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4845 W Lake Road, Erie, PA 16505

Erie
Local realty services provided by:CENTURY 21 Frontier Realty
4845 W Lake Road,Erie, PA 16505
$425,000
  • - Beds
  • 4 Baths
  • 6,800 sq. ft.
  • Multi-family
  • Pending
Listed by: jake scheloske, adell lane
Office: agresti real estate
MLS#:188088
Source:PA_GEBR

Price summary

  • Price:$425,000
  • Price per sq. ft.:$62.5

About this home

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.

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Home facts

  • Year built:1974
  • Listing ID #:188088
  • Added:211 day(s) ago
  • Updated:April 14, 2026 at 07:36 AM

Rooms and interior

  • Total bathrooms:4
  • Living area:6,800 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1974
  • Building area:6,800 sq. ft.
  • Lot area:0.5 Acres
  • Architectural Style:One Story
  • Construction Materials:Block, Cedar
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$62.5
  • Tax amount:$8,831 (2025)

Parking

  • Total parking spaces:30

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