For sale

$375,000

4916 W Ridge Rd, Erie, PA 16506

5beds

2baths

1,984sqft

$2,572/mo

Get pre-qualified

Duplex, Multi Family, Multi Family

Built in 1945

-- sqft lot

$356,200 Zestimate^®

$189/sqft

$-- HOA

What's special

Excellent investment and redevelopment opportunity at 4916 W Ridge Rd in Millcreek Township. The property currently features a two-unit residential rental, offering immediate income potential in a highly visible location along the heavily traveled West Ridge Road corridor. One tenant has been in place and is set up with guaranteed monthly payments coming in. The first floor unit boasts recent remodels. Pictures of second floor unit coming soon. Beyond its current income-producing use, the property offers significant long-term potential through its MU-2 zoning, Millcreek Township’s most permissive zoning designation. MU-2 allows for a broad range of potential uses. This includes multi-family residential, retail, office, service, medical, commercial, and mixed-use development, giving investors and developers considerable flexibility for the future. With over an acre to develop, the possibilities are endless.

1 day
165
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air, Gas

Cooling

Window Unit(s)

Interior area

Total structure area: 1,984
Total interior livable area: 1,984 sqft

Property

Parking

Total spaces: 6
Parking features: Detached, Garage
Garage spaces: 1

Lot

Size: 1.12 Acres
Dimensions: 124 x 402 x 0 x 0
Features: Flat, Irregular Lot, See Remarks

Details

Parcel number: 33042230.1016.00
Zoning description: M-2

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family, Multi Family

Materials

Aluminum Siding
Roof: Asphalt

Condition

Resale
Year built: 1945

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Erie

Financial & listing details

Price per square foot: $189/sqft
Tax assessed value: $106,500
Annual tax amount: $3,110
Date on market: 9/2/2026
Road surface type: Paved

Estimated market value

$356,200

$338,000 - $374,000

$1,170/mo

Price history

Date	Event	Price
9/2/2026	Listed for sale	$375,000$189/sqft
Source: GEMLS #192970 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,977 +3.2%	$106,500
2024	$2,884 +8.9%	$106,500
2023	$2,648 +2.4%	$106,500
2022	$2,585	$106,500
2021	$2,585 +162%	$106,500
2020	$987 -60.4%	$106,500
2019	$2,489 -17.1%	$106,500
2018	$3,004 +3.8%	$106,500
2017	$2,894 +0.9%	$106,500
2016	$2,867 +217.3%	$106,500
2015	$904	$106,500
2014	$904 +72.1%	$106,500
2013	$525 -13.1%	$106,500 +6.7%
2012	$604	$99,840
2011	$604	$99,840
2010	$604 +11%	$99,840
2009	$544	$99,840
2008	--	$99,840
2005	$713 -1.2%	$99,840
2004	$722	$99,840
2003	--	$99,840