OFF MARKET

Off Market May 2025 for $4.1M

—

Est. refi paymentEst. refi $15,402/mo

•

72 ba

•

36,696

sq ft

4175 W Ridge Rd, Erie, PA 16506

About this home

Rare opportunity to own a 45-unit townhouse complex in highly sought-after Millcreek Township & School District. This well-maintained property includes 33 townhouses, each with 2 bedrooms, full basements, & 1.5 baths in 27 units. Additionally, there are 12 apartments, offering a diverse mix of rental options. Recent improvements include new roofs & gutters (2017), all windows replaced, & ample parking. On-site laundry adds convenience. Current rents for townhouses range from $900-$1000, but based on a market analysis, significant rent growth potential exists—townhouses can easily rent for $1100-$1200, & apartments for $800. With each unit individually metered for gas, electric, and water (tenants pay utilities), the owner only covers sewer & garbage. This property offers incredible cash flow potential & can achieve a 9.62%+ CAP rate based on projected APOD. Prime location close to all amenities makes this a perfect investment! Located by LECOM adds extra premium rent possibilities!

Multi-familyProperty Type

1985Year Built

2.48 acresLot Size

$112Price/Sq.Ft.

90 spacesParking

Listed by Jake Scheloske • Agresti Real Estate

Contact: (814) 449-7973

Bought with Jake Scheloske • Agresti Real Estate

Redfin checked: a minute ago

•Source:GEBOR #181424

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 16506, PA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.4%

+0.6% MoM

Median sale price

$315K

$23K MoM

Avg. days on market

1 days MoM

Recently sold homes

7 MoM

New listings for sale

NEW 3 HRS AGO
$379,900
3 beds2.5 baths1,765 sq ft
3141 Oakley Dr, Erie, PA 16506
NEW 4 HRS AGO
$199,900
3 beds1.5 baths1,162 sq ft
3723 Court Ave, Erie, PA 16506
NEW 29 HRS AGO
$299,900
3 beds2 baths1,428 sq ft
3628 Colonial Ave, Erie, PA 16506
$499,000
2 beds— baths576 sq ft
4034 W Ridge Rd, Erie, PA 16506
$375,000
5 beds2 baths1,984 sq ft
4916 W Ridge Rd, Erie, PA 16506
$334,900
3 beds2.5 baths1,483 sq ft
4308 Alison Ave, Erie, PA 16506
$630,000
5 beds4.5 baths4,744 sq ft
5320 Teakwood Ct, Erie, PA 16506
$89,900
2 beds2 baths900 sq ft
2721 West Park Ln, Erie, PA 16506
$285,000
2 beds2 baths1,572 sq ft
4109 Vista Dr, Erie, PA 16506
$319,900
3 beds2 baths1,568 sq ft
4517 Darcie Dr, Erie, PA 16506
See all

Provided by Redfin

Sale history for 4175 W Ridge Rd

Year

Property tax

Land + Additions

Assessment*

2026

$56,970 (+3.6%)

$486,500 + $1,513,500

$2,000,000

2025

$54,966 (+2.7%)

$486,500 + $1,513,500

$2,000,000

2024

$53,528 (+5.9%)

$486,500 + $1,513,500

$2,000,000

2023

$50,531 (+4.1%)

$486,500 + $1,513,500

$2,000,000

2022

$48,550 (+1.1%)

$486,500 + $1,513,500

$2,000,000

2021

$48,028 (+1.1%)

$486,500 + $1,513,500

$2,000,000

2020

$47,528 (+1.7%)

$486,500 + $1,513,500

$2,000,000

2019

$46,738 (+53.4%)

$486,500 + $1,513,500

$2,000,000

2018

$30,467 (+0.2%)

$486,500 + $850,200

$1,336,700

2017

$30,399 (+4.5%)

$486,500 + $850,200

$1,336,700

2015

$29,086

$486,500 + $850,200

$1,336,700

Tax history for 4175 W Ridge Rd

Year

Property tax

Land + Additions

Assessment*

2026

$56,970 (+3.6%)

$486,500 + $1,513,500

$2,000,000

2025

$54,966 (+2.7%)

$486,500 + $1,513,500

$2,000,000

2024

$53,528 (+5.9%)

$486,500 + $1,513,500

$2,000,000

2023

$50,531 (+4.1%)

$486,500 + $1,513,500

$2,000,000

2022

$48,550 (+1.1%)

$486,500 + $1,513,500

$2,000,000

2021

$48,028 (+1.1%)

$486,500 + $1,513,500

$2,000,000

2020

$47,528 (+1.7%)

$486,500 + $1,513,500

$2,000,000

2019

$46,738 (+53.4%)

$486,500 + $1,513,500

$2,000,000

2018

$30,467 (+0.2%)

$486,500 + $850,200

$1,336,700

2017

$30,399 (+4.5%)

$486,500 + $850,200

$1,336,700

2015

$29,086

$486,500 + $850,200

$1,336,700

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

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2.48 Acres

Year renovated

—

Sq. Ft.

