Sold
Last Sold Price

1206 E Lake Rd, Erie, PA 16507

Multi FamilyProperty Type
1989Year Built
15 carsParking Spaces

Description

26 Unit Apartment Building. Gas Well. See Attached Apod. Two Index Numbers. Showings 10:00 Am Or 1:30 Pm. Seller Financing Not Available.26 Unit Apartment Building. Gas Well. See Attached Apod. Two Index Numbers. Showings 10:00 Am Or 1:30 Pm. Seller Financing Not Available.
  • Listed by: William Bucceri 814.882.6781 bbucceri@eriemoves.com • Coldwell Banker Select - Commercial
Listing closed: 02/13/2008 12:00 AM • Source: Greater Erie Board of REALTORS, MLS#: 87013
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Recent comparable sales

Median sold price

$450,000

Avg days on market

195

Sale-to-list ratio

80.0%

Erie, PA

9 comparable properties found

1

$430,000

Sold 12/20/24

Unavailable
Bedrooms
Unavailable
Bathrooms
15,314
Square Feet
0.07
Acres
a sign that is sitting in the grass
1/2
2

$450,000

Sold 04/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
68,790
Square Feet
1.58
Acres
3

$1,200,000

Sold 09/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
16,542
Square Feet
0.17
Acres
$455,000 | 636 West 3rd Street, Erie, PA 16507
1/3
4

$455,000

Sold 07/31/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.69
Acres
$87,500 | 655 Brown Avenue, Erie, PA 16502
1/11
5

$87,500

Sold 09/22/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.34
Acres
6

$275,000

Sold 04/16/26

Unavailable
Bedrooms
Unavailable
Bathrooms
9,008
Square Feet
0.41
Acres
7

$600,000

Sold 05/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
140,792
Square Feet
4.94
Acres
a view of a backyard of a house
1/3
8

$4,000

Sold 03/26/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,113
Square Feet
0.12
Acres
9

$500,000

Sold 08/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
10,200
Square Feet
2.30
Acres

Location

Listing Courtesy of Coldwell Banker Select - Commercial

Sold By Coldwell Banker Sele

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$4,207 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,990

Property Taxes

$1,217

HOA Dues

$0

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Property Information for 1206 East Lake Road

Property Details

  • Taxes: $14,609 / year
  • MLS Type: Residential Income / Multi Family
  • County: Erie County
  • Architectural Style: Three Story
  • Zoning Description: R-2

Building Information

  • Residences: 26
  • Year Built: 1989

Summary

Location and General Information
  • Directions: East Lake Road And Lighthouse Street.
  • Latitude: 42.139986
  • Longitude: -80.058646
  • MLS Area Major: 1 - Erie Northeast
Taxes and HOA
  • Parcel Number: 14-010-044.0-243.00
  • Tax Annual Amount: $14,609.00
  • Tax Assessed Value: $436,500
  • Tax Year: 2007
Parking
  • Parking Total: 15.0

Property

Lot Information
  • Lot Size Dimensions: 0x0x0x0
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1989
Building Features
  • Construction Materials: Frame
  • Levels: Three Or More
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Cooling: Window Units
  • Has Cooling: Yes
  • Heating: Gas, Hot Water
  • Has Heating: Yes
Exterior Features
  • Roof: Asphalt

Multi Family

Multi Family Information
  • Number of Units In Community: 26
Income & Expenses
  • Gross Income: $131,300.00
  • Insurance Expense: $5,500.00
  • Maintenance Expense: $10,000.00
  • Net Operating Income: $65,857.00
  • Other Expense: $9,340.00
  • Water Sewer Expense: $5,800.00

Rental

Rent Information
  • Security Deposit: $30,000.00

Property History for 1206 East Lake Road

DateEvent & SourcePriceAppreciation
Feb 13, 2008

Sold

Greater Erie Board of REALTORS #87013

$560,000—
Dec 10, 2007

Pending

Greater Erie Board of REALTORS #87013

—
May 29, 2007

Listed (Active)

Greater Erie Board of REALTORS #87013

$650,000—
DateEvent & SourcePrice
02/13/2008

Sold

Greater Erie Board of REALTORS #87013

$560,000
12/10/2007

Pending

Greater Erie Board of REALTORS #87013

—
05/29/2007

Listed (Active)

Greater Erie Board of REALTORS #87013

$650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1206 East Lake Road

Total Finished SqFt

15,840 SqFt

Above Grade Finished SqFt

15,840 SqFt

Unfinished Basement SqFt

5,280 SqFt

Stories

3

Lot Size

7,967 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 1206 East Lake Road

This home is within Erie City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicPK to 5

East Middle School
Public6 to 8

Erie High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1206 East Lake Road, Erie, PA 16507
$560,000
–
–
–
–
$60,000
4
1
1,408
2,252
–
–
2
1,972
4,186
$14,200
–
2
2,024
4,177
$25,000
3
1
1,320
2,252
$42,900
3
1,224
3,789

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Select - Commercial

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.