$3,799,900

71 UNIT INVESTMENT PACKAGE, Erie, PA 16502

  • 110 beds
  • 68,288 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon3.53acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $56/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This 71-unit investment portfolio is a rare, cash-flowing machine with a current rent roll exceeding $54,000/month and $655,000+ annually. With actual expenses at just $218,000, you’re netting over $437,000/year in NOI — that’s an 11.5+% cap rate, 27% cash-on-cash return, and a 1.89 DSCR. The well-maintained properties include a mix of multi-units (9, 5, 4, 3, and several 2-units) and single-family homes spread throughout NW, NE, SW, and SE Erie. Step into a fully operational business with an experienced property manager in place, handling leasing, maintenance, lawn care, and more. Seller-owned for years and now retiring — don’t miss this chance to buy instant equity and own a high-performing, turn-key investment. If sold separately, the package could be worth a lot more. Seize this grand slam opportunity today!

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 3:19AM
Listing Office:
Agresti Real Estate : (814) 459-9400
MLS ID:
189809
  • A/C: See Remarks
  • Heating: See Remarks
  • Style: See Remarks
  • Roofing: See Remarks
  • General: Mixed
  • Road/Access: Paved
  • Originating MLS: GEBOR_GEBOR
  • School District: City-Erie
  • County: Erie
  • Zoning: 00-000-000.0-000.00
  • Water: Public
  • Sewer: Public Sewer
  • Source: GEBOR_GEBOR

This listing courtesy of Agresti Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Perry Elementary School

955 W 29th St, Erie, PA, 16508

Grades PK-5

0.87 miles away

S

Strong Vincent Middle School

1330 W 8th St, Erie, PA, 16502

Grades 6-8

0.86 miles away

E

Erie High School

3325 Cherry St, Erie, PA, 16508

Grades 9-12

1.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.