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10 E 4TH Street Erie, PA $ 7,200,000
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$ 7,200,000 Get more info
10 E 4TH Street
$ 7,200,000
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Share Save

10 E 4TH Street

Erie, PA, 16507
$ 7,200,000
Bedrooms85 Baths84.0 Sq 78,771

Monthly Estimate*

$ 50,294

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Multi-Family Home for sale in Erie, PA

for $7,200,000 with 85 bedrooms and 84 full baths. This 78,771 square foot home was built in 1895 on a lot size of 2.15.

Fantastic investment opportunity & chance to be part of the downtown revitalization in the heart of Erie! 90 units includes: 56 residential apartments, 10 hotel style apartments, 24 commercial units (office space, Tap House Bar/Restaurant Tenant, etc.). Prime location on State St near UPMC Hamot, the Bayfront/Dobbins Landing, Erie Insurance, Warner Theatre, UPMC Park, Erie Art Museum, Gannon University, high-end dining, bars & restaurants & all that Erie offers. Units are broken down into 1 & 2 BR 900 & 850 sq. ft. units; 1 BR 700 sq. ft. units w/or w/o lofts; & 450 or 400 sq. ft. efficiencies. Also, the 10 hotel style units are currently being converted into studio apartments w/ensuite baths & kitchenettes. Additionally, there are architect prints that are done & available for use to convert the commercial units into all residential apartments (appraised at $12,000,000 subject to renovations with a $2,000,000 estimated budget to accomplish). Current appraisal on hand at $7,260,000!

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Multi-Family Active

Price

$ 7,200,000

Bedrooms

85

Full Bath

84

Property Type

Multi-Family

Taxes

$ 116,078

Style

Two Story

Lot Size

2.15

Year Built

1895

Town/City

Erie

County/Region

Erie

MLS | Web ID

173787
Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession CloseOfEscrow SubjectToTenantRights
Roof Composition Slate
Garage Spaces 0.0
Architectural Style TwoStory
Construction Materials Brick Masonry
Year Built 1895
Security Deposit 200000.0
View Water
Stories 2
Township Erie
Levels Two
Property SubType MultiFamily
Tax Year 2024
Gross Income 900816.0
County Erie
Net Operating Income 653993.0
Insurance Expense 17900.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions The entire block from State St. to French St. 3rd St. to 4th St.
City Erie
Buyer Agent Compensation 2%DC
View Y/N Y
Senior Community Y/N N
High School District City-Erie
Zoning Description C-1
Total Units 8
MLS Area 1 - Erie Northeast
Waterfront Y/N N
Carport Y/N N
Street Name 4TH
Property Attached Y/N N
Year Built Details Estimate
Land Lease Y/N N
Tax Annual Amount 116078.0
Home Warranty Y/N N
Property Condition GoodCondition Resale
Water Sewer Expense 58800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 24
Standard Status Active
Middle/Junior School District City-Erie
Elementary School District City-Erie
Tax Assessed Value 3000000
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Exterior
Lot Features CornerLot MineralRights Trees Views
Water Source Public
Total Parking 58.0
Lot Size Area 2.15
Spa N
Building Area Total 78771.0
Lot Dimensions 0x0x0x0
Lot Size Acres 2.15
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Total Bedrooms 85
Electric On Property Y/N N
Total Baths 84
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Internal Only
Street Number 1 10
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* Excluded Features
List By
Agresti Real Estate

Broker

jake@tryagresti.com

Email

Affordability Calculator

$59,967
Per Month
84%
16%
0%
Monthly Principal & Interest
$50,294
Monthly Property Taxes
$9,673
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2358928 Elementary School
2358969 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/12/2024$7,200,000 Listed Price

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10 E 4TH Street, Erie, PA, 16507 is a Multi-Family Home for sale at $7,200,000 with 78,771 sqft and a lot size of 2.15. 10 E 4TH Street has 85 bedrooms, 84.0 baths, and was built in 1895. The property's zip code is 16507 which is in Erie, PA

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