Listed by Keller Williams Realty Erie
$499,900
129-131 Erie Street
Details
APN 11-011-036.0-005.00
Property Type Retail, Multifamily
Sub Type Apartment Building, Bar
Square Footage 8,997
Units 5
Cap Rate 10.18%
NOI $50,893
Occupancy 100%
Tenancy Multi
Price per SqFt $56
Class C
Year Built 1920
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.280
Zoning COMMCORR
Investment Type Stabilized
Ground Lease No
Mixed Use 100% Leased Turnkey Investment in the Heart of Edinboro
Marketing description
Turnkey mixed-use investment in the heart of downtown Edinboro — all 5 units leased and cash flowing from day one. 129–131 Erie Street features two street-level commercial storefronts and three renovated residential apartments above, offering multiple income streams and a strong cap rate. Both commercial spaces are occupied by established, long-term tenants. Residential apartments have been updated by the seller and are fully leased. The property offers dual road frontage, a large rear parking area, and prime visibility on Edinboro's main corridor. Don't miss this rare opportunity to own a fully performing, income-producing property in one of Erie County's most charming small towns.
Investment highlights
- Turnkey mixed-use investment in the heart of downtown Edinboro — all 5 units leased and cash flowing from day one
- 129–131 Erie Street features two street-level commercial storefronts and three renovated residential apartments above, offering multiple income streams and a strong cap rate
- Both commercial spaces are occupied by established, long-term tenants
- Residential apartments have been updated by the seller and are fully leased
- The property offers dual road frontage, a large rear parking area, and prime visibility on Edinboro's main corridor
Listing Contacts
Listed by Keller Williams Realty Erie
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,893.00
$4,241.08/mo
Valuation Metrics
0
DSCR
10.18%
Cap Rate
10.18%
ROI
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