$645,000.00
2930 CHERRY St, ERIECITY PA 16508
12 | 7.00 | 6560 ft2
Investment 5+ Unit
May 4, 2026, 11:47 a.m.
6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals. 83% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income (2025). Upside potential with below market rents. Unit mix: 911± SF office/storefront, 1 bed/1 bath apartment, 2 bed/1 bath apartment, 3 bed/1 bath single family home & two 3 bed/1 bath apartments. Off-street parking for ±14 with paved parking lot for ±9 and 2 private driveways plus on-street parking. All units are separately metered for gas &/or electric (1 unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70,053 pro forma annual income - $57,959 pro forma NOI. Offered at $645,000 – 9.0% pro forma cap rate.
Listed by: Sherry Bauer (814) 453-2000, SBRE - Sherry Bauer Real Estate Services (814) 453-2000
Source: MLS#: 190499; Originating MLS: Greater Erie Board of Realtors
| Directions | West side of Cherry Street just south of W. 29th Street at tee with Stafford Avenue. Additional frontage along Maple Street. |
| Year Built | 1909 |
| Area | 3 - Erie Southwest |
| Road Surface | Paved Public |
| Water | Public |
| School Districts | City-Erie |
| Lot Description | At Grade |
| Building Information | Existing Structure |
| Construction | Frame |
| Fuel Type | Mixed |
| Roof Description | See Remarks |
| Heating Type | Mixed |
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