2318-2320 CHERRY Street Erie, PA $ 109,900
2318-2320 CHERRY Street
$ 109,900
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2318-2320 CHERRY Street

Erie, PA, 16502
$ 109,900
Bedrooms4 Baths2.0 Sq 2,288

Monthly Estimate*

$ 759

2318-2320 CHERRY Street, Erie, PA 16502 - Image 1
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Multi-Family Home for sale in Erie, PA

for $109,900 with 4 bedrooms and 2 full baths. This 2,288 square foot home was built in 1924 on a lot size of 0.1177.

Great investment opportunity in Southwest Erie! This well-maintained two-unit property offers excellent potential for investors or owner-occupants. Each unit features 2 bedrooms, 1 full bathroom, a kitchen, living room, dining room, and access to a covered balcony or porch. Both units have access to the basement, which is equipped with individual washers and dryers for added convenience. Separate utilities provide independent billing for each unit. The property also includes a two-car garage, a fenced yard, and a desirable corner lot location. Recent updates include replacement windows in 2019. The roof was replaced approximately 20 years ago with 50-year shingles. With a functional layout, desirable amenities, and the opportunity to generate rental income from two separate units, this property is a great addition to any investment portfolio. Don't miss the opportunity to own a versatile multi-unit property in Southwest Erie!

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Multi-Family Active

Price

$ 109,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,488

Style

Lot Size

0.1177

Year Built

1924

Town/City

Erie

County/Region

Erie

MLS | Web ID

193641

Features
General
Sewer Public Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Asphalt
Security Deposit 2000
Township Erie
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Attached Garage false
Garage Y/N true
Status Active
Directions W. 26th Street north on Cherry Street to corner of W. 24th St.
City Erie
Zoning Description R-2
MLS Area 3 - Erie Southwest
Lot Size Units Acres
Tax Annual Amount 2488
Standard Status Active
Tax Assessed Value 77200
Heating Forced Air Gas
Cooling Central Air
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1924
Property Condition Resale
Roof Composition
Garage Spaces 2
Architectural Style Two Story
Stories Count 2
Levels Two
Gross Income 19200
Net Operating Income 14552
Insurance Expense 900
Number Of Units Total 2
MaintenanceExpense 960
Water Sewer Expense 1200
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 2
Total Bedrooms 4
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Exterior
Water Source Public
Lot Size Area 0.1177
Building Area Total 2288
Lot Dimensions 41x125x0x0
Lot Size Acres 0.1177
Total Parking 2
Lot Features Corner Lot
Parking Features Detached Garage
Road Surface Type Paved
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* Excluded Features
List By
Agresti Real Estate

Broker

jake@tryagresti.com

Email

Affordability Calculator

$966
Per Month
79%
21%
0%
Monthly Principal & Interest
$759
Monthly Property Taxes
$207
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2026$109,900 Listed Price

Map


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2318-2320 CHERRY Street, Erie, PA, 16502 is a Multi-Family Home for sale at $109,900 with 2,288 sqft and a lot size of 0.1177. 2318-2320 CHERRY Street has 4 bedrooms, 2.0 baths, and was built in 1924. The property's zip code is 16502 which is in Erie, PA