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!
Sold for $525,000
$525,000
179 Kelso Dr, Erie, PA 16505
9beds
7baths
8,592sqft
Multi Family
Built in 1983
-- sqft lot
$1,331,300 Zestimate®
$61/sqft
$1,273 Estimated rent
Home value
$1,331,300
$1.17M - $1.50M
$1,273/mo
Zestimate® history
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$3,532/mo
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Est. payment
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List your homeWhat's special
Private lotPrivate beach accessOff-street parkingNew kitchensMetal roof
Zillow last checked:
Listing updated:
Listed by:
Jake Scheloske (814)449-7973,
Agresti Real Estate,
Isaac Yurkewicz 814-460-7538,
Agresti Real Estate
Bought with:
Jake Scheloske, RS318016
Agresti Real Estate
Isaac Yurkewicz, RS333371
Agresti Real Estate
Source: GEMLS,MLS#: 182307Originating MLS: Greater Erie Board Of Realtors
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
Community
- Deposit fee: $15,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $254,609
- Annual tax amount: $6,997
- Date on market: 4/10/2025
- Cumulative days on market: 49 days
- Listing terms: See Remarks
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $525,000-25%$61/sqft |
Source: GEMLS #182307 Report a problem | ||
| 5/29/2025 | Pending sale | $699,900$81/sqft |
Source: GEMLS #182307 Report a problem | ||
| 5/22/2025 | Price change | $699,900-6.7%$81/sqft |
Source: GEMLS #182307 Report a problem | ||
| 4/10/2025 | Listed for sale | $750,000$87/sqft |
Source: GEMLS #182307 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,118 +58.1% | $254,609 +53.2% |
| 2024 | $4,501 +8.9% | $166,200 |
| 2023 | $4,133 +2.4% | $166,200 |
| 2022 | $4,035 | $166,200 |
| 2021 | $4,035 +162% | $166,200 |
| 2020 | $1,540 -60.4% | $166,200 |
| 2019 | $3,884 -17.1% | $166,200 |
| 2018 | $4,687 +5.4% | $166,200 |
| 2017 | $4,447 +0.9% | $166,200 |
| 2016 | $4,406 +212.5% | $166,200 |
| 2015 | $1,410 | $166,200 |
| 2014 | $1,410 +72.1% | $166,200 |
| 2013 | $819 -4.3% | $166,200 +17.5% |
| 2012 | $856 | $141,500 |
| 2010 | $856 +11% | $141,500 |
| 2009 | $771 | $141,500 |
| 2008 | -- | $141,500 |
| 2005 | $1,010 +4288.5% | $141,500 |
| 2004 | $23 | $141,500 |
| 2003 | -- | $141,500 |
Find assessor info on the county website
Neighborhood: 16505
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Nearby schools
GreatSchools rating
- 5/10Tracy El SchoolGrades: K-5Distance: 0.8 mi
- 6/10Westlake Middle SchoolGrades: PK,6-8Distance: 1.7 mi
- 7/10McDowell High SchoolGrades: PK,9-12Distance: 2.4 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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$1,331,300
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- Pennsylvania
- Erie County
- Erie
- 16505
- 179 Kelso Dr
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