Townhouse Investment Properties for Sale in Erie, PA
135- 3 Bed
- 1 Bath
- 1120 sft
584- 3 Bed
- 2 Bath
- 1359 sft
59- 4 Bed
- 1 Bath
- 1300 sft
193- 5 Bed
- 2 Bath
- 3036 sft
Why Invest in Erie, Pennsylvania?
Townhouses in Erie, PA offer strong investment potential with affordable entry points around $150K-$200K median values. Rental yields average 7-9% driven by low vacancy rates of 2.9% and steady appreciation of 3-7% annually. Cap rates hover around 8%, supported by rent growth of 6.8% and a competitive market where homes sell in 15-17 days. High renter occupancy and stable cash flows make townhouses ideal for passive income strategies. Erie's economic resilience adds long-term value for investors seeking Midwest affordability.
Frequently Asked Questions
Yes, townhouses benefit from 8% cap rates and 6.8% rent growth with low 2.9% vacancy. Affordable purchase prices around $150K-$200K yield strong cash flows. Investor demand remains high due to quick sales in 15-17 days.
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