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38 N PARK Row Erie, PA $ 2,750,000
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38 N PARK Row
$ 2,750,000
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38 N PARK Row

Erie, PA, 16501
$ 2,750,000
Bedrooms23 Baths18.0 Sq 13,200

Monthly Estimate*

$ 16,932

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Multi-Family Home for sale in Erie, PA

for $2,750,000 with 23 bedrooms and 18 full baths. This 13,200 square foot home was built in 1868 on a lot size of 0.08.

This exceptional investment opportunity features 17 residential units & 1 commercial space (18) ideally located in the heart of downtown Erie. Positioned w/in close proximity to Gannon University, Erie Insurance, UPMC, the Bayfront & a vibrant mix of restaurants & nightlife the property offers strong tenant demand & long-term stability. The building has been completely remodeled from basement to roof including updated flooring, windows, plumbing, electrical systems, & mechanicals ensuring low maintenance & modern efficiency. Each unit is thoughtfully designed most w/granite countertops & stainless steel appliances delivering a high-end living experience that attracts quality tenants. 24/7 surveillance system & secure entry access provides a safe & controlled environment for residents. Convenient on-site laundry. With 100% occupancy this turnkey asset presents a fantastic cash flow opportunity for investors seeking immediate returns & long-term appreciation in a prime location.

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Multi-Family Active

Price

$ 2,750,000

Bedrooms

23

Full Bath

18

Property Type

Multi-Family

Taxes

$ 13,730

Style

Lot Size

0.08

Year Built

1868

Town/City

Erie

County/Region

Erie

MLS | Web ID

190057
Features
General
Sewer Public Sewer
Possession Subject To Tenant Rights
Construction Materials Brick Block
Security Deposit 50000
Township Erie
Property Subtype Multi Family
Tax Year 2026
County Erie
Property Type Residential Income
Status Active
Directions W. 6th St. north on Peach St. to corner of N. Park Row
City Erie
Zoning Description C-3
MLS Area 2 - Erie Northwest
Lot Size Units Acres
Tax Annual Amount 13730
Standard Status Active
Tax Assessed Value 406900
Heating Electric Forced Air
Cooling None
High School District City-Erie
Middle/Junior School District City-Erie
Elementary School District City-Erie
Year Built 1868
Year Built Details Estimate
Property Condition Resale Updated/Remodeled
Roof Rubber
Garage Spaces 0
Architectural Style Three Story
Levels Three Or More
Gross Income 232696
Net Operating Income 198499
Insurance Expense 7877
Number Of Units Total 3
MaintenanceExpense 13231
Water Sewer Expense 8627
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Interior
Air Conditioning Y/N false
Heating Y/N true
Total Baths 18
Total Bedrooms 23
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Exterior
Water Source Public
Lot Size Area 0.08
Building Area Total 13200
Lot Dimensions 21x165x0x0
Lot Size Acres 0.08
Road Surface Type Paved
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* Excluded Features
List By
Agresti Real Estate

Broker

jake@tryagresti.com

Email

Affordability Calculator

$18,076
Per Month
94%
6%
0%
Monthly Principal & Interest
$16,932
Monthly Property Taxes
$1,144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/28/2026$2,750,000 Listed Price

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38 N PARK Row, Erie, PA, 16501 is a Multi-Family Home for sale at $2,750,000 with 13,200 sqft and a lot size of 0.08. 38 N PARK Row has 23 bedrooms, 18.0 baths, and was built in 1868. The property's zip code is 16501 which is in Erie, PA

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