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For sale
  • $325,000

    223 W 16th St, Erie, PA 16502

    8beds
    7baths
    4,861sqft
    : 
    Multi Family
    Built in 1895
    -- sqft lot
    $323,900 Zestimate®
    $67/sqft
    $-- HOA

    What's special

    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.
    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

    We'll find a local expert to take you on a private tour of 223 W 16th St.

    Next available tour time:Tomorrow at 12pm

    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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