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For sale
  • Price cut: $50K (7/14)
    $950,000

    345-359 W 8th St, Erie, PA 16502

    25beds
    17baths
    18,085sqft
    : 
    Multi Family
    Built in 1909
    -- sqft lot
    $-- Zestimate®
    $53/sqft
    $-- HOA

    What's special

    Off-street parking
    Exceptional opportunity to own 17 units across four adjacent properties in the heart of Erie’s West Bayfront Neighborhood! Be part of the continued revitalization taking place along this West 8th Street Corridor. This well-positioned package is being offered at a 10% CAP RATE, delivering strong cash flow and ROI from day one. Extensive capital improvements have been completed on properties under the current ownership—See the included improvement list for full details. In addition to the residential units, this property includes 7 garage units currently leased for storage, providing an additional income stream. A large rear lot offers off-street parking for tenants. Situated near Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, this property benefits from strong tenant demand and accessibility. With a proven rental history and long-term growth potential, this is a chance to capitalize on a high-performing asset!
    73 days
    on Zillow
    |
    548
    |
    37
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 13, 2025 at 06:14pm

    Listed by:

    Jake Bowers 814-897-5036,

    The Bowers Group LLC 814-874-4000

    Source: GEMLS,MLS#: 184213Originating MLS: Greater Erie Board Of Realtors
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 345-359 W 8th St.

    Next available tour time:Sunday at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 25
    • Bathrooms: 17
    Heating
    • Forced Air, Gas
    Cooling
    • None
    Interior area
    • Total structure area: 18,085
    • Total interior livable area: 18,085 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Detached, Garage
    • Garage spaces: 7
    Lot
    • Features: Cleared, Flat
    Details
    • Parcel number: 16030020.0219.00
    • Zoning: RLB
    • Zoning description: C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: See Remarks
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Brick
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1909

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Deposit fee: $20,000
    Location
    • Region: Erie

    Financial & listing details

    • Price per square foot: $53/sqft
    • Tax assessed value: $371,838
    • Annual tax amount: $14,703
    • Date on market: 6/9/2025
    • Road surface type: Paved
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