6-Unit Mixed-Use Investment Package
6-Unit Mixed-Use Investment Package
Marketing description
6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals. 83% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income (actual - 2025). Upside potential with below market rents. Unit mix includes 911± SF office/storefront, one 1 bedroom/1 bathroom apartment, one 2 bedroom/1 bathroom apartment, one 3 bedroom/1 bathroom single family home & two 3 bedroom/1 bathroom apartments. Off-street parking for ±14 with paved parking lot for ±9 and two private driveways plus on-street parking. All units are separately metered for gas &/or electric (one unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70,053 pro forma annual income - $57,959 pro forma NOI. Offered at $645,000 – 9.0% pro forma cap rate. Contact broker for additional details.
Investment highlights
6-Unit, 3 Property Mixed-Use Investment Package
Comprised Of 3 Contiguous Parcels Totaling 0.19± Acres
1 Commercial Unit & 5 Residential Units
83% Occupancy – Excellent Rental History
$54,615 Annual Income & $42,040 Net Operating Income (2025 Actual)
Upside Potential With Below Market Rental Rates
911± SF First Floor Commercial Space – Recently Vacated After Long-Term Tenancy
1 Bedroom, 1 Bathroom Apartment – Occupied
2 Bedroom, 1 Bathroom Apartment – Occupied
Two 3 Bedroom, 1 Bathroom Apartments – Occupied
3 Bedroom, 1 Bathroom Single Family Residence – Occupied
±14 Off-Street Parking Spaces In Shared Parking Lot & Driveways Plus Street Parking
Separately Metered Gas & Electric
Zoned Traditional Single Family Development (R-1A)
Centrally Located Just 0.4 Miles (±3 Blocks) From Erie High School
Near Peach Street Retail/Service Corridor & Multiple Public Bus Routes
$70,053 Pro Forma Annual Income - $57,959 Pro Forma NOI
Offered At $645,000 – 9.0% Pro Forma Cap Rate
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