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4845 W Lake Road, 
Erie, PA 16505

$425,000


Bed


4

Baths


6,800

Sq Ft


Multi-Family

Pending

Listed by

Jake Scheloske

Adell Lane

Agresti Real Estate

814-459-9400

Last updated:

November 15, 2025, 09:07 AM

MLS#

188088

Source:

PA GEBR

About This Home

4845 W Lake Road

Located along the sought-after Route 5 corridor in Northwest Millcreek Township, this 6,800± SF commercial property offers prime visibility, strong traffic exposure, and multiple income streams on a half-acre lot. The building includes 7 leased units plus an additional 8th unit previously owner-occupied, supported by 4 bathrooms and about 30 parking spaces in front and rear lots. A local church anchors the property, with additional suites leased to established businesses—creating stable, diversified rental income with room for growth through lease adjustments and full occupancy. Investors will value the reliable cash flow and tenant mix, while owner-users can offset occupancy costs with built-in income. With its premier location, flexible layout, and strong rental base, this is a turnkey investment or an ideal owner-occupied opportunity positioned for long-term upside.

Home Facts

Multi-Family

4 Baths

Built in 1974

Price Summary

425,000

$62 per Sq. Ft.

MLS #:

188088

Last Updated:

November 15, 2025, 09:07 AM

Added:

2 month(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

6,800 Sq. Ft.


Structure

Structure

Architectural Style:

One Story

Building Area:

6,800 Sq. Ft.

Year Built:

1974


Lot

Lot Size (Sq. Ft):

21,780


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$62 per Sq. Ft.

Source:PA GEBR
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