Attention Investors: This is the 16 unit investment opportunity you've been waiting for! The sellers have done all the heavy lifting of stabilizing this asset, increasing rents, and reducing expenses. Ten of the apartments have recently been fully renovated with beautiful, modern finishes. Convenient onsite amenities include digital laundry and off street parking. Located near Gannon University, UPMC Hamot, State Street, Erie Insurance, Saint Vincent Hospital, Lake Erie, bus routes, and more. These apartments are in high demand and fill quickly when vacant. Most tenants are on a 12 month lease, all using the Apartment Association of NW PA lease. Add this valuable asset to your portfolio before it's gone!
Sold for $875,000 on 04/04/25
$875,000
324 W 9th St, Erie, PA 16502
20beds
16baths
25,078sqft
Multi Family
Built in 1888
-- sqft lot
$907,100 Zestimate®
$35/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 05, 2025 at 08:31am
Listed by:
Caleb Kowalczyk (814)873-7793,
eXp Realty - Meadville
Bought with:
Brandon Penn, RS324868
Keller Williams Realty
Source: GEMLS,MLS#: 180254Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 16
Heating
- Forced Air, Gas
Cooling
- None
Interior area
- Total structure area: 25,078
- Total interior livable area: 25,078 sqft
Property
Lot
- Size: 0.39 Acres
- Dimensions: 102 x 165 x 102 x 165
Details
- Parcel number: 16030020.0235.00
- Zoning description: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Masonry, Stone
- Roof: Asphalt
Condition
- Updated/Remodeled
- Year built: 1888
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Erie
HOA & financial
Other fees
- Deposit fee: $30,000
Other
Other facts
- Listing terms: Conventional
- Road surface type: Paved