308 HESS Avenue Erie, PA ^$ 149,900

308 HESS Avenue

^$ 149,900

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Recently Listed

308 HESS Avenue

Erie, PA, 16507

^$ 149,900

Bedrooms4 Baths0.0 Sq 2,024

Monthly Estimate*

^$ 923

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Multi-Family Home for sale in Erie, PA

for $149,900 with 4 bedrooms. This 2,024 square foot home was built in 1923 on a lot size of 0.0868.

Investment opportunity! This duplex features two updated units with strong income potential. Each unit has previously rented for $950 per month, offering the opportunity for an investor to generate substantial cash flow. With separate living spaces and low operating expenses, this property is ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. Conveniently located near shopping, restaurants, schools, and major roadways. Whether you're looking to add to your portfolio or live in one unit while renting the other, this property is a must see.

Multi-Family Active

Price

^$ 149,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 1,462

Style

Lot Size

0.0868

Year Built

1923

Town/City

Erie

County/Region

Erie

MLS | Web ID

191292

Features

General

Sewer Public Sewer

Possession Close Of Escrow

Construction Materials Aluminum Siding Vinyl Siding

Security Deposit 5000

Township Erie

Property Subtype Multi Family

Tax Year 2026

County Erie

Property Type Residential Income

Status Active

Directions E lake Road to Hess

City Erie

Zoning Description R-2

MLS Area 1 - Erie Northeast

Lot Size Units Acres

Tax Annual Amount 1462

Standard Status Active

Tax Assessed Value 35770

Heating Forced Air Gas

Cooling None

High School District City-Erie

Middle/Junior School District City-Erie

Elementary School District City-Erie

Year Built 1923

Property Condition Resale

Roof Asphalt

Garage Spaces 0

Gross Income 22800

Net Operating Income 18638

Insurance Expense 1200

Number Of Units Total 2

MaintenanceExpense 1500

Interior

Air Conditioning Y/N false

Heating Y/N true

Total Bedrooms 4

Exterior

Water Source Public

Lot Size Area 0.0868

Building Area Total 2024

Lot Dimensions 36x105x0x0

Lot Size Acres 0.0868

Road Surface Type Paved

* Excluded Features

List By

Howard Hanna Erie Southwest

Broker

jenniebone@howardhanna.com

Affordability Calculator

$1,045

Per Month

Monthly Principal & Interest: $923
Monthly Property Taxes: $122
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Erie, PA

Average List Price ^$346,510

Percent of Sale Price 131%

About Erie, PA

98,207 Population

-5% Since 2002

^$35,437 Median Income

35.3 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2358928 Elementary School

2358969 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/4/2026	$149,900		Listed Price

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308 HESS Avenue, Erie, PA, 16507 is a Multi-Family Home for sale at $149,900 with 2,024 sqft and a lot size of 0.0868. 308 HESS Avenue has 4 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 16507 which is in Erie, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Erie Board of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Erie Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/9/2026.

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308 HESS Avenue

Multi-Family Home for sale in Erie, PA

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