502/506 State Street, Erie, PA 16501

Erie
Local realty services provided by:ERA Team VP Real Estate
502/506 State Street,Erie, PA 16501
$1,899,900
  • - Beds
  • 6 Baths
  • 15,948 sq. ft.
  • Multi-family
  • Active
Listed by: jake scheloske
Office: agresti real estate
MLS#:190226
Source:PA_GEBR

Price summary

  • Price:$1,899,900
  • Price per sq. ft.:$119.13

About this home

Positioned in the heart of downtown Erie, this exceptional mixed-use property presents a rare opportunity to own a fully revitalized asset rich in character and income potential. Registered in the National Registry of Historic Buildings, the property offers access to valuable grants and tax incentives, enhancing long-term returns. Thoughtfully redeveloped in 2021, the building blends historic charm with modern updates throughout. The property features six total units, including two established retail tenants on the first floor, providing immediate cash flow and strong street presence. Upper levels offer move-in ready space ideal for office or residential use, along with additional square footage ready for build-out—creating significant upside for added value. Ideal for investors or owner-operators seeking a turnkey opportunity with expansion potential in a prime downtown location.

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Home facts

  • Year built:1858
  • Listing ID #:190226
  • Added:1 day(s) ago
  • Updated:April 02, 2026 at 09:56 PM

Rooms and interior

  • Total bathrooms:6
  • Living area:15,948 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Rubber
  • Year built:1858
  • Building area:15,948 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Block, Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,899,900
  • Price per sq. ft.:$119.13
  • Tax amount:$50,431 (2026)

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