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For sale
    • $135,000

    3006 Cherry St, Erie, PA 16508

    6beds
    2baths
    1,710sqft
    : 
    $962/mo
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    Multi Family
    Built in 1908
    -- sqft lot
    $-- Zestimate®
    $79/sqft
    $-- HOA

    What's special

    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.
    15 hours
    |
    128
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Sherry Bauer (814)453-2000,

    SBRE - Sherry Bauer Real Estate Services 814-453-2000

    Source: GEMLS,MLS#: 192327Originating MLS: Greater Erie Board Of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Interior area
      • Total structure area: 1,710
      • Total interior livable area: 1,710 sqft

      Property

      Parking
      • Total spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 3,001 Square Feet
      • Dimensions: 40 x 75 x 0 x 0
      Details
      • Parcel number: 19060044.0117.00
      • Zoning description: R-1A

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Multi Family
      Materials
      • Frame
      • Roof: Asphalt
      Condition
      • Average Condition,Resale
      • Year built: 1908

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Erie

      Financial & listing details

      • Price per square foot: $79/sqft
      • Tax assessed value: $62,350
      • Annual tax amount: $2,584
      • Date on market: 7/30/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/30/2026Listed for sale$135,000$79/sqft
        Source: GEMLS #192327 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 16508

        Getting around

        70 / 100
        Very Walkable
        36 / 100
        Some Transit
        54 / 100
        Bikeable

        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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