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3006 Cherry Street, 
Erie, PA 16508

$135,000

6

Beds

2

Baths

1,710

Sq Ft

Multi-Family

Pending

Listed by

Sherry Bauer

Sbre - Sherry Bauer Real Estate Services

814-453-2000

Last updated:

September 1, 2026, 07:36 AM

MLS#

192327

Source:

PA GEBR

About This Home

3006 Cherry Street

2-Unit, multi-family investment property for sale. 1,710± SF two-story, 2-unit, flat-style building with two 3 bedroom, 1 bathroom apartments. Fully occupied. Landlord owned appliances included: refrigerator, range, washer & dryer in each unit. Forced air gas heat & central air conditioning. Off-street parking for ±3 in private driveway plus street parking. Separately metered gas & electric. $19,170 Annual income & $15,518 net operating income (actual 2025) – offered at 11.5% cap rate. Upside potential with below market rental rates. $23,940 Pro forma annual income & $20,169 pro forma NOI, a 14.9% pro forma cap rate. Centrally located just 0.4 miles (3 blocks) from Erie High School, near Peach Street’s retail/service corridor & public bus routes. Zoned Traditional Single Family in the City of Erie. Tax abatement program available for capital improvement projects requiring a building permit. Long-term lower tenant & month-to-month upper tenant offering potential for owner-occupancy.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1908

Price Summary

135,000

$78 per Sq. Ft.

MLS #:

192327

Last Updated:

September 1, 2026, 07:36 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,710 Sq. Ft.

Structure

Structure

Architectural Style:

Two Story

Building Area:

1,710 Sq. Ft.

Year Built:

1908

Lot

Lot Size (Sq. Ft):

3,001

Finances & Disclosures

Finances

Price:

$135,000

Price per Sq. Ft:

$78 per Sq. Ft.

Source:PA GEBR
The information being provided by Greater Erie Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Erie Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.