263 W 18TH Street Erie, PA $ 225,000
263 W 18TH Street
$ 225,000
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263 W 18TH Street

Erie, PA, 16502
$ 225,000
Bedrooms12 Baths0.0 Sq 2,822

Monthly Estimate*

$ 1,421

263 W 18TH Street, Erie, PA 16502 - Image 1
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263 W 18TH Street, Erie, PA 16502 - Image 17

Multi-Family Home for sale in Erie, PA

for $225,000 with 12 bedrooms. This 2,822 square foot home was built in 1903 on a lot size of 0.0492.

This 12-unit rooming house in Little Italy presents a rare chance to acquire a powerful cash-flowing asset. Each unit, from efficient 8x8 spaces to larger accommodations, is consistently rented, contributing to an impressive and reliable revenue stream. This property isn't just a building; it's a well-managed investment with a consistent rental history. Plus, a dedicated property manager, who has been with the property for years, is available to ensure a seamless transition and continued operational excellence, allowing for a hands-off approach if desired. This is an ideal, high-yield addition for an investor looking to expand their portfolio with a well-established rental property in a high-demand urban location.

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Multi-Family Active

Price

$ 225,000

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 6,519

Style

Lot Size

0.0492

Year Built

1903

Town/City

Erie

County/Region

Erie

MLS | Web ID

191781

Features
General
Sewer Public Sewer
Possession Close Of Escrow Subject To Tenant Rights
Construction Materials Brick Vinyl Siding
Security Deposit 2500
Township Erie
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Status Active
Directions Sotheast corner of Myrtle and 18th street
City Erie
Zoning Description C-4
MLS Area 2 - Erie Northwest
Lot Size Units Acres
Tax Annual Amount 6519
Standard Status Active
Tax Assessed Value 164944
Heating Gas Hot Water
Cooling None
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1903
Year Built Details Actual
Property Condition Good Condition Resale
Roof Composition
Garage Spaces 0
Architectural Style See Remarks
Gross Income 48945
Net Operating Income 15040
Insurance Expense 600
Number Of Units Total 10
MaintenanceExpense 2146
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Interior
Air Conditioning Y/N false
Heating Y/N true
Total Bedrooms 12
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Exterior
Water Source Public
Lot Size Area 0.0492
Building Area Total 2822
Lot Dimensions 30x72x0x0
Lot Size Acres 0.0492
Total Parking 0
Lot Features Corner Lot
Road Surface Type Paved
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* Excluded Features
List By
Exp Realty - Erie

Broker

jphood2411@gmail.com

Email

Affordability Calculator

$1,964
Per Month
72%
28%
0%
Monthly Principal & Interest
$1,421
Monthly Property Taxes
$543
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
2358928 Elementary School
2358969 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/29/2026$225,000 Listed Price

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263 W 18TH Street, Erie, PA, 16502 is a Multi-Family Home for sale at $225,000 with 2,822 sqft and a lot size of 0.0492. 263 W 18TH Street has 12 bedrooms, 0.0 baths, and was built in 1903. The property's zip code is 16502 which is in Erie, PA