Skip to main content
Back to Search Results
|

1404 E LAKE Road, Erie, PA 16507

Show All 6 Photos
For Sale

$74,900

5 beds • 1,640 sqft

Estimated Payment

$ 484 /mo. †

6.67% APR for 30 yrs.
$1,186 in taxes
Change Loan Terms

  • Single Family Attached
    Property type

  • Newly Listed
    Time on Century 21

  • $45.67
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This 2-unit investment property offers a fantastic opportunity for long-term returns. The first-floor unit features a spacious 3-bedroom layout with an enclosed front porch, while the second unit offers a comfortable 2-bedroom space. Both units are tenant-occupied with a solid rental history ensuring consistent income. Tenants are responsible for all utilities, lawn care, and snow plowing. The property also boasts off-street parking and a detached garage for added convenience. Recent upgrades include new windows, insulation, plumbing, HVAC systems, and hot water tanks, all completed within the last 8 years. These improvements enhance energy efficiency and reduce maintenance costs. With a prime location and well-cared-for condition, this property is an excellent addition to any real estate portfolio.
MLS# 181884

Courtesy Of Agresti Real Estate

(814) 459-9400

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.11 Acres

Map and Directions

Directions to 1404 E LAKE Road, Erie, PA 16507

Home seller CENTURY 21 Frontier Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Frontier Realty

(724) 940-7500
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $385
  • Property Taxes
    $98
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $484

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Edison Elementary School

Grades PK-5 Public School

Erie, PA 16511 0.7 miles
1921 e lake rd

403 total students
12:1 Student teacher ratio

School Rating: D-

School Details

East Middle School

Grades 6-8 Public School

Erie, PA 16503 0.4 miles
1001 atkins st

672 total students
12:1 Student teacher ratio

School Rating: C-

School Details

Erie High School

Grades 9-12 Public School

Erie, PA 16508 3 miles
3325 cherry st

2267 total students
15:1 Student teacher ratio

School Rating: D-

School Details
Other Nearby Schools Distance Type Grades School Rating
Robert Benjamin Wiley Community Charter School 0.1 miles Public PK-8 C+
Dr Gertrude A Barber Center, Inc 0.6 miles Private PK-12
Mckinley Elementary School 1.3 miles Public PK-5 D+
Pfeiffer-burleigh Elementary School 1.5 miles Public PK-5 C+
Woodrow Wilson Middle School 1.7 miles Public 6-8 C+
Diehl Elementary School 1.7 miles Public PK-5 D+
St James Elementary School 1.8 miles Private PK-8
Lincoln Elementary School 1.9 miles Public PK-5 C-
Perseus House Charter School Of Excellence 1.9 miles Public 6-12 D
Cathedral Preparatory School 2 miles Private 9-12
Luther Memorial Academy 2 miles Private KG-8
Joanna Connell Elementary School 2.2 miles Public PK-5 C-
Northwest Pa Collegiate Academy 2.3 miles Public 9-12 A-
Iroquois Jr. / Sr. High School 2.4 miles Public 7-12 C
Iroquois Elementary School 2.4 miles Public KG-6 B-
St Luke School 2.5 miles Private PK-8
Jefferson Elementary School 2.6 miles Public PK-5 D-
Mercyhurst Preparatory School 2.8 miles Private 9-12

Robert Benjamin Wiley Community Charter School

Distance: 0.1 miles

Type Public

Grades: PK-8

C+

Dr Gertrude A Barber Center, Inc

Distance: 0.6 miles

Type Private

Grades: PK-12

Mckinley Elementary School

Distance: 1.3 miles

Type Public

Grades: PK-5

D+

Pfeiffer-burleigh Elementary School

Distance: 1.5 miles

Type Public

Grades: PK-5

C+

Woodrow Wilson Middle School

Distance: 1.7 miles

Type Public

Grades: 6-8

C+

Diehl Elementary School

Distance: 1.7 miles

Type Public

Grades: PK-5

D+

St James Elementary School

Distance: 1.8 miles

Type Private

Grades: PK-8

Lincoln Elementary School

Distance: 1.9 miles

Type Public

Grades: PK-5

C-

Perseus House Charter School Of Excellence

Distance: 1.9 miles

Type Public

Grades: 6-12

D

Cathedral Preparatory School

Distance: 2 miles

Type Private

Grades: 9-12

Luther Memorial Academy

Distance: 2 miles

Type Private

Grades: KG-8

Joanna Connell Elementary School

Distance: 2.2 miles

Type Public

Grades: PK-5

C-

Northwest Pa Collegiate Academy

Distance: 2.3 miles

Type Public

Grades: 9-12

A-

Iroquois Jr. / Sr. High School

Distance: 2.4 miles

Type Public

Grades: 7-12

C

Iroquois Elementary School

Distance: 2.4 miles

Type Public

Grades: KG-6

B-

St Luke School

Distance: 2.5 miles

Type Private

Grades: PK-8

Jefferson Elementary School

Distance: 2.6 miles

Type Public

Grades: PK-5

D-

Mercyhurst Preparatory School

Distance: 2.8 miles

Type Private

Grades: 9-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Erie, PA 16507

Tour the area

Schedule a
tour with a
personal guide

Erie, PA 16507

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are below the national average.

80° July
Hottest Average Month
20° February
Coldest Average Month
4,557 Total Households in Area
-0.7% Increase in population since the year 2010
20.4%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Erie, PA 16507

Erie, PA 16507 has a population of 11,145 people in 4,557 households with a median age of 35.6 years old.

-0.7%
Decrease in population
since the year 2010
Population is Trending down
4,601
Total households as of 2010
1.2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.6 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 63%
Black 21%
Hispanic 8%
Other 4%
Asian 3%
Native American <1%
The most prevalent ethnicity is White at 63%, followed by Black at 21%, Hispanic at 8%, and Other at 4%.

Economics
for Erie, PA 16507

868 /sq mi
Population Density
$38,632 /yr
Median Household Income
$98,745
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 19.47% of the households.

Transportation to Work

  • Drive 74%
  • Walk or Bike 13%
  • Work from Home 7%
  • Public Transit 6%

Occupancy by Type

Rented 2,904 53%
Owned 1,653 30%
Vacant 877 16%

White vs Blue Collar Jobs







White Collar 65%
Blue Collar 35%

Family & Education Facts
for Erie, PA 16507

35.6 Median Age

Average Household Size

2.2
persons per
household

21.3%

Married Households

Community Population By Education

High School Graduate 37%
Bachelors Degree 17%
Some College 14%
Some High School 13%
Associates Degree 10%
Graduate Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 37.19% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
20.4% of households have children

Weather
for Erie, PA 16507

The weather for this area ranges from a high of 80° F in July to a low of 20° F in February

80° July
Hottest Average Month
20° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
33°
Feb
20°
34°
Mar
28°
43°
Apr
38°
55°
May
48°
66°
Jun
58°
76°
Jul
63°
80°
Aug
62°
79°
Sep
55°
72°
Oct
45°
61°
Nov
36°
49°
Dec
26°
37°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Tour the area

Schedule a
tour with a
personal guide

There's more to learn about Erie, PA 16507!
Explore more local area information

An Equal Opportunity Company

Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading