Multi Family homes for sale & real estate in 16507, PA

Multi Family Home for sale in 16507, PA:

Brick investment property in Northwest Erie location, currently a student rental, steps from Gannon University. This residence comes completely turnkey, with all appliances and furniture included. First floor welcomes you with an enclosed porch, leading into a living room featuring an ornamental fireplace. Dining room with hardwood floors. The functional kitchen, complete with a stove and refrigerator, connects to a mud room. Upstairs, the second floor offers three well-appointed bedrooms and a full bathroom. A bonus is in the finished third floor, which is heated and offers significant additional living space ideal for a study, extra storage. The property also features newer windows throug

Multi Family Home for sale in 16507, 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 16507, PA:

Seller's investment strategy is changing, allowing for this huge opportunity for the next willing and able investor! For the investor willing to put in the work this is a fantastic building to create amazing cashflow and add a legacy building property to their portfolio. 2 of the vacant units just need a cosmetic uplift. One is stripped down to the bones and ready for your vision. Could be a 2-3 bedroom apartment, or turned into a commercial space. 2 occupied and 2 vacant are going to need a good bit of work. If you have the vision and means, this will be an amazing property that does not come available often! Walking distance to Gannon University, and everything downtown Erie has to offer.

Multi Family Home for sale in 16507, PA:

Great opportunity to add this solid duplex to your rental portfolio. Both units have been remodeled during ownership with the downstairs just being complete and rented the beginning of 2025. Fully occupied and ready to go. Garage in the back is currently boarded up and unusable, but could be fixed up for additional income. Unfortunately no FHA or VA financing will be considered on this property.

Multi Family Home for sale in 16507, 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 16507, PA:

Great opportunity and a great location with this fully occupied 2 unit!