Ad #7553310
MLS #190291
An exceptional opportunity to add a high-performing mixed-use
1029 31 EAST Ave, Erie, Pennsylvania, 16503
$329,900
6Beds
8Baths
7,667Sqft
0.112Acres
About this property
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.
Property Features
6 Beds
8 Baths
7,667 Sqft
Built in 1909
0.112 Acres
2 Stories
Siding: Mixed
Metal Roof
Natural Gas, Forced Air
$2,967 / yr property tax
Erie County
Additional Photos
Contact Information
Stephen Chiz
Agresti Real Estate
814-882-3989
Location
Listing Agent: Stephen Chiz (License #: RS362944) 814-882-3989
Broker: Agresti Real Estate 814-459-9400 Listing Site
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Agresti Real Estate 814-459-9400 Listing Site
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$329,900
6
Beds
8
Baths
7,667
Sqft
1029 31 EAST Ave, Erie, Pennsylvania, 16503
By contacting this agent you agree to these Terms and Conditions.
MLS# 190291
An exceptional opportunity to add a high-performing mixed-use
$329,900
1029 31 EAST Ave, Erie, Pennsylvania, 16503
6
Beds
8
Baths
7,667
Sqft
0.112
Acres
$329,900
1029 31 EAST Ave, Erie, Pennsylvania, 16503
6 Beds
8 Baths
7,667 Sqft
0.112 Acres
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.
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Property Details
HOME DETAILS
6 Beds
8 Baths
7,667 Sqft
Built in 1909
0.112 Acres
2 Stories
EXTERIOR
Siding: Mixed
Metal Roof
INTERIOR
Natural Gas, Forced Air
FINANCIAL & COMMUNITY
$2,967 / yr property tax
Erie County
See More Details
Location
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Ad Statistics
Ad Number
7553310
Viewed
53 times
Listing Status
Active
Added
Apr 10, 2026
Last Refresh
Jul 24, 2026 07:15:10 PM
Listing Information
Data Source
Greater Erie Board of Realtors MLS
Source Property ID
190291
Listing Agent: Stephen Chiz (License #: RS362944) 814-882-3989
Broker: Agresti Real Estate 814-459-9400 Listing Site
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Agresti Real Estate 814-459-9400 Listing Site
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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