This Airbnb gem near Kelso Beach is the investment opportunity you’ve been waiting for—with a *projected 20% cap rate* and no fluff in the numbers. Located in Millcreek’s Limited Lodging Overlay District, this fully renovated property offers private beach access, is steps from Waldameer, and just 2 minutes from Presque Isle. Featuring 7 rentable units (including a 5-unit building with office + separate house), off-street parking, 2.5-car garage, and a private lot. Renovations include new kitchens, baths, windows, metal roof, and more. At $200/night over just 180 days, gross income hits $216K, with expenses accounted for. Schedule your tour today!
For sale
$750,000
179 Kelso Dr, Erie, PA 16505
9beds
7baths
8,592sqft
Est.:
Multi Family
Built in 1983
-- sqft lot
$717,500 Zestimate®
$87/sqft
$-- HOA
What's special
Private lotPrivate beach accessOff-street parkingNew kitchensMetal roof
- 15 days
- on Zillow |
- 1,235 |
- 55 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 11:49am
Listed by:
Jake Scheloske (814)449-7973,
Agresti Real Estate 814-459-9400,
Isaac Yurkewicz 814-460-7538,
Agresti Real Estate
Source: GEMLS,MLS#: 182307Originating MLS: Greater Erie Board Of Realtors
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 8,592
- Total interior livable area: 8,592 sqft
Property
Parking
- Total spaces: 10
- Parking features: Built In
- Attached garage spaces: 2.5
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 0.25 Acres
- Dimensions: 92 x 112 x 0 x 0
- Features: Corner Lot
Details
- Parcel number: 33007019.0253.01
- Zoning description: See Remarks
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Metal Siding, Vinyl Siding
- Roof: Composition,Metal
Condition
- Resale,Updated/Remodeled
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Deposit fee: $15,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $254,609
- Annual tax amount: $6,997
- Date on market: 4/10/2025
- Road surface type: Paved
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