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.
Pending
$425,000
4845 W Lake Rd, Erie, PA 16505
--beds
7baths
6,800sqft
Est.:
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Prime visibilityHalf-acre lotFlexible layoutStrong traffic exposure
- 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
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Pending sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
| 1/9/2026 | Listed for sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
| 11/1/2025 | Pending sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
| 9/23/2025 | Listed for sale | $425,000$63/sqft |
Source: GEMLS #188088 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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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
Nearby schools
GreatSchools rating
- 5/10Tracy El SchoolGrades: K-5Distance: 3.3 mi
- 6/10Westlake Middle SchoolGrades: PK,6-8Distance: 0.9 mi
- 7/10McDowell High SchoolGrades: PK,9-12Distance: 2.2 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Pennsylvania
- Erie County
- Erie
- 16505
- 4845 W Lake Rd



