3006 Cherry St, Erie, PA 16508

2-Unit, multi-family investment property for sale. 1,710± SF two-story, 2-unit, flat-style building with two 3 bedroom, 1 bathroom apartments. Fully occupied. Landlord owned appliances included: refrigerator, range, washer & dryer in each unit. Forced air gas heat & central air conditioning. Off-street parking for ±3 in private driveway plus street parking. Separately metered gas & electric. $19,170 Annual income & $15,518 net operating income (actual 2025) – offered at 11.5% cap rate. Upside potential with below market rental rates. $23,940 Pro forma annual income & $20,169 pro forma NOI, a 14.9% pro forma cap rate. Centrally located just 0.4 miles (3 blocks) from Erie High School, near Peach Street’s retail/service corridor & public bus routes. Zoned Traditional Single Family in the City of Erie. Tax abatement program available for capital improvement projects requiring a building permit. Long-term lower tenant & month-to-month upper tenant offering potential for owner-occupancy.