345-359 W 8th Street, Erie, PA 16502

Erie
Local realty services provided by:ERA Team VP Real Estate
345-359 W 8th Street,Erie, PA 16502
$950,000
  • 25 Beds
  • 17 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jake bowers
Office: the bowers group llc.
MLS#:184213
Source:PA_GEBR

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Price summary

  • Price:$950,000

About this home

Exceptional opportunity to own 17 units across four adjacent properties in the heart of Erie’s West Bayfront Neighborhood! Be part of the continued revitalization taking place along this West 8th Street Corridor. This well-positioned package is being offered at a 10% CAP RATE, delivering strong cash flow and ROI from day one. Extensive capital improvements have been completed on properties under the current ownership—See the included improvement list for full details. In addition to the residential units, this property includes 7 garage units currently leased for storage, providing an additional income stream. A large rear lot offers off-street parking for tenants. Situated near Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, this property benefits from strong tenant demand and accessibility. With a proven rental history and long-term growth potential, this is a chance to capitalize on a high-performing asset!

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Home facts

  • Year built:1909
  • Listing ID #:184213
  • Added:297 day(s) ago
  • Updated:April 03, 2026 at 06:54 AM

Rooms and interior

  • Bedrooms:25
  • Total bathrooms:17

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1909
  • Lot Features:Cleared, Flat
  • Construction Materials:Aluminum Siding, Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$950,000
  • Tax amount:$14,703 (2025)

Parking

  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:7

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