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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

    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!

    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
    Services availability