2930 Cherry Street

For Sale

2930 Cherry Street, Erie, PA 16508

This Erie property for sale is located at 2930 Cherry Street. The current listed sale price for 2930 Cherry Street is $645,000. 2930 Cherry Street is situated on a lot that is 0.19 acre in size.

Contacts

Sherry Bauer

SBRE - Sherry Bauer Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 6,560 SF
  • Units 6
  • Lot Size 0.19 Acre
  • Parking Spaces Avail. 14
  • Parking Ratio 2.13 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1909
  • Date Updated May 8, 2026
West side of Cherry Street just south of W. 29th Street at tee with Stafford Avenue. Additional frontage along Maple Street.6-Unit, mixed-use investment package for sale. Comprised of 3 contiguous parcels totaling 0.19± acres with 1 commercial unit & 5 residential rentals totaling 6,560± SF. 83% occupancy with excellent income history. $54,615 annual income & $42,040 net operating income (actual - 2025). Upside potential with below market rents. Unit mix includes 911± SF office/storefront, one 1 bedroom/1 bathroom apartment, one 2 bedroom/1 bathroom apartment, one 3 bedroom/1 bathroom single family home & two 3 bedroom/1 bathroom apartments. Off-street parking for ±14 with paved parking lot for ±9 and two private driveways plus on-street parking. All units are separately metered for gas &/or electric (one unit all electric). Centrally located just 0.4 miles (3 blocks) from Erie High School, the City’s only high school, and near Peach Street’s retail/service corridor and multiple public bus routes. Zoned Traditional Single Family Development (R-1A) in the City of Erie’s west side. $70,053 pro forma annual income - $57,959 pro forma NOI. Offered at $645,000 – 9.0% pro forma cap rate.
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Highlights

  • $54,615 Annual Income & $42,040 Net Operating Income (2025 Actual)
  • $70,053 Pro Forma Annual Income - $57,959 Pro Forma NOI
  • ±14 Off-Street Parking Spaces In Shared Parking Lot & Driveways Plus Street Parking
  • 1 Bedroom, 1 Bathroom Apartment – Occupied
  • 1 Commercial Unit & 5 Residential Units
  • 2 Bedroom, 1 Bathroom Apartment – Occupied
  • 3 Bedroom, 1 Bathroom Single Family Residence – Occupied
  • 6-Unit, 3 Property Mixed-Use Investment Package Totaling 6,560± SF
  • 83% Occupancy – Excellent Rental History
  • 911± SF First Floor Commercial Space – Recently Vacated After Long-Term Tenancy
  • Centrally Located Just 0.4 Miles (±3 Blocks) From Erie High School
  • Comprised Of 3 Contiguous Parcels Totaling 0.19± Acres
  • Near Peach Street Retail/Service Corridor & Multiple Public Bus Routes
  • Offered At $645,000 – 9.0% Pro Forma Cap Rate
  • Separately Metered Gas & Electric
  • Two 3 Bedroom, 1 Bathroom Apartments – Occupied
  • Upside Potential With Below Market Rental Rates
  • Zoned Traditional Single Family Development (R-1A)

Attachments

Getting around

  • 70/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Erie, PA
  • Zip Code 16508

Points of Interest

  • Erie Zoo Train Station

    0.62 miles

  • L. Ruth Express

    3.68 miles

  • Kwik Fill

    0.40 miles

  • Citgo

    0.54 miles

  • Trillium

    1.32 miles

  • Sunoco

    1.43 miles

  • Shell

    1.55 miles

  • Tesla Supercharger

    3.59 miles

  • Saint Vincent Parking Garage

    0.54 miles

  • Erie Veterans Medical Center Parking Garage

    1.06 miles

  • EMTA Parking Garage

    1.36 miles

  • East Erie Parking Garage

    1.51 miles

  • Erie Parking Garage

    1.54 miles

  • PNC Bank Parking Garage

    1.60 miles

  • Garage Q

    1.62 miles

  • Mercyhurst Parking Garage

    1.68 miles

  • East 8th & French Parking Garage

    1.70 miles

  • Red Roof PLUS+ & Suites Erie - Downtown

    1.07 miles

  • Avalon Hotel & Conference Center

    1.51 miles

  • Spencer House Bed & Breakfast

    1.59 miles

  • Victoria Inn - Erie

    1.88 miles

  • Cobblestone Hotel & Suites - Erie

    1.99 miles

  • Hampton Inn & Suites East Erie Bayfront

    2.23 miles

  • Sheraton Erie Bayfront Hotel

    2.31 miles

  • Courtyard Erie Bayfront

    2.32 miles

  • TownePlace Suites

    2.46 miles

  • Fairfield Inn Erie Millcreek Mall

    2.48 miles

  • Tops

    0.45 miles

  • Fresh Asian Mini Mart

    0.61 miles

  • Lake Erie International Market

    0.62 miles

  • Rippers

    0.78 miles

  • Erie Food Co-op

    0.87 miles

  • Larry's Central Market

    0.99 miles

  • City Fresh & Fast Mart

    1.01 miles

  • BFA Mart

    1.15 miles

  • Stanganelli's

    1.29 miles

  • Fadak International Food Market

    1.30 miles

Contact Listing Broker
Sherry Bauer

SBRE - Sherry Bauer Real Estate

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