4-Unit, mixed-use investment package for sale. Comprised of 2 contiguous parcels totaling 4,850± SF on 0.12± acres with 1 commercial unit & 3 residential rentals. Excellent income history. $35,445 annual income & $26,522 net operating income based on 2025; offered at $310,000 – 8.6% actual cap rate. Upside potential with below market rents. $45,300 pro forma annual income - $34,695 pro forma NOI – 11.2% pro forma cap rate. Unit mix includes one 1 bed/1 bath apartment, one 2 bed/1 bath apartment, one 3 bed/1 bath single family home & 911± SF office/storefront. Floor plans available for some units. Off-street parking for ±11 with paved parking lot for ±9 & private driveway 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. Near Peach Street’s retail/service corridor & multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie.
For sale
Price cut: $50K (11/9)
$310,000
2930 Cherry St, Erie, PA 16508
6beds
5baths
4,850sqft
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$64/sqft
$-- HOA
What's special
- 107 days
- 51
- 5
Zillow last checked:
Listing updated:
Listed by:
Sherry Bauer (814)453-2000,
SBRE - Sherry Bauer Real Estate Services 814-453-2000,
Amanda Bogert 814-790-8342,
SBRE - Sherry Bauer Real Estate Services
Source: GEMLS,MLS#: 192318Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Gas, Dual Fuel
Cooling
- See Remarks
Interior area
- Total structure area: 4,850
- Total interior livable area: 4,850 sqft
Video & virtual tour
Property
Parking
- Total spaces: 11
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 19060044.0118.00
- Zoning description: R-1A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Frame
- Roof: See Remarks
Condition
- Average Condition,Resale
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Erie
Financial & listing details
- Price per square foot: $64/sqft
- Tax assessed value: $119,810
- Annual tax amount: $4,965
- Date on market: 7/30/2026
- Cumulative days on market: 108 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,004/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/9/2026 | Price change | $310,000-13.9%$64/sqft |
Source: GEMLS #192318 Report a problem | ||
| 7/30/2026 | Price change | $360,000-27.3%$74/sqft |
Source: GEMLS #192318 Report a problem | ||
| 7/28/2026 | Price change | $495,000-23.3%$102/sqft |
Source: GEMLS #192294 Report a problem | ||
| 5/4/2026 | Listed for sale | $645,000$133/sqft |
Source: GEMLS #190499 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 16508
Nearby schools
Schools provided by the listing agent
- District: City-Erie
Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




