Last Sold Price
6 beds3 baths1,920 sqft$70/sqft
2901 Reed St, Erie, PA 16504

Description

Very Well Improved and Maintained Tri-Plex in SE Erie to Start or Add to Your Portfolio! This money maker has had the following improvements done by the current owner: New Roof 2016 w/30 year shingle, (2) Forced Air High Efficient Furnaces (Units 1 & 2), Electric Baseboard Heat in Lower Level Unit, All New Vinyl Windows, Siding & Gutters. All 3 kitchens were updated, basement bath remodeled & sinks, toilets, etc. for other two baths. Unit #1 is the front unit w/2 bedrooms, full bath/laundry hookups,...Very Well Improved and Maintained Tri-Plex in SE Erie to Start or Add to Your Portfolio! This money maker has had the following improvements done by the current owner: New Roof 2016 w/30 year shingle, (2) Forced Air High Efficient Furnaces (Units 1 & 2), Electric Baseboard Heat in Lower Level Unit, All New Vinyl Windows, Siding & Gutters. All 3 kitchens were updated, basement bath remodeled & sinks, toilets, etc. for other two baths. Unit #1 is the front unit w/2 bedrooms, full bath/laundry hookups, kitchen, dining & living rooms. Unit #2 is a one bedroom, one full bath w/living, dining rooms & open kitchen. Laundry is in closet in living room. Tenant has lived there over 10 years. Unit #3 is a 3 bedroom, one full bath in lower level w/living room & eat in kitchen. The tenant has basement access and has been there over 5 years. Unit #3 has an Electric Water Tank and Units #1 & #2 have Gas Water Tanks. Each unit has a stove and refrigerator, off street parking and laundry hookups.
LISTING CLOSED: 08/19/2024 12:00 AM

  1. Listed by Fred Amendola • Keller Williams Realty
    P: (814)-882-4100 C: (814)-882-4100 fredamendola@kw.com

Property Details for 2901 Reed Street

Status
MLS #
177795
Days on Market
7
Taxes
$2,825 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Triplex
Year Built
1951
Lot Size
0.14 AC / 6,076 SF
Architectural Style
Triplex
Zoning Description
R-1A

Location

Listing Courtesy of Keller Williams Realty

Sold By RE/MAX Real Estate Group Erie

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Building Information for 2901 Reed Street

Stories-Residences3Year Built1951Building Size-Lot Size0.14 AC / 6,076 SF

Payment Calculator

$922 per month

30 year fixed, 6.55% Interest

Principal and Interest

$686

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2901 Reed Street

Summary
Location and General Information
  • Directions: From East 26th & Parade Streets, Head East on 26th Street 3 Blocks to South on Reed Street. Property is on the SE Corner of 29th & Reed Streets
  • Latitude: 42.115072
  • Longitude: -80.056173
  • MLS Area Major: 4 - Erie Southeast
  • Township: Erie
Taxes and HOA
  • Parcel Number: 18-050-061.0-119.00
  • Tax Annual Amount: $2,825.00
  • Tax Assessed Value: $73,000
  • Tax Year: 2024
School Information
  • Elementary School District: City-Erie
  • High School District: City-Erie
  • Middle or Junior School District: City-Erie
Parking
  • Parking Total: 3.0
Virtual Tour
Property
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.1395
  • Lot Size Area: 0.1395
  • Lot Size Dimensions: 50x150x50x150
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 1920.0
  • Living Area: 1920.0
  • Living Area Source: Assessor
  • Property Condition: Excellent, Resale
  • Year Built: 1951
  • Year Built Details: Actual
Building Features
  • Construction Materials: Vinyl Siding
  • Structure Type: Triplex
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Total Bedrooms: 6
  • Cooling: Window Units
  • Has Cooling: Yes
  • Heating: See Remarks
Exterior Features
  • Roof: Asphalt
Multi Family
Multi Family Information
  • Number of Units In Community: 3
  • Total Number of Units: 3
Income & Expenses
  • Gross Income: $22,400.00
  • Insurance Expense: $740.00
  • Maintenance Expense: $500.00
  • Net Operating Income: $14,112.00
  • Other Expense: $500.00
  • Water Sewer Expense: $3,763.00
Unit Information
Unit 1
  • Actual Rent: $650.00
  • Actual Rent Range: 650
  • Area: 960.0
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Description: Basement Tenant Use,Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 2
  • Actual Rent: $520.00
  • Actual Rent Range: 520
  • Area: 960.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Dishwasher,Laundry,Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 3
  • Actual Rent: $700.00
  • Actual Rent Range: 700
  • Area: 960.0
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Laundry,Range/Oven,Refrigerator
  • Occupant Type: Occupied
Rental
Rent Information
  • Security Deposit: $3,000.00

Property History for 2901 Reed Street

DateEvent & SourcePriceAppreciation
Aug 19, 2024

Sold (Public Record)

Public Record #1540172806

$135,000
Aug 19, 2024

Sold

Greater Erie Board of REALTORS #177795

$135,000
Jul 8, 2024

Pending

Greater Erie Board of REALTORS #177795

DateEvent & SourcePrice
08/19/2024

Sold (Public Record)

Public Record #1540172806

$135,000
08/19/2024

Sold

Greater Erie Board of REALTORS #177795

$135,000
07/08/2024

Pending

Greater Erie Board of REALTORS #177795

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

Public Records for 2901 Reed Street

Taxable ValueLand$17,800Additions$55,200Total$73,000
Tax Record2026$2,983 ($249 / month)
Home Facts
Baths3Total Finished SqFt1,920 SqFtAbove Grade Finished SqFt1,920 SqFtStories1Lot Size6,077 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951Year Renovated1951ZoningR1CountyERIEAPN18-050-061.0-119.00

Schools near 2901 Reed Street

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
Lincoln El School
PublicPK to 5

Wilson 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: 2901 Reed Street, Erie, PA 16504
$135,000
6
3
1,920
6,076
$66,065
4
1
1,310
6,072
$50,000
3
1,181
4,748
$35,000
1
2,934
3,920
$63,500
3
1,396
3,920
$125,900
3
1,248
4,051

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 Keller Williams Realty

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.