406 Raspberry St, Erie, PA, 16507
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
Somewhat Walkable
Some Transit
Very BikeableSchools
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
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 | $656 | $7,872 |
| Home Insurance * | $116 | $1,392 |
| Property Taxes | $164 | $1,968 |
| Electricity | $224 | $2,692 |
| Total | $1,160 | $13,920 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Price change | $139,500 |
| 2026-03-19 | Listed for sale | $144,900 |
| 2024-12-30 | Sold | $125,000 |
| 2024-11-30 | Pending sale | $139,900 |
| 2024-11-18 | Listed for sale | $139,900 |
| 2023-09-10 | Listing removed | -- |
| 2023-09-06 | Listed for rent | $775 |
| 2023-04-03 | Listing removed | -- |
| 2023-03-27 | Listed for rent | $775 |
| 2021-01-28 | Listing removed | -- |
| 2021-01-21 | Listed for rent | $625 |
| 2018-05-29 | Listing removed | $595 |
| 2018-04-28 | Listed for rent | $595 |
| 2010-04-19 | Sold | $25,000 |
For Sale by Agent
View on Zillow