Sold for $75,000
$75,000
1404 E Lake Rd, Erie, PA 16507
5beds
2baths
1,640sqft
Multi Family
Built in 1915
-- sqft lot
$99,100 Zestimate®
$46/sqft
$969 Estimated rent
Home value
$99,100
$76,000 - $125,000
$969/mo
Zestimate® history
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Owner options
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What's special
This 2-unit investment property offers a fantastic opportunity for long-term returns. The first-floor unit features a spacious 3-bedroom layout with an enclosed front porch, while the second unit offers a comfortable 2-bedroom space. Both units are tenant-occupied with a solid rental history ensuring consistent income. Tenants are responsible for all utilities, lawn care, and snow plowing. The property also boasts off-street parking and a detached garage for added convenience. Recent upgrades include new windows, insulation, plumbing, HVAC systems, and hot water tanks, all completed within the last 8 years. These improvements enhance energy efficiency and reduce maintenance costs. With a prime location and well-cared-for condition, this property is an excellent addition to any real estate portfolio.
Zillow last checked: 8 hours ago
Listing updated: May 07, 2025 at 09:58am
Listed by:
Jake Scheloske (814)449-7973,
Agresti Real Estate
Bought with:
Brandon Penn, RS324868
Keller Williams Realty
Source: GEMLS,MLS#: 181884Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 1,640
- Total interior livable area: 1,640 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 sqft
- Dimensions: 30 x 156 x 0 x 0
Details
- Parcel number: 14011002.0507.00
- Zoning description: RLB
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Resale
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Erie
HOA & financial
Other fees
- Deposit fee: $1,500
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $75,000+0.1%$46/sqft |
Source: GEMLS #181884 Report a problem | ||
| 4/6/2025 | Pending sale | $74,900$46/sqft |
Source: GEMLS #181884 Report a problem | ||
| 3/17/2025 | Listed for sale | $74,900+199.6%$46/sqft |
Source: GEMLS #181884 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/7/2018 | Listing removed | $600 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,186 | $30,000 |
| 2024 | $1,186 +5.2% | $30,000 |
| 2023 | $1,128 +2.1% | $30,000 |
Find assessor info on the county website
Neighborhood: 16507
Nearby schools
GreatSchools rating
- 2/10Edison Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10East Middle SchoolGrades: 6-8Distance: 0.3 mi
- 1/10Erie High SchoolGrades: 9-12Distance: 3 mi
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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