OFF MARKET

Off market may 2025 for $75K

—

Est. refi paymentEst. refi $513/mo

•

2 ba

•

1,640

sq ft

1404 E Lake Rd, Erie, PA 16507

About this home

This 2-unit investment property offers a fantastic opportunity for long-term returns. The first-floor unit features a spacious 3-bedroom layout with an enclosed front porch, while the second unit offers a comfortable 2-bedroom space. Both units are tenant-occupied with a solid rental history ensuring consistent income. Tenants are responsible for all utilities, lawn care, and snow plowing. The property also boasts off-street parking and a detached garage for added convenience. Recent upgrades include new windows, insulation, plumbing, HVAC systems, and hot water tanks, all completed within the last 8 years. These improvements enhance energy efficiency and reduce maintenance costs. With a prime location and well-cared-for condition, this property is an excellent addition to any real estate portfolio.

Multi-familyProperty Type

1915Year Built

4,792 sq ftLot Size

$46Price/Sq.Ft.

1 car garageParking

Listed by Jake Scheloske • Agresti Real Estate

Contact: (814) 449-7973

Bought with Brandon Penn • Keller Williams Realty

Redfin checked: a minute ago

•Source:GEBOR #181884

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 16507, PA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

94.4%

+3.0% MoM

Median sale price

$125K

$15K MoM

Avg. days on market

10d

1 days MoM

Recently sold homes

0 MoM

New listings for sale

312 Reed St, Erie, PA 16507
$150,000
4 beds1 bath1,320 sq ft
312 Reed St, Erie, PA 16507
$150,000
4 beds1 bath1,320 sq ft
1020 E 3rd St, Erie, PA 16507
$1,150,000
4 beds5.5 baths4,134 sq ft
286 Niagara Pt, Erie, PA 16507
$134,900
4 beds1 bath1,440 sq ft
312 Poplar St, Erie, PA 16507
$134,900
5 beds2 baths1,500 sq ft
222 Poplar St, Erie, PA 16507
See all

Provided by Redfin

Sale history for 1404 E Lake Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,226 (+3.4%)

$8,800 + $21,200

$30,000

2025

$1,186 (+2.2%)

$8,800 + $21,200

$30,000

2024

$1,161 (+2.9%)

$8,800 + $21,200

$30,000

2023

$1,128 (+2.1%)

$8,800 + $21,200

$30,000

2022

$1,104 (+1.4%)

$8,800 + $21,200

$30,000

2021

$1,088 (+0.7%)

$8,800 + $21,200

$30,000

2020

$1,081 (+5.5%)

$8,800 + $21,200

$30,000

2019

$1,025 (+1.2%)

$8,800 + $21,200

$30,000

2018

$1,013 (−25.4%)

$8,800 + $21,200

$30,000

2017

$1,357 (+1.4%)

$8,800 + $31,510

$40,310

2015

$1,338

$8,800 + $31,510

$40,310

Tax history for 1404 E Lake Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,226 (+3.4%)

$8,800 + $21,200

$30,000

2025

$1,186 (+2.2%)

$8,800 + $21,200

$30,000

2024

$1,161 (+2.9%)

$8,800 + $21,200

$30,000

2023

$1,128 (+2.1%)

$8,800 + $21,200

$30,000

2022

$1,104 (+1.4%)

$8,800 + $21,200

$30,000

2021

$1,088 (+0.7%)

$8,800 + $21,200

$30,000

2020

$1,081 (+5.5%)

$8,800 + $21,200

$30,000

2019

$1,025 (+1.2%)

$8,800 + $21,200

$30,000

2018

$1,013 (−25.4%)

$8,800 + $21,200

$30,000

2017

$1,357 (+1.4%)

$8,800 + $31,510

$40,310

2015

$1,338

$8,800 + $31,510

$40,310

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,678 Sq. Ft.

Year renovated

—

Sq. Ft.

1,640

Year built

1915

Style

Multi-Family (2-4 Unit)

County

Erie County

APN

14011002050700

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 2026.

RLB

Residential Limited Commercial District

Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to Commercial or Manufacturing Districts.

Permitted uses

Include but are not limited to:

Greenhouse / nursery
Religious facility
Bank
Convenience store
Day care facility
Housing-Multiple units
Housing-Senior
Bed & breakfast
Office
Medical office

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 1
Parking Features: Detached, Garage

Interior

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air

Unit Type 1 Information
# of Bedrooms: 3
# of Bathrooms: 1
Actual Rent: $975

Unit Type 2 Information
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $795

Exterior

Exterior Features
Roof: Composition

Building Information
Sq. Ft.: 1640
Levels: Two
# of Stories Total: 2
Construction Materials: Frame

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily

Lot Information
Road Surface Type: Paved
Lot Size : 0.11
Lot Size Dimensions: 30 x 156
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Zoning Description: RLB

Financial

Tax Information
Tax Annual Amount: $1,186

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
Elementary School District: City-Erie
Middle Or Junior School District: City-Erie
High School District: City-Erie

Location Information
Directions: East Lake Rd., near the corner of Payne Ave.

Public facts

Beds: 5
Baths: 2.0
Sq. Ft.: 1,640
Stories: 2.0
Lot Size: 4,678 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1915
Year Renovated: —
County: Erie County
APN: 14011002050700

Home facts updated by county records on Oct 8, 2026

Other

Listing Information
List AOR: GreaterErieBoardOfRealtors
AttributionContact: (814) 449-7973

Around this home

Schools

Edison Elementary School

Public PreK-5 • Assigned • 0.7mi

3/10

East Middle School

Public 6-8 • Assigned • 0.3mi

3/10

Erie High School

Public 9-12 • Assigned • 3.0mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° expected this year, 18 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Erie, PA • 16507

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Erie. 3 minutes to get started.

Nearby similar homes

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310 E 30th St, Erie, PA 16504

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15 beds6 baths7,564 sq ft

7860 W Ridge Rd, Fairview, PA 16415

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4916 W Ridge Rd, Erie, PA 16506

New listings for sale in 16507

$150,000

4 beds1 bath1,320 sq ft

312 Reed St, Erie, PA 16507

$150,000

4 beds1 bath1,320 sq ft

1020 E 3rd St, Erie, PA 16507

$1,150,000

4 beds5.5 baths4,134 sq ft

286 Niagara Pt, Erie, PA 16507

$134,900

4 beds1 bath1,440 sq ft

312 Poplar St, Erie, PA 16507

$134,900

5 beds2 baths1,500 sq ft

222 Poplar St, Erie, PA 16507

Home values near 1404 E Lake Rd

Data from public records.

Address	Redfin Estimate
1408 E Lake Road, Erie, PA 4 Beds \| 2 Baths \| 1976 Sq. Ft.	$127,110
1406 E Lake Road, Erie, PA 3 Beds \| 2 Baths \| 1636 Sq. Ft.	$142,878

Address	Redfin Estimate
1422 E Lake Road, Erie, PA 3 Beds \| 2 Baths \| 1840 Sq. Ft.	$166,332
1354 E Lake Road, Erie, PA - Beds \| - Baths \| 3936 Sq. Ft.	—

Address	Redfin Estimate
1346 E Lake Road, Erie, PA 3 Beds \| 1 Baths \| 1560 Sq. Ft.	$111,296
616 Payne Avenue, Erie, PA 4 Beds \| 2 Baths \| 2068 Sq. Ft.	$99,528

Property information provided by GEBOR when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 16507, PA

Sale history for 1404 E Lake Rd

Tax history for 1404 E Lake Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 16507

Home values near 1404 E Lake Rd

More real estate resources