Condo Investment Properties for Sale in Erie, PA
321- 2 Bed
- 2 Bath
- 1290 sft
38- 3 Bed
- 3 Bath
- 1749 sft
351- 3 Bed
- 3 Bath
- 1404 sft
210- 2 Bed
- 2 Bath
- 1149 sft
Why Invest in Erie, Pennsylvania?
Erie, PA condos offer compelling investment potential in an emerging secondary market with strong rental fundamentals. The market has experienced 7.4% home value appreciation since 2024, with asking rent growth of 6.8% since Q1 2024 and a tight multifamily vacancy rate of 2.9%. Condo investors benefit from a 8.7% cap rate environment and median home values around $197,627, making entry costs significantly lower than major metros. The city's population of 267,571 and improving affordability metrics position it as an attractive market for cash flow-focused investors seeking geographic diversification.
Frequently Asked Questions
Erie offers a combination of strong rental yield (6.8% asking rent growth), tight vacancy rates (2.9%), and attractive cap rates (8.7%), making it ideal for cash flow-focused investors. The market's lower entry costs compared to major metros, coupled with 7.4% home value appreciation, provide both income and appreciation potential.
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