1207-09 E Lake Rd, Erie, PA, 16511
About This Home
Investment Opportunity with Great Potential! Bring your vision to this duplex featuring two separate units, each offering 2 bedrooms and 1 full bathroom. Whether you're looking to expand your investment portfolio, renovate for resale, or create a multi-generational living arrangement, this property offers outstanding potential. Both units feature functional layouts with spacious, bright living areas, beautiful original woodwork, and charming ornamental fireplaces that add warmth and character. Partial renovations have already begun in both the kitchens and bathrooms, providing a head start on the transformation while allowing the next owner to add their own finishing touches. Conveniently located on Erie's east side along the EMTA bus route, this property offers easy access to public transportation, shopping, and neighborhood amenities. With the right updates, this duplex has the potential to generate solid rental income or build long-term equity. Property is being sold as-is.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fixer,Resale
- Year built: 1917
Materials
- Roof: Metal
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: None
Interior Area
- Total structure area: 2,024
- Total interior livable area: 2,024 sqft
Property
Details
- Parcel number: 14010043.0207.00
- Zoning description: R-2
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 4,181 sqft
- Features: Level
- Lot size dimensions: 22 x 53 x 0 x 0
Parking
- Total spaces: 2
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
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $328 | $3,936 |
| Home Insurance * | $25 | $300 |
| Property Taxes | $82 | $984 |
| Electricity | $224 | $2,692 |
| Total | $659 | $7,908 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Pending sale | $64,900 |
| 2026-07-28 | Listed for sale | $64,900 |
View on Zillow