from Peach Street with easy access to shopping, restaurants, entertainment, and everyday amenities. Situated on a large corner lot, this income-producing property offers ample off-street parking for tenants and guests. Each unit is occupied, providing immediate cash flow, and tenants enjoy the convenience of laundry hookups. The property features one 1-bedroom apartment and two 2-bedroom apartments, with tenants paying electric and gas while the owner covers water and sewer. Whether you're looking to expand your investment portfolio or purchase your first multifamily property, this well-located, turnkey investment offers strong rental history and long-term potential.

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Multi-Family Active

Price

$ 375,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 3,834

Style

Lot Size

0.314

Year Built

1970

Town/City

Erie

County/Region

Erie

MLS | Web ID

192418

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Construction Materials Vinyl Siding
Security Deposit 7500
Township Millcreek Township
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Status Active
Directions South on Peach from 38th turn R (West) on Nicholson house on right.
City Erie
Zoning Description R-2
MLS Area 6 - Millcreek S of W26
Lot Size Units Acres
Tax Annual Amount 3834
Standard Status Active
Tax Assessed Value 134590
Heating Forced Air Gas
Cooling None
High School District Millcreek
Middle/Junior School District Millcreek
Elementary School District Millcreek
Year Built 1970
Year Built Details Actual
Property Condition Good Condition Resale
Roof Composition
Garage Spaces 0
Architectural Style One and One Half Story
Levels One and One Half
Gross Income 29160
Net Operating Income 19115
Insurance Expense 2942
Number Of Units Total 3
Topography Hill
MaintenanceExpense 300
Water Sewer Expense 2960
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Interior
Air Conditioning Y/N false
Heating Y/N true
Total Bedrooms 5
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Exterior
Water Source Public
Lot Size Area 0.314
Building Area Total 1845
Lot Dimensions 152x127x37x172
Lot Size Acres 0.314
Total Parking 6
Lot Features Corner Lot Irregular Lot Rolling Slope
Road Surface Type Paved
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* Excluded Features
List By
Re/Max Real Estate Group Erie

Broker

aserafini@remax.net

Email

Affordability Calculator

$2,687
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2358936 Elementary School
2358943 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$375,000 Listed Price

Map


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1334 NICHOLSON Street, Erie, PA, 16509 is a Multi-Family Home for sale at $375,000 with 1,845 sqft and a lot size of 0.314. 1334 NICHOLSON Street has 5 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 16509 which is in Erie, PA