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932 E 5th St #2, Erie, PA, 16507

5beds
2baths
2,047sqft
$109,900
$54price/sqft
$1,016/moest. monthly cost
$40,640/yrincome needed

About This Home

A solid two-unit investment property featuring one 2-bedroom apartment and one 3-bedroom apartment. Both units are occupied by long-term tenants, offering steady rental income from day one. With established tenants already in place, this property provides immediate income-producing potential and an attractive opportunity for investors looking to add a dependable multi-unit property to their portfolio. The flexible unit mix appeals to a wide range of renters, while the existing tenancy helps reduce the uncertainty often associated with vacant investment properties. Whether you are expanding your portfolio or looking for a property with consistent cash flow potential.

Getting Around

64
WalkingSomewhat Walkable
29
TransitSome Transit
82
BikeVery Bikeable

Schools

3/10
Edison Elementary SchoolGrades PK-51.2 mi
3/10
East Middle SchoolGrades 6-80.3 mi
1/10
Erie High SchoolGrades 9-122.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1882

Materials

  • Roof: Asphalt
  • Construction materials: Aluminum Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,047
  • Total interior livable area: 2,047 sqft

Property

Details

  • Parcel number: 14010032.0138.00
  • Zoning description: R-2

Features

  • Levels: Two
  • Stories: 2

Lot

  • Features: Corner Lot
  • Lot size dimensions: 51 x 66 x 0 x 0

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $555$6,660
Home Insurance *$98$1,176
Property Taxes $139$1,668
Electricity $224$2,695
Total$1,016$12,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,834/yr
40% on housing$30,480/yr
45% on housing$27,093/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$54This listing

vs Other Active Listings

Avg $/sqft

ZIP 16507$94
Erie County$115

vs Homes Sold Last Month

Median $/sqft

ZIP 16507$95
Erie County$139

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-15Price change$98,500
2026-07-16Listed for sale$109,900

For Sale by Agent

AgentNicholas Marinelli
BrokerageAgresti Real Estate

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