Single Family Investment Properties for Sale in Erie, PA
520- 5 Bed
- 3 Bath
- 2396 sft
55- 4 Bed
- 4 Bath
- 2576 sft
148- 3 Bed
- 1 Bath
- 1246 sft
184- 3 Bed
- 2 Bath
- 1330 sft
Why Invest in Erie, Pennsylvania?
Single-family homes in Erie, PA offer strong investment potential with affordable entry points around $150K-$200K median values. Rental yields average 7-8% driven by low vacancy rates under 3% and steady appreciation of 6-7% annually. The market shows quick turnover with homes selling in 15-20 days, indicating solid demand. Cap rates around 8% make it attractive for cash flow-focused investors. Economic stability from manufacturing and healthcare supports long-term renter occupancy over 40%.
Frequently Asked Questions
Erie offers affordable purchase prices around $175K with average rents of $1,250 yielding 7-8% returns. Low vacancy rates under 3% and quick sales under 20 days indicate strong tenant demand. Stable local employment from healthcare and manufacturing ensures consistent occupancy.
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