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4175 W RIDGE Road, Erie, PA 16506

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For Sale
Sale Pending

$4,200,000

78 beds • 36,696 sqft

Estimated Payment

$ 26,280 /mo. †

6.67% APR for 30 yrs.
$55,986 in taxes
Change Loan Terms

  • Single Family Attached
    Property type

  • $114.45
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Rare opportunity to own a 45-unit townhouse complex in highly sought-after Millcreek Township & School District. This well-maintained property includes 33 townhouses, each with 2 bedrooms, full basements, & 1.5 baths in 27 units. Additionally, there are 12 apartments, offering a diverse mix of rental options. Recent improvements include new roofs & gutters (2017), all windows replaced, & ample parking. On-site laundry adds convenience. Current rents for townhouses range from $900-$1000, but based on a market analysis, significant rent growth potential exists townhouses can easily rent for $1100-$1200, & apartments for $800. With each unit individually metered for gas, electric, and water (tenants pay utilities), the owner only covers sewer & garbage. This property offers incredible cash flow potential & can achieve a 9.62%+ CAP rate based on projected APOD. Prime location close to all amenities makes this a perfect investment! Located by LECOM adds extra premium rent possibilities!
MLS# 181424

Courtesy Of Agresti Real Estate

(814) 459-9400

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Vinyl Siding
  • Lot Size
    2.48 Acres

Map and Directions

Directions to 4175 W RIDGE Road, Erie, PA 16506

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(610) 791-2121
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $21,615
  • Property Taxes
    $4,665
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $26,280

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

Schools

Asbury Elementary School

Grades KG-5 Public School

Fairview, PA 16415 2.2 miles
5875 sterrettania rd

523 total students
15:1 Student teacher ratio

School Rating: B+

School Details

Westlake Middle School

Grades 6-8 Public School

Erie, PA 16505 1.2 miles
4330 w lake rd

532 total students
15:1 Student teacher ratio

School Rating: B+

School Details

Mcdowell High School

Grades 9-12 Public School

Erie, PA 16506 1 miles
3580 w 38th st

2194 total students
15:1 Student teacher ratio

School Rating: B+

School Details
Other Nearby Schools Distance Type Grades School Rating
South Hills Child Development Center Inc 1.2 miles Private PK-KG
Grandview Elementary School 1.8 miles Public KG-5 B
Walnut Creek Middle School 2.3 miles Public 6-8 B-
St Jude School 2.3 miles Private PK-8
Leadership Christian Academy 2.5 miles Private PK-8
Our Lady Of Peace Elementary School 2.5 miles Private PK-8
Montessori Regional Charter School 2.5 miles Public KG-6 C
Tracy Elementary School 2.6 miles Public KG-5 B
Villa Maria Academy 2.6 miles Private 9-12
Community Country Day School 2.9 miles Private 1-12
Bethel Christian School 3.3 miles Private KG-12
Harding Elementary School 3.5 miles Public PK-5 C-
Grover Cleveland Elementary School 3.6 miles Public PK-5 C+
St George Grade School 4 miles Private KG-8
Strong Vincent Middle School 4 miles Public 6-8 B-
Erie Day School 4 miles Private PK-8
Perry Elementary School 4.3 miles Public PK-5 D

South Hills Child Development Center Inc

Distance: 1.2 miles

Type Private

Grades: PK-KG

Grandview Elementary School

Distance: 1.8 miles

Type Public

Grades: KG-5

B

Walnut Creek Middle School

Distance: 2.3 miles

Type Public

Grades: 6-8

B-

St Jude School

Distance: 2.3 miles

Type Private

Grades: PK-8

Leadership Christian Academy

Distance: 2.5 miles

Type Private

Grades: PK-8

Our Lady Of Peace Elementary School

Distance: 2.5 miles

Type Private

Grades: PK-8

Montessori Regional Charter School

Distance: 2.5 miles

Type Public

Grades: KG-6

C

Tracy Elementary School

Distance: 2.6 miles

Type Public

Grades: KG-5

B

Villa Maria Academy

Distance: 2.6 miles

Type Private

Grades: 9-12

Community Country Day School

Distance: 2.9 miles

Type Private

Grades: 1-12

Bethel Christian School

Distance: 3.3 miles

Type Private

Grades: KG-12

Harding Elementary School

Distance: 3.5 miles

Type Public

Grades: PK-5

C-

Grover Cleveland Elementary School

Distance: 3.6 miles

Type Public

Grades: PK-5

C+

St George Grade School

Distance: 4 miles

Type Private

Grades: KG-8

Strong Vincent Middle School

Distance: 4 miles

Type Public

Grades: 6-8

B-

Erie Day School

Distance: 4 miles

Type Private

Grades: PK-8

Perry Elementary School

Distance: 4.3 miles

Type Public

Grades: PK-5

D

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 16506

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Erie, PA 16506

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

79° July
Hottest Average Month
19° February
Coldest Average Month
10,197 Total Households in Area
-0.7% Increase in population since the year 2010
27.2%
of households
have children
19 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 16506

Erie, PA 16506 has a population of 24,164 people in 10,197 households with a median age of 43 years old.

-0.7%
Decrease in population
since the year 2010
Population is Trending down
10,302
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 43 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 87%
Asian 5%
Hispanic 3%
Black 2%
Other <1%
Native American <1%
The most prevalent ethnicity is White at 87%, followed by Asian at 5%, Hispanic at 3%, and Black at 2%.

Economics
for Erie, PA 16506

1,703 /sq mi
Population Density
$82,046 /yr
Median Household Income
$252,000
Median Sales Price
19 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 $50-74,999k representing 16.28% of the households.

Transportation to Work

  • Drive 90%
  • Work from Home 8%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 7,354 68%
Rented 2,843 26%
Vacant 638 6%

White vs Blue Collar Jobs







White Collar 80%
Blue Collar 20%

Family & Education Facts
for Erie, PA 16506

43 Median Age

Average Household Size

2.3
persons per
household

52.1%

Married Households

Community Population By Education

High School Graduate 28%
Bachelors Degree 23%
Graduate Degree 18%
Some College 16%
Associates Degree 12%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 27.78% 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)
27.2% of households have children

Weather
for Erie, PA 16506

The weather for this area ranges from a high of 79° F in July to a low of 19° F in February

79° July
Hottest Average Month
19° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
19°
33°
Feb
19°
34°
Mar
26°
43°
Apr
36°
54°
May
46°
66°
Jun
56°
75°
Jul
61°
79°
Aug
60°
78°
Sep
53°
72°
Oct
43°
61°
Nov
35°
48°
Dec
25°
37°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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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.

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