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Property view

4175 W Ridge Road, 
Erie, PA 16506

$4,100,000


78

Beds


72

Baths


36,696

Sq Ft


Multi-Family

Sold

Listed by

Jake Scheloske

Bought with Agresti Real Estate

Agresti Real Estate

814-459-9400

MLS#

181424

Source:

PA GEBR

Sorry, we are unable to map this address

About This Home

4175 W Ridge Road

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!

Home Facts

Multi-Family

72 Baths

78 Bedrooms

Built in 1985

Price Summary

4,200,000

$114 per Sq. Ft.

MLS #:

181424

Sold:

May 7, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

78

Bathrooms

Total Bathrooms:

72

Interior

Living Area:

36,696 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

36,696 Sq. Ft.

Year Built:

1985


Lot

Lot Size (Sq. Ft):

108,028


Finances & Disclosures

Finances

Price:

$4,200,000

Price per Sq. Ft:

$114 per Sq. Ft.

Source:PA GEBR
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