# 1029 31 EAST Avenue, Erie, PA 16503

> **TL;DR:** commercial, $329,900 ($43/sqft), built 1909, 7,667 sqft. Est. $1,764/mo. Listed 213 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $329,900 |
| Price/sqft | $43 |
| Square Feet | 7,667 |
| Year Built | 1909 |
| Lot Size | 4,883 sqft (0.11 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 213 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,668 |
| Estimated Insurance | $96 |
| **Total** | **$1,764** |

## Property Highlights

- Built in 1909
- 0.11 acre lot

## Description

### Agent Description
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.

## Location

- **Address:** 1029 31 EAST Avenue, Erie, PA 16503
- **County:** Erie

## Listing Agent

- **Name:** Stephen Chiz · **License:** RS362944
- **Brokerage:** Agresti Real Estate
- **Broker Phone:** (814) 459-9400

## Photos

![1029 31 EAST Avenue - Photo 1](http://lh.rdcpix.com/2b55b070f9a815ee8562653bdce65bd0l-f458448209r.jpg)

![1029 31 EAST Avenue - Photo 2](http://lh.rdcpix.com/2b55b070f9a815ee8562653bdce65bd0l-f4140123980r.jpg)

![1029 31 EAST Avenue - Photo 3](http://lh.rdcpix.com/2b55b070f9a815ee8562653bdce65bd0l-f4245868079r.jpg)

![1029 31 EAST Avenue - Photo 4](http://lh.rdcpix.com/2b55b070f9a815ee8562653bdce65bd0l-f635813337r.jpg)

---

**MLS#:** 190253 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1029-31-east-avenue-erie-pa-16503-d8e733f266df4cec8ae08e402fe9aa96)

---

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