7233 Old Ridge Rd Fairview, PA 16415

4 beds · 2 baths · 1,536 sq ft · Lot Size: 11,199 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $171,105

High Demand Long-Term RentalValued below Market MedianOwned for 10 - 15 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

7233 Old 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 1972 and is approximately 53 years old. The multi-family home (2 - 4 units) spans 1536 sq ft with 4 bedrooms and 2 bathrooms and sits on a 11199 sq ft lot. According to public records, it was last sold in 2013 for $120,000 and has a tax-assessed value of $111,330, which is $111 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7233 Old Ridge Rd Fairview, PA 16415 with Property Intel by Whitepages.

Owners & Occupancy for 7233 Old Ridge Rd

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Financials for 7233 Old Ridge Rd

7233 Old Ridge Rd, Fairview, PA has no known mortgage. The Erie county assessment for 2024 values it at $111,330, with annual taxes of $3,047.

Property Tax

Purchase DateNovember 15, 2013
Property Tax Amount$3,047 in 2024
Purchase Price$120,000
Assessed Value$111,330 on 2024

Investment Potential for 7233 Old Ridge Rd

The property has a current estimated value of $171,105, which is 18% below the zip median, based on public records. It last sold on November 15, 2013 for $120K. Projected long-term
is $28,200 annually ($2,350 per month) with a 94% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in 16415.
See Recommended Properties

Long-Term

Gross Rental
$28,200 per year($2,350 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 16415 zip code
 
View Rental Potential

Property Details for 7233 Old Ridge Rd

Property Details

Property Sq Ft

Living Area

1,536 sq ft

28% below market

Lot Size

11,199 sq ft

44% below market

Price Per Sq Ft

Living Area

$111 / sq ft

4% above market

Lot Size Area

$15 / sq ft

24% above market

Property condition, age, exterior, etc. for 7233 Old R…
Longitude: -80.249568 Latitude: 42.037728 Parcel Number (APN): 21-077-011.0-006.04…

Recommended Properties in 16415

Discover more multi-family homes near 7233 Old 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 7233 Old 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
$171,105
$162,166
$8,938 (6%)
—
—
—
YoY Price Change
—
—
—
Year Built
1972
1910
62 years
Living Space
1,536 sq ft
2,240 sq ft
-704 (-31%)
$ Per Living Sq Ft
$111
$72
$39 (54%)
Lot Size
11,199 sq ft
5,000 sq ft
6199 (124%)
$ Per Lot Sq Ft
$15
$32
-$17 (-53%)

Net Operating Income
$*****
$17,708
$2,409 (14%)
Annual Revenue
$28,200
$25,200
$3,000 (12%)
$****
$7,678
$405 (5%)
Net Operating Income
$*****
$17,708
$2,409 (14%)
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

Find More Housing Markets Near Fairview

Nearby Cities

  1. Girard Investment Properties
  2. Lake City Investment Properties
  3. Erie Investment Properties
  4. Edinboro Investment Properties
  5. Wesleyville Investment Properties
  6. Lawrence Park Investment Properties
  7. Northwest Harborcreek Investment Properties
  8. Union City Investment Properties
  9. North East Investment Properties
  10. Meadville Investment Properties