421-423 W 8th Street, Erie, PA 16502

Local realty services provided by:ERA Team VP Real Estate
421-423 W 8th Street,Erie, PA 16502
$289,900
  • 11 Beds
  • - Baths
  • 7,284 sq. ft.
  • Multi-family
  • Active
Listed by: brandon penn
Office: re/max lakeland realty - erie
MLS#:188833
Source:PA_GEBR

Price summary

  • Price:$289,900
  • Price per sq. ft.:$39.8

About this home

Seller's investment strategy is changing, allowing for this huge opportunity for the next willing and able investor! For the investor willing to put in the work this is a fantastic building to create amazing cashflow and add a legacy building property to their portfolio. 2 of the vacant units just need a cosmetic uplift. One is stripped down to the bones and ready for your vision. Could be a 2-3 bedroom apartment, or turned into a commercial space. 2 occupied and 2 vacant are going to need a good bit of work. If you have the vision and means, this will be an amazing property that does not come available often! Walking distance to Gannon University, and everything downtown Erie has to offer. Being offered at a projected 14.5 cap with real world management in place. Currently professionally managed, and manager willing to stay on for the next owner. Sale also includes 2 lots 16030025020300 and 16030025020900

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Home facts

  • Year built:1952
  • Listing ID #:188833
  • Added:33 day(s) ago
  • Updated:December 17, 2025 at 06:04 PM

Rooms and interior

  • Bedrooms:11
  • Living area:7,284 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1952
  • Building area:7,284 sq. ft.
  • Lot area:0.43 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$289,900
  • Price per sq. ft.:$39.8
  • Tax amount:$4,842 (2025)

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