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406 Raspberry St, Erie, PA, 16507

5beds
2baths
1,840sqft
$139,500
$76price/sqft
$1,230/moest. monthly cost
$49,200/yrincome needed

About This Home

Don’t miss this chance to own a turnkey, income-producing property with immediate returns and future upside with this fully-occupied duplex, ideal for both seasoned investors and those looking to grow their portfolio. The property features two well-maintained units, with the first floor offering 2 bedrooms and 1 bath, and the second floor providing a spacious 3-bedroom, 1-bath layout. Both units have been updated with luxury vinyl plank (LVP) flooring, adding durability and modern appeal, along with windows that improve energy efficiency and tenant comfort. The property includes separate utilities for each unit, as well as a separated basement, enhancing convenience and reducing owner expenses. Tenants are responsible for all utilities, plus landscaping and snow removal, making this a low-maintenance investment. With strong rental demand in the area, there is clear potential to increase rents and maximize cash flow.

Getting Around

59
WalkingSomewhat Walkable
29
TransitSome Transit
70
BikeVery Bikeable

Schools

2/10
Harding El SchoolGrades PK-50.9 mi
5/10
1/10
Erie High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Good Condition
  • Year built: 1892

Materials

  • Roof: Composition
  • Construction materials: Vinyl 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: 1,840
  • Total interior livable area: 1,840 sqft

Property

Details

  • Parcel number: 17040035.0207.00
  • Zoning description: R-2

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,267 sqft
  • Features: Flat
  • Lot size dimensions: 33 x 99 x 0 x 0