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Pending
  • $425,000

    4845 W Lake Rd, Erie, PA 16505

    --beds
    7baths
    6,800sqft
    : 
    Multi Family
    Built in 1974
    -- sqft lot
    $-- Zestimate®
    $63/sqft
    $-- HOA

    What's special

    Prime visibilityHalf-acre lotFlexible layoutStrong traffic exposure
    Located along the sought-after Route 5 corridor in Northwest Millcreek Township, this 6,800± SF commercial property offers prime visibility, strong traffic exposure, and multiple income streams on a half-acre lot. The building includes 7 leased units plus an additional 8th unit previously owner-occupied, supported by 4 bathrooms and about 30 parking spaces in front and rear lots. A local church anchors the property, with additional suites leased to established businesses—creating stable, diversified rental income with room for growth through lease adjustments and full occupancy. Investors will value the reliable cash flow and tenant mix, while owner-users can offset occupancy costs with built-in income. With its premier location, flexible layout, and strong rental base, this is a turnkey investment or an ideal owner-occupied opportunity positioned for long-term upside.
    238 days
    |
    14
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jake Scheloske,

    Agresti Real Estate 814-459-9400,

    Adell Lane 814-920-2653,

    Agresti Real Estate

    Source: GEMLS,MLS#: 188088Originating MLS: Greater Erie Board Of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 7
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Interior area
      • Total structure area: 6,800
      • Total interior livable area: 6,800 sqft

      Property

      Parking
      • Total spaces: 30
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 0.5 Acres
      • Dimensions: 104 x 228 x 0 x 0
      Details
      • Parcel number: 33039144.0001.01
      • Zoning description: C-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: One Story
      • Property subtype: Multi Family
      Materials
      • Block, Cedar
      • Roof: Composition
      Condition
      • Year built: 1974

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Erie

      Financial & listing details

      • Price per square foot: $63/sqft
      • Tax assessed value: $315,900
      • Annual tax amount: $8,831
      • Date on market: 9/23/2025
      • Cumulative days on market: 239 days
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,496/mo

        Price history

        DateEventPrice
        3/4/2026Pending sale$425,000$63/sqft
        Source: GEMLS #188088 Report a problem
        1/9/2026Listed for sale$425,000$63/sqft
        Source: GEMLS #188088 Report a problem
        11/1/2025Pending sale$425,000$63/sqft
        Source: GEMLS #188088 Report a problem
        9/23/2025Listed for sale$425,000$63/sqft
        Source: GEMLS #188088 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.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 16505

          Getting around

          32 / 100
          Car-Dependent
          27 / 100
          Some Transit
          40 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Millcreek

          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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