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About This Home
This 23-bedroom, 18-bathroom residential multi family at 38 N PARK Row in Erie, PA is listed for $2,750,000 ($208 per sqft). Built in 1868, the home offers 13,200 sqft of living space on a 0.08 acres lot.
This exceptional investment opportunity features 17 residential units & 1 commercial space (18) ideally located in the heart of downtown Erie. Positioned w/in close proximity to Gannon University, Erie Insurance, UPMC, the Bayfront & a vibrant mix of restaurants & nightlife the property offers strong tenant demand & long-term stability.
The building has been completely remodeled from basement to roof including updated flooring, windows, plumbing, electrical systems, & mechanicals ensuring low maintenance & modern efficiency. Each unit is thoughtfully designed most w/granite countertops & stainless steel appliances delivering a high-end living experience that attracts quality tenants.
24/7 surveillance system & secure entry access provides a safe & controlled environment for residents. Convenient on-site laundry. With 100% occupancy this turnkey asset presents a fantastic cash flow opportunity for investors seeking immediate returns & long-term appreciation in a prime location.
Key Features
- Built in 1868
- 0.08 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$14,708/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
38 N PARK Row
Erie, PA 16501
Property Details
Construction
Heating
Questions & Answers
This 23-bedroom, 18-bathroom residential multi family at 38 N PARK Row is listed at $2,750,000 ($208/sqft). The estimated monthly payment is $11,917 based on 20% down at 6.5% interest.
Key features include: Built in 1868, 0.08 acre lot, 3 stories.
This property is listed by Jake Scheloske and can be reached at (814) 459-9400 or jake@tryagresti.com.