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1029-31 East Ave, Erie, PA, 16503

6beds
8baths
7,667sqft
$389,900
$51price/sqft
$3,808/moest. monthly cost
$152,320/yrincome needed

About This Home

Positioned within a commercial zoning district allowing a variety of retail, office and service uses, this property includes two storefront units and six residential units (four 1 bedroom apartments and two efficiency units), all currently leased and generating steady income. This property also features a 30' x 40' warehouse/garage space offering additional flexibility for future rental income, use, or storage. Corner location provides strong visibility, accessibility, and consistent traffic exposure with convenient access to ,major roadways, public transportation and nearby amenities. The diversified unit mix enhances occupancy stability and supports consistent rental demand, offering a solid, income-generating opportunity in an established area of Erie.

Getting Around

64
WalkingSomewhat Walkable
32
TransitSome Transit
67
BikeBikeable

Schools

2/10
4/10
Wilson Middle SchoolGrades 6-80.4 mi
1/10
Erie High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1909

Materials

  • Roof: Metal
  • Construction materials: Mixed

Type & Style

  • Home type: MultiFamily
  • Architectural style: Two Story
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 7,667
  • Total interior livable area: 7,667 sqft

Property

Details

  • Parcel number: 15020046.0225.00
  • Zoning description: C-4

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,883 sqft
  • Features: Corner Lot
  • Lot size dimensions: 41 x 118 x 0 x 0

Parking

  • Total spaces: 6
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6