8,064

Year built

1977

Style

Multi-Family (5+ Unit)

County

Erie County

APN

33055247000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking/Garage Information
# of Parking Spaces Total: 90

Interior

Virtual Tour

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

Unit Type 1 Information
Description: Basement Tenant Use, Laundry, Range/Oven, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $1,150

Unit Type 2 Information
Description: Laundry, Range/Oven, Refrigerator
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $800

Unit Type 3 Information
Description: Basement Tenant Use, Dishwasher, Laundry, Range/Oven, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $1,150

Exterior

Exterior Features
Roof: Composition

Building Information
Sq. Ft.: 36696
Levels: Two
# of Stories Total: 2
Construction Materials: Brick, Vinyl Siding

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

Lot Information
Lot Features: Cleared, Level
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size : 2.48
Lot Size Dimensions:
Lot Size Area: 2.48
Lot Size Units: Acres
Lot Size Acres: 2.48
Zoning Description: See Remarks

Financial

Tax Information
Tax Annual Amount: $55,986

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
Elementary School District: Millcreek
Middle Or Junior School District: Millcreek
High School District: Millcreek

Location Information
Directions: W. Ridge Rd. (Rt. 20) between McKee and Colonial, across from Barber National Institute

Public facts

Beds: —
Baths: —
Sq. Ft.: 8,064
Stories: —
Lot Size: 2.48 acres
Style: Multi-Family (5+ Unit)
Year Built: 1977
Year Renovated: —
County: Erie County
APN: 33055247000200

Home facts updated by county records on Jul 20, 2026

Other

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

Around this home

Schools

Asbury Elementary School

Public PreK-5 • Assigned • 2.2mi

9/10

Westlake Middle School

Public PreK-8 • Assigned • 1.1mi

6/10

McDowell High School

Public PreK-12 • Assigned • 1.0mi

7/10

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

2/10 Heat Factor

7 days above 90° expected this year, 17 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

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

Provided by First Street

Historical weather

Erie, PA • 16506

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 9.3 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

9.3 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 16506

NEW 3 HRS AGO3D WALKTHROUGH

$379,900

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3141 Oakley Dr, Erie, PA 16506

NEW 4 HRS AGO

$199,900

3 beds1.5 baths1,162 sq ft

3723 Court Ave, Erie, PA 16506

NEW 29 HRS AGO

$299,900

3 beds2 baths1,428 sq ft

3628 Colonial Ave, Erie, PA 16506

$499,000

2 beds— baths576 sq ft

4034 W Ridge Rd, Erie, PA 16506

$375,000

5 beds2 baths1,984 sq ft

4916 W Ridge Rd, Erie, PA 16506

$334,900

3 beds2.5 baths1,483 sq ft

4308 Alison Ave, Erie, PA 16506

$630,000

5 beds4.5 baths4,744 sq ft

5320 Teakwood Ct, Erie, PA 16506

$89,900

2 beds2 baths900 sq ft

2721 West Park Ln, Erie, PA 16506

$285,000

2 beds2 baths1,572 sq ft

4109 Vista Dr, Erie, PA 16506

Home values near 4175 W Ridge Rd

Data from public records.

Address	Redfin Estimate
4225 West Ridge Rd, Erie, PA 4 Beds \| 1 Baths \| 1165 Sq. Ft.	$170,785
4181 West Ridge Rd, Erie, PA 10 Beds \| - Baths \| 5594 Sq. Ft.	$521,107

Address	Redfin Estimate
4184 West Ridge Rd, Erie, PA 4 Beds \| 2 Baths \| 1976 Sq. Ft.	$255,984
4145 West Ridge Rd, Erie, PA 4 Beds \| 2 Baths \| 1962 Sq. Ft.	$246,956

Address	Redfin Estimate
4223 West Ridge Rd, Erie, PA 3 Beds \| 1 Baths \| 1470 Sq. Ft.	$205,044
2710 McKee Rd, Erie, PA 3 Beds \| 3 Baths \| 2256 Sq. Ft.	$309,528

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 16506, PA

Sale history for 4175 W Ridge Rd

Tax history for 4175 W Ridge Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 16506

Home values near 4175 W Ridge Rd

More real estate resources