Turn-key 7-unit investment property in the heart of Erie. Six occupied unis. The 7th unit is a 3rd-floor partially finished unit that just needs a little more work to be fully functional. Gas well on site that currently provides gas to some appliances, but has the potential for more with some plumbing work to re-route gas lines. Basement has coin laundry. Two hot water tanks recently replaced. Great investment opportunity for a motivated buyer who would like to put a little more TLC into the property maximize the potential.
For sale
$325,000
223 W 16th St, Erie, PA 16502
8beds
7baths
4,861sqft
Est.:
Multi Family
Built in 1895
-- sqft lot
$323,900 Zestimate®
$67/sqft
$-- HOA
What's special
- 5 days
- on Zillow |
- 503 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 02:51pm
Listed by:
Nathan Sherman 814-250-5774,
Thrive Real Estate LLC 814-250-5774
Source: GEMLS,MLS#: 187208Originating MLS: Greater Erie Board Of Realtors
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Forced Air, Gas
Cooling
- None
Interior area
- Total structure area: 4,861
- Total interior livable area: 4,861 sqft
Property
Parking
- Total spaces: 2
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 60 x 127 x 60 x 127
Details
- Parcel number: 16030011.0310.00
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Three Story
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Deposit fee: $5,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $72,000
- Annual tax amount: $2,845
- Date on market: 8/1/2025
- Road surface type: Paved
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