4845 W Lake Rd | Image 1
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$425,000

Pending

6 months ago

MLS® 188088

0 Bed

4 Bath

6800 sqft

30 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6800 sqft
Garage No
Taxes $8,831
Lot Size 0.5 acres
Approx. Age 1974
Avg. Price Per Sqft $62
MLS® Number 188088

Property Address: 4845 W Lake Rd, Erie, PA, 16505-2973

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number188088
Laundry Level
Central VacNo
FireplaceNo
Acreage0.5
Exterior
GarageNo
Approx. Age1974
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 23, 2025List Date
$425,000List Price
  • Commute

Commute

Starting Address
Destination Address
4845 W Lake Rd, Erie, PA

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