631 PARADE Street Erie, PA $ 149,900
631 PARADE Street
$ 149,900
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631 PARADE Street

Erie, PA, 16503
$ 149,900
Bedrooms7 Baths2.0 Sq 4,144

Monthly Estimate*

$ 935

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Multi-Family Home for sale in Erie, PA

for $149,900 with 7 bedrooms and 2 full baths. This 4,144 square foot home was built in 1902 on a lot size of 0.09.

Take advantage of this wonderful opportunity to add to your investment portfolio in Erie! This unique property has 2 full size brick buildings that have the old construction charm to them. They also have original hardwood floors throughout. The first building is 1500sq ft with 3 beds, 1 bath and a full basement. It has a gas fireplace, a new roof in 2019 and a new furnace as of 2021. The second building was used most recently as a private art studio. It's a full 2 stories with 2600 sqft to use and has 2 separate entrances. There is a kitchen on the 2nd level and a bathroom. You can easily modify this one to a multi unit building by itself. It has a full basement and some plumbing set up to do a bathroom down there as well. Rents and expenses are fully estimated as the property is currently vacant. The potential for this property to be a great profitable investment is high. With some modifications it can easliy be a 3 or 4 unit investment. 1yr HSA Warranty is included!

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Multi-Family Active

Price

$ 149,900

Bedrooms

7

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,100

Style

Lot Size

0.09

Year Built

1902

Town/City

Erie

County/Region

Erie

MLS | Web ID

188992

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Construction Materials Brick
Security Deposit 3000
Township Erie
Property Subtype Multi Family
Tax Year 2025
County Erie
Property Type Residential Income
Attached Garage false
Garage Y/N true
Status Active
Directions From E 12th and Parade St Turn N onto Parade Buildings will be at the north east corner of 7th & Parade.
City Erie
Zoning Description C-4
MLS Area 1 - Erie Northeast
Lot Size Units Acres
Tax Annual Amount 2100
Standard Status Active
Tax Assessed Value 53100
Heating Forced Air Gas
Cooling Central Air
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1902
Year Built Details Actual
Property Condition Resale
Roof Composition
Garage Spaces 1
Architectural Style Two Story
Stories Count 2
Levels Two
Gross Income 24648
Net Operating Income 20049
Insurance Expense 2500
Number Of Units Total 2
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 2
Total Bedrooms 7
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Exterior
Water Source Public
Lot Size Area 0.09
Building Area Total 4144
Lot Dimensions 48x82x48x82
Lot Size Acres 0.09
Lot Features Flat
Parking Features Detached Garage
Road Surface Type Paved
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* Excluded Features
List By
Kw Flagship Realty

Broker

rkleppick@kw.com

Email

Affordability Calculator

$1,110
Per Month
84%
16%
0%
Monthly Principal & Interest
$935
Monthly Property Taxes
$175
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
Pricing History
DatePricePrice ChangeDescription
12/3/2025$149,900 Listed Price

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631 PARADE Street, Erie, PA, 16503 is a Multi-Family Home for sale at $149,900 with 4,144 sqft and a lot size of 0.09. 631 PARADE Street has 7 bedrooms, 2.0 baths, and was built in 1902. The property's zip code is 16503 which is in Erie, PA