2930 Cherry Street

Includes two parcels: 2931 Maple Street & 2930 Cherry Street. Parking lot along west side of Cherry Street just south of W. 29th Street at tee with Stafford Avenue. Additional frontage along Maple Street.4-Unit, mixed-use investment package for sale. Comprised of 2 contiguous parcels totaling 4,850± SF on 0.12± acres with 1 commercial unit & 3 residential rentals with excellent rental history. Ideal opportunity for the investor seeking upside potential or the entrepreneur looking for a commercial space for their own business with rental income. $35,445 annual income & $26,522 net operating income based on 2025; offered at $310,000 – 8.6% actual cap rate. Upside potential with below market rents. $45,300 pro forma annual income - $34,695 pro forma NOI – 11.2% pro forma cap rate. Unit mix includes one 1 bed/1 bath apartment, one 2 bed/1 bath apartment, one 3 bed/1 bath single family home & 911± SF office/storefront. Two bedroom apartment was vacated in October 2026 by a long-term tenant with 17+ year tenancy – currently under renovation and offered for lease at $875/month plus utilities. The first floor commercial unit was vacated in 2025 after 10+ year tenancy and is newly offered for lease at $925/month + utilities. Floor plans available for some units. Off-street parking for ±11 with paved parking lot for ±9 & private driveway plus on-street parking. All units are separately metered for gas &/or electric (1 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. Tax abatement program available for capital improvement projects requiring a building permit. May sub-divide to sell separately. Contact broker for additional details or to schedule a tour.