Double lot

Opportunity meets potential with this unique investor special located in the Erie area. Sitting on a rare double lot and set well back from the road, this 4-bedroom, 1-bath single-family home offers space, flexibility, and significant upside for buyers ready to take on a value-add project. With approximately 1,733 square feet of interior living space and a generous lot layout, this property presents an excellent chance to renovate, expand, or reposition for long-term returns.

Built in 1900, this one-story home carries the character of an earlier era while providing a large footprint that can be reimagined for modern living. The layout includes four bedrooms, all located on the first floor, making it convenient and accessible for a variety of uses. Whether you envision a spacious family home, a rental property, or a multi-use investment, the existing structure offers a strong starting point.

As you approach the property, one of the first things you’ll notice is its positioning on the lot. Set well back from the road, the home benefits from added privacy and a sense of separation from street activity. This placement also opens up the front portion of the property, creating opportunities for additional parking, landscaping, or even future improvements depending on local zoning regulations.

The double lot itself is a major highlight. With approximately 6,534 square feet and a level topography, the land provides flexibility that is often hard to find in similar price ranges. Investors may consider expanding outdoor amenities, adding parking spaces, or enhancing curb appeal to increase overall value. The extra space can also be appealing to future buyers or tenants who appreciate room for outdoor activities.

Inside, the home offers a traditional layout with defined living spaces, including a living room, dining room, kitchen, and an additional flexible-use area. While the interior will require updates, the size and structure provide a solid foundation for renovation. The living room can be transformed into a welcoming gathering space, while the dining area offers potential for entertaining or family meals.

The kitchen, located on the first floor, is ready for a complete redesign. This presents an opportunity to create a modern, functional cooking space that aligns with today’s preferences. Upgrades such as new cabinetry, countertops, appliances, and lighting can dramatically improve both usability and visual appeal.

All four bedrooms are situated on the main level, offering convenience and versatility. These rooms can be adapted to suit a variety of needs, including sleeping quarters, home offices, or hobby spaces. With thoughtful updates such as new flooring, paint, and fixtures, each room can be refreshed to meet modern standards.

The home includes one full bathroom, also located on the first floor. Like the rest of the interior, it will benefit from renovation, but it provides a starting point for creating a clean and functional space. Updating plumbing fixtures, finishes, and layout can significantly enhance comfort and value.

Flooring throughout the home is currently laminate, which may be retained, updated, or replaced depending on your renovation plans. The property also includes a partial basement, offering additional storage or utility space. While not fully finished, this area can serve practical purposes and potentially be improved for added functionality.

Heating is provided by a gas system, which is a positive feature for efficiency and cost management. The home does not currently include a cooling system, giving buyers the opportunity to install solutions that fit their needs, such as central air or ductless systems.

Utilities include public water and public sewer, simplifying ownership and eliminating the need for private systems. These connections are particularly valuable for investors and homeowners alike, as they reduce complexity and maintenance requirements.

From a structural standpoint, the home is built with durable materials and features a composition roof. While updates and repairs are expected, the overall framework provides a base for transformation. Buyers should conduct inspections to fully understand the condition and scope of work required.

Financially, this property stands out for its extremely low price per square foot, making it one of the more affordable opportunities on the market. With a tax assessed value of just $3,000 and annual property taxes of approximately $118, the holding costs are minimal. This affordability creates room in the budget for renovations and improvements, increasing the potential for strong returns.

The property is being sold as-is and cash only, which is typical for homes in need of significant work. This type of sale appeals to investors and buyers who are prepared to move quickly and handle renovations independently. While financing options may be limited, the lower purchase price can make the project more accessible for those with available capital.

Located in Erie, the property benefits from a setting that combines residential convenience with access to local amenities. The paved road access ensures ease of entry, and the surrounding area may offer proximity to schools, shopping, and services. This balance of accessibility and neighborhood setting can enhance the property’s appeal after renovation.

The R-2 zoning designation may provide additional flexibility, potentially allowing for various residential uses depending on local regulations. Buyers interested in maximizing the property’s potential should verify zoning details and explore permitted uses with local authorities.

This property is particularly well-suited for:

Investors seeking a low-cost entry point with high upside potential
Contractors looking for a renovation project with space to expand
Buyers interested in creating a customized home on a larger-than-average lot
Land-focused investors who value the benefits of a double parcel

Imagine the possibilities: a fully renovated home with updated interiors, expanded parking, and enhanced outdoor space. Picture a property that stands out in the neighborhood for its size, layout, and functionality. With the right vision and execution, this listing can be transformed into a valuable asset.

The double lot provides a unique advantage, offering flexibility that goes beyond the home itself. Whether you choose to enhance the existing structure, develop the land further, or simply enjoy the additional space, this feature sets the property apart from many others in its price range.

As with any investment property, due diligence is key. Buyers should carefully evaluate the condition, estimate renovation costs, and plan their approach before making a purchase. Understanding the full scope of the project will help ensure a successful outcome and maximize returns.

In today’s market, opportunities like this—combining affordability, land value, and renovation potential—are increasingly rare. This property offers a chance to acquire both space and structure at a price point that leaves room for improvement and profit.

Don’t miss the opportunity to turn this investor special into a rewarding project. With its spacious layout, double lot, and strong potential, this Erie property is ready for a new chapter shaped by your vision and investment strategy.

Listed on Zillow