Located along the sought-after Route 5 corridor in Northwest Millcreek Township, this 6,800± SF commercial property offers prime visibility, strong traffic exposure, and multiple income streams on a half-acre lot. The building includes 7 leased units plus an additional 8th unit previously owner-occupied, supported by 4 bathrooms and about 30 parking spaces in front and rear lots. A local church anchors the property, with additional suites leased to established businesses—creating stable, diversified rental income with room for growth through lease adjustments and full occupancy. Investors will value the reliable cash flow and tenant mix, while owner-users can offset occupancy costs with built-in income. With its premier location, flexible layout, and strong rental base, this is a turnkey investment or an ideal owner-occupied opportunity positioned for long-term upside.
For sale
$425,000
4845 W Lake Rd, Erie, PA 16505
--beds
7baths
6,800sqft
Est.:
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Prime visibilityHalf-acre lotFlexible layoutStrong traffic exposure
- 126 days |
- 686 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: January 09, 2026 at 03:43pm
Listed by:
Jake Scheloske,
Agresti Real Estate 814-459-9400,
Adell Lane 814-920-2653,
Agresti Real Estate
Source: GEMLS,MLS#: 188088Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 7
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 6,800
- Total interior livable area: 6,800 sqft
Property
Parking
- Total spaces: 30
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.5 Acres
- Dimensions: 104 x 228 x 0 x 0
Details
- Parcel number: 33039144.0001.01
- Zoning description: C-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Block, Cedar
- Roof: Composition
Condition
- Year built: 1974
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: $63/sqft
- Tax assessed value: $315,900
- Annual tax amount: $8,831
- Date on market: 9/23/2025
- Cumulative days on market: 127 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,127/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Listed for sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
| 11/1/2025 | Pending sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
| 9/23/2025 | Listed for sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,687/mo
Principal & interest
$2000
Property taxes
$538
Home insurance
$149
Climate risks
Neighborhood: 16505
Nearby schools
GreatSchools rating
- 5/10Tracy El SchoolGrades: K-5Distance: 3.3 mi
- 5/10Westlake Middle SchoolGrades: PK,6-8Distance: 0.9 mi
- 7/10McDowell High SchoolGrades: PK,9-12Distance: 2.2 mi
Schools provided by the listing agent
- District: Millcreek
Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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