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For sale
  • Price cut: $50K (11/9)
    $310,000

    2930 Cherry St, Erie, PA 16508

    6beds
    5baths
    4,850sqft
    : 
    $2,252/mo
    Get pre-qualified
    Multi Family
    Built in 1909
    -- sqft lot
    $-- Zestimate®
    $64/sqft
    $-- HOA

    What's special

    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.
    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

        DateEventPrice
        11/9/2026Price change$310,000-13.9%$64/sqft
        Source: GEMLS #192318 Report a problem
        7/30/2026Price change$360,000-27.3%$74/sqft
        Source: GEMLS #192318 Report a problem
        7/28/2026Price change$495,000-23.3%$102/sqft
        Source: GEMLS #192294 Report a problem
        5/4/2026Listed 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 16508

        Getting around

        70 / 100
        Somewhat Walkable
        36 / 100
        Some Transit

        Nearby schools

        GreatSchools rating
        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.

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