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Sold for $720,000
    • $720,000

    435 W 10th St, Erie, PA 16502

    16beds
    9baths
    11,568sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $834,500 Zestimate®
    $62/sqft
    $881 Estimated rent

    Home value

    $834,500

    $726,000 - $968,000

    $881/mo

    Zestimate® history
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    $881/mo

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    What's special

    11,568± SF mixed-use commercial investment opportunity featuring 8 two bedroom, 1 bathroom apartments & 1,088± SF office. 7,712± SF above grade area consists of eight 964± SF apartments: living room, kitchen/dining area, 2 bedrooms & full bathroom. Current average monthly rent is $789 with 6 of 9 tenants paying separately metered electric. Landlord pays gas, water, sewer & trash. 1,088± SF finished lower level office: 3 offices, conference room, open office area & restroom. 2,768± SF lower level basement: 6 tenant storage bins, utility room & laundry room. Built in 1969 on 0.3133± acres zoned RLB, Residential Limited Business. 16 car paved parking lot. Public utilities, gas forced air heat & central air conditioning. $88,320 Total Annual Rental Income. $64,188 Net operating income. Upside potential with below market rents – $788/month average rent. $100,200 pro-forma annual income. $76,068 Pro-forma net operating income. Offered at $795,000 – 8.10% cap rate – 9.57% pro-forma cap rate.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sherry Bauer (814)453-2000,

    SBRE - Sherry Bauer Real Estate Services

    Bought with:

    Nicholas Haller, RS363452

    Agresti Real Estate

    Source: GEMLS,MLS#: 180947Originating MLS: Greater Erie Board Of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 9
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Interior area
    • Total structure area: 11,568
    • Total interior livable area: 11,568 sqft

    Property

    Parking
    • Total spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.31 Acres
    • Dimensions: 82 x 165 x 0 x 0
    Details
    • Parcel number: 16030024.0214.00
    • Zoning description: RLB

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family
    Materials
    • Brick, Masonry
    • Roof: Composition
    Condition
    • Excellent,Resale
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Deposit fee: $20,000
    Location
    • Region: Erie

    Financial & listing details

    • Price per square foot: $62/sqft
    • Tax assessed value: $248,700
    • Annual tax amount: $9,833
    • Date on market: 12/3/2024
    • Cumulative days on market: 48 days
    • Listing terms: Owner May Carry
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/14/2025Sold$720,000-9.4%$62/sqft
    Source: GEMLS #180947 Report a problem
    1/20/2025Pending sale$795,000$69/sqft
    Source: GEMLS #180947 Report a problem
    12/3/2024Listed for sale$795,000$69/sqft
    Source: GEMLS #180947 Report a problem
    2/28/2021Listing removed--
    Source: Owner Report a problem
    8/6/2020Listing removed$670
    Source: Owner Report a problem
    5/30/2020Listed for rent$670
    Source: Owner Report a problem
    4/13/2020Listing removed$670
    Source: Owner Report a problem
    3/13/2020Listed for rent$670
    Source: Owner Report a problem
    9/12/2019Listing removed$670
    Source: Owner Report a problem
    8/31/2019Listed for rent$670
    Source: Owner Report a problem
    6/13/2019Listing removed$670
    Source: Owner Report a problem
    4/13/2019Listed for rent$670
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,833 $248,700
    2024$9,833 +5.2%$248,700
    2023$9,348 +2.1%$248,700
    2022$9,152 $248,700
    2021$9,152 +95.4%$248,700
    2020$4,683 -44.9%$248,700
    2019$8,493 -12.8%$248,700
    2018$9,741 +3.6%$248,700
    2017$9,404 +0.7%$248,700
    2016$9,342 +15.9%$248,700
    2015$8,059 $248,700
    Find assessor info on the county website

    Neighborhood: 16502

    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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    $834,500
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    With Zillow Showcase(estimated)
    $851,190

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