$830 Closing Credit¹
#181405, Listing Office: Agresti Real Estate
$830
closing credit¹
555 E 7th St Erie, PA 16503
$69,900 List price
$830
Closing credit¹
6 beds
2 baths
2,456 sqft
0.10 acres
$28 / sqft
Multi-Family
Property details
About 555 E 7th St
Your Next Investment Property is Here! Low taxes and Good Rental income! This property Has 2 Units - Upstairs is Rented at 900 a month which includes 50 for the attic storage and driveway and tenants pay all utilities except W,S,T. Upstairs tenant is also a life long contractor and is the properties in home handy man. Downstairs unit is vacant and rents between 700 - 900 a month because it is a very spacious. The proforma Cap rate is 27%!! Current Cap rate with just the one tenant is still good at 15.5% Property does need some TLC and the tenant is willing to give a quote and do the any work that is requested for the new owner.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
Size2,456 sqft
Lot size0.0965 Acres
Year built1877
MLS #181237
Summary
- MLS Number: 181237
- MLS Name: EriePA
- Office Name: Agresti Real Estate
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/9/2025, 8:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$69,900
555 E 7th St
$830
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 15, 2021 | Home Sold | $42,000 |
| Feb 04, 2020 | Home Sold | $30,000 |
| May 09, 2018 | Home Sold | $90,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $22,900 | $871 |
| 2023 | $22,900 | $860 |
| 2022 | $22,900 | $860 |
| 2021 | $22,900 | $830 |
| 2020 | $22,900 | $825 |
| 2019 | $22,900 | $782 |
| 2018 | $22,900 | $773 |
| 2017 | $22,900 | $771 |
History based on county public records data.
Nearby schools
5
Pfeiffer-Burleigh Elementary School
Public District PK-5
0.5 mi
•235 E 11th St
3
McKinley Elementary School
Public District PK-5
1.1 mi
•933 E 22nd St
4
Lincoln Elementary School
Public District PK-5
1.6 mi
•831 E 31st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,768. The majority of Erie, PA residents have income less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
70%
<35k
27%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
25%
Single, with Kids
8%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
11%
12-17 yrs old
22%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
UFC
Soccer- Pro Boxing
Where do the neighbors shop?
Family Dollar
Forever 21
Burlington
Where do the neighbors go to eat?
Burger King
Dominos Pizza
Popeyes
What do the neighbors drive?
Buick
Mazda
Dodge
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Erie, PA
About 555 E 7th St
This home is located at 555 E 7th St in Erie, PA and zip code 16503. This 2,456 square foot home, which was built in 1877, sits on a 0.10 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $69,900.
Over 15 listings were sold over their listed price in January 2025 in Erie, PA. In the same period over 36 listings were sold below the listed price and 11 listings were sold for the listed price. The inventory of homes for sale in Erie, PA between December and January 2025 decreased by 11.7%. Listings spent 27 days on the market in January 2025, and had a median list price of $170,096 during the same period.
From Rocket Homes Real Estate and based on county public records data.