2930 CHERRY Street, Erie, PA 16508

• 12 beds |
• 7 baths |
• 6,560 sqft

Property Description

6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals. 83% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income (2025). Upside potential with below market rents. Unit mix: 911± SF office/storefront, 1 bed/1 bath apartment, 2 bed/1 bath apartment, 3 bed/1 bath single family home & two 3 bed/1 bath apartments. Off-street parking for ±14 with paved parking lot for ±9 and 2 private driveways plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70,053 pro forma annual income - $57,959 pro forma NOI. Offered at $645,000 – 9.0% pro forma cap rate.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

SBRE - Sherry Bauer Real Estate Services : (814) 453-2000

MLS ID:

190499

Interior

• A/C: See Remarks
• Heating: Multi-Fuel

Exterior

• Style: See Remarks
• Parking: Parking spaces: 14

Construction

• Roofing: See Remarks
• General: Frame

Location

• Road/Access: Paved
• Originating MLS: GEBOR_GEBOR
• School District: City-Erie
• County: Erie

Lot

• Zoning: 19-060-044.0-120.00

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: GEBOR_GEBOR