Multi Family homes for sale & real estate in West Erie, PA

Multi Family Home for sale in West Erie, PA:

Potential cash cow for the right investor willing to put in the work. 2 separate houses on 1 lot. Rear house has 2 bedrooms, 1 bath, and needs a full renovation. Front house needs some love as well but has a long term well paying tenant in place. Water is set up that it would be fairly easy to get separated and have both tenants start paying those bills. Roll up your sleeves and see the money start coming in! Could also make for a good owner occupied situation as well. Currently professionally managed, and manager would consider staying on for the new owner.

Multi Family Home for sale in West Erie, PA:

This 22-unit investment portfolio with an additional vacant parcel is a high yield opportunity delivering real cash flow and strong returns. With an annual rent roll of $197,700 and expenses of just $51,465, the portfolio produces a solid NOI of $144,783, translating to an 12% cap rate, 28% cash-on-cash return, and 1.89 DSCR. The properties include a mix of 2, 3, 4, and 5-unit buildings across NE Erie, offering a balanced spread of units and steady occupancy. Strong in place performance with clear potential to further increase income and long-term value. Don’t miss your chance to own this income-producing portfolio.

Multi Family Home for sale in West Erie, PA:

Check out this Gem in the Heart of Erie, PA! Take a look at this fantastic property on the West side of Erie! This well-maintained duplex at 1224-26 W. 40th St. features separate utilities, individual driveways, and garages for both units. Each spacious two-story unit includes a washer and dryer, a private yard, and functional layouts ideal for long-term tenants or owner-occupants. One unit is already occupied, providing immediate rental income for the new owner. Conveniently located near shopping, schools, and more! This property is ideal for those seeking stable cash flow and long-term value. Don’t miss out on this income-producing opportunity. You can also live in one unit and rent

Multi Family Home for sale in West Erie, PA:

Whether it be an owner occupied income property or an addition to an income portfolio, this brick flat with 2 nice sized 2 bedroom units, is a great opportunity with tons of potential! Centrally and conveniently located in SW Erie. The first floor has been professionally cleaned and is ready to move-in. Updated double paned vinyl windows, roof (2016) blown in insulation, and A/C in each unit. Private rear parking area across from the park. Separate laundry hookups and individual basement spaces. Separate utilities! Rents are currently below market value.

Multi Family Home for sale in West Erie, PA:

This 2 unit investment property is located in Erie’s Historic East Bayfront. Property is 100% occupied. The second floor unit has been completely remodeled with new cabinets, fixtures, flooring, etc. The first floor unit has a long-term tenant in place, but will need some cosmetic work in the future. The gas and electric is separately metered. Tenants are responsible for paying all utilities - Gas, Electric, Water, Sewer, & Trash. Don't miss the opportunity to add this one to your portfolio!

Multi Family Home for sale in West Erie, PA:

Fantastic turnkey investment opportunity! From top to bottom, both units have been totally renovated with new everything, including flooring, walls, paint, roof, kitchens with granite counter tops, baths, windows, doors, metal roof, plumbing, HVAC duct work, and electric. The first floor is a spacious 4-bedroom with a large open floor plan. The second-floor unit is 3 bedrooms and 2 baths with real tile and stone shower, LVP, skylights and real hardwood flooring. The cathedral ceilings add to the open feel of the living space and master bedroom. Huge fenced in back yard. Add this property to your portfolio or perfect for owner-occupant, and let your tenants pay your mortgage!