This 2-unit investment property offers a fantastic opportunity for long-term returns. The first-floor unit features a spacious 3-bedroom layout with an enclosed front porch, while the second unit offers a comfortable 2-bedroom space. Both units are tenant-occupied with a solid rental history ensuring consistent income. Tenants are responsible for all utilities, lawn care, and snow plowing. The property also boasts off-street parking and a detached garage for added convenience. Recent upgrades include new windows, insulation, plumbing, HVAC systems, and hot water tanks, all completed within the last 8 years. These improvements enhance energy efficiency and reduce maintenance costs. With a prime location and well-cared-for condition, this property is an excellent addition to any real estate portfolio.
Pending
$74,900
1404 E Lake Rd, Erie, PA 16507
5beds
2baths
1,640sqft
Est.:
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$46/sqft
$-- HOA
What's special
Detached garageNew windowsOff-street parkingHot water tanksEnclosed front porchHvac systems
- 39 days
- on Zillow |
- 288 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 05, 2025 at 08:51pm
Listed by:
Jake Scheloske (814)449-7973,
Agresti Real Estate 814-459-9400
Source: GEMLS,MLS#: 181884Originating MLS: Greater Erie Board Of Realtors
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 1,640
- Total interior livable area: 1,640 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 30 x 156 x 0 x 0
Details
- Parcel number: 14011002.0507.00
- Zoning description: RLB
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Resale
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Deposit fee: $1,500
Location
- Region: Erie
Financial & listing details
- Price per square foot: $46/sqft
- Tax assessed value: $30,000
- Annual tax amount: $1,186
- Date on market: 3/17/2025
- Road surface type: Paved
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