7582 W Ridge Rd Fairview, PA 16415

4 beds · 2 baths · 2,379 sq ft · Lot Size: 17,738 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $84,530

High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageGood value per sqftOwned for 5 - 10 Years

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7582 W Ridge Rd is in the 16415 neighborhood of Fairview, PA. It is located in Erie County and ZIP code 16415. This Multi-Family Home (2 - 4 units) was built in 1917 and is approximately 108 years old. The multi-family home (2 - 4 units) spans 2379 sq ft with 4 bedrooms and 2 bathrooms and sits on a 17738 sq ft lot. According to public records, it was last sold in 2016 for $155,000 and has a tax-assessed value of $55,000, which is $36 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7582 W Ridge Rd Fairview, PA 16415 with Property Intel by Whitepages.

Investment Potential for 7582 W Ridge Rd

The property has a current estimated value of $84,530, which is 59% below the zip median, based on public records. It last sold on August 25, 2016 for $155K. Projected long-term
is $25,200 annually ($2,100 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 16415 zip code
 
View Rental Potential

Owners & Occupancy for 7582 W Ridge Rd

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 7582 W Ridge Rd

Property Details

Property Sq Ft

Living Area

2,379 sq ft

11% above market

Lot Size

17,738 sq ft

11% below market

Price Per Sq Ft

Living Area

$36 / sq ft

67% below market

Lot Size Area

$5 / sq ft

61% below market

Property condition, age, exterior, etc. for 7582 W Rid…
Longitude: -80.257507 Latitude: 42.02992 Parcel Number (APN): 21-078-014.0-020.00…

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Discover more multi-family homes near 7582 W Ridge Rd in Fairview, Pennsylvania. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 7582 W Ridge Rd in Erie County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$84,530
$162,166
-$77,636 (-48%)
—
—
—
YoY Price Change
—
—
—
Year Built
1917
1910
7 years
Living Space
2,379 sq ft
2,240 sq ft
139 (6%)
$ Per Living Sq Ft
$36
$72
-$37 (-51%)
Lot Size
17,738 sq ft
5,000 sq ft
12738 (255%)
$ Per Lot Sq Ft
$5
$32
-$28 (-85%)

Net Operating Income
$*****
$17,708
$1,978 (11%)
Annual Revenue
$25,200
$25,200
$0 (0%)
$****
$7,678
-$2,164 (-28%)
Net Operating Income
$*****
$17,708
$1,978 (11%)
Cap Rate
****%
9.97%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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