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555 E 7TH Street, Erie, PA 16503

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For Sale

$69,900

6 beds • 2,456 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $28.46
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Your Next Investment Property is Here! Low taxes and Good Rental income! This property Has 2 Units - Upstairs is Rented at 900 a month which includes 50 for the attic storage and driveway and tenants pay all utilities except W,S,T. Upstairs tenant is also a life long contractor and is the properties in home handy man. Downstairs unit is vacant and rents between 700 - 900 a month because it is a very spacious. The proforma Cap rate is 27%!! Current Cap rate with just the one tenant is still good at 15.5% Property does need some TLC and the tenant is willing to give a quote and do the any work that is requested for the new owner.
MLS# 181237

Courtesy Of Agresti Real Estate

(814) 459-9400

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Vinyl Siding
  • Lot Size
    0.1 Acres

Map and Directions

Directions to 555 E 7TH Street, Erie, PA 16503

Home seller CENTURY 21 Covered Bridges 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 Covered Bridges Realty

(570) 784-2821
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

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

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

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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© 2024. 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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