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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.
    168 days
    |
    601
    |
    18
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 04, 2026 at 11:14am

    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

    HOA
    • Deposit fee: $15,000
    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: 169 days
    • Road surface type: Paved

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,127/mo

    Price history

    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

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $2,576/mo
    Principal & interest
    $2038
    Property taxes
    $538
    More affordability tools

      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.

      Local experts in 16505