Erie Multifamily Investment Opportunity

38 N PARK Row, Erie, PA 16501

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For Sale

$2,750,000

MULTI_FAMILY - Other - Erie, PA

Property size:

13,200 SF

Lot size:

0.08 Acres

Price / SF:

$208/SF

HighLights

Mixed‑use building with 17 residential units and 1 commercial space (18 total units)
Completely remodeled from basement to roof with updated flooring, windows, plumbing, electrical, and mechanicals
24/7 surveillance system and secure entry access
On‑site laundry for residents
Public water and public sewer
Built in 1868; brick and block construction; rubber roof

We can help!

Listing Contact

Jake Scheloske

For Sale

$2,750,000

MULTI_FAMILY - Other - Erie, PA

Property size:

13,200 SF

Lot size:

0.08 Acres

Price / SF:

$208/SF

Added:: Mar 28, 2026
Days on Market:: 78
Last Refresh:: Jun 13 at 5:06 am

Property Features for 38 N PARK Row

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 23
Bathrooms: 18
Rooms: Bathroom 5, Bedroom 19, Bathroom 10, Bathroom 6, Bedroom 9, Bedroom 15, Bathroom 8, Bedroom 2, Bedroom 12, Bedroom 6, Bedroom 16, Bathroom 15, Bathroom 2, Bedroom 18, Bedroom 17, Bedroom 13, Bedroom 23, Bathroom 18, Bedroom 8, Bathroom 1, Bedroom 14, Bedroom 11, Bathroom 7, Bathroom 17, Bathroom 4, Bathroom 16, Bathroom 11, Bedroom 21, Bedroom 22, Bathroom 13, Bedroom 20, Bathroom 3, Bathroom 14, Bedroom 4, Bedroom 7, Bathroom 9, Bedroom 1, Bathroom 12, Bedroom 10, Bedroom 5, Bedroom 3
Standard status: Active
APN: 17-040-002.0-110.00
Size: 13,200 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 13730
Expense value: 50000
Expense: SecurityDeposit
Expense freq.: One Time

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Electric (Heating)
Water source: Public

Building Details

Year built: 1868
Floors in Building: 3
Number of units: 3
Building materials: Brick, Block
Roof type: Rubber
Architectural style: Other

We can help!

Listing Contact

Jake Scheloske

Listing agent Jake Scheloske License #RS318016

Listing office Agresti Real Estate 2635 W 26th Street, Erie, PA

Listing date Mar 28, 2026

MLS# 190057 Listing URL

Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Mixed‑use building with 17 residential units and 1 commercial space (18 total units)
Completely remodeled from basement to roof with updated flooring, windows, plumbing, electrical, and mechanicals
24/7 surveillance system and secure entry access
On‑site laundry for residents
Public water and public sewer
Built in 1868; brick and block construction; rubber roof

Overview

This investment opportunity features 17 residential units and 1 commercial space, totaling 18 units. The property is located in downtown Erie, with proximity to Gannon University, Erie Insurance, UPMC, the Bayfront, restaurants, and nightlife. The building has been remodeled from basement to roof, including updated flooring, windows, plumbing, electrical systems, and mechanicals. Most units feature granite countertops and stainless steel appliances. A 24/7 surveillance system and secure entry access are in place. On-site laundry is available. The property is 100% occupied and offers a cash flow opportunity for investors. The lot size is 0.08 acres and the property size is 13200 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Hooks Catfish Kitchen Restaurant park row erie General Contractor

Suggested Use

Location Insight

Map
Local Demand

City: Erie
County: Erie
State: Pennsylvania
Longitude: -80.08696
Latitude: 42.129719

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For sale
Apartment buildings
PA
Erie
16501
38 N PARK Row

What type of property is this?

Apartment building - Completely remodeled 18-unit building in downtown Erie.

Where is this apartment building located?

The property is located at 38 N PARK Row Erie, PA.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Mixed‑use building with 17 residential units and 1 commercial space (18 total units); Completely remodeled from basement to roof with updated flooring, windows, plumbing, electrical, and mechanicals; 24/7 surveillance system and secure entry access

38 N PARK Row, Erie, PA 16501

MULTI_FAMILY - Other - Erie, PA

Property Features for 38 N PARK Row

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Space in Erie, PA

Erie Commercial Property For Sale

Landmark Diner in Erie, PA

Erie Commercial Building with Garage

Erie Commercial Building with Garage

Erie Entertainment Destination For Sale

Erie Entertainment Destination For Sale

Turnkey Golf Course and Restaurant

Corner Retail and Office Building

12-Unit Apartment Building with Balconies

Three-Story Office Building

Duplex with Garages and Decks

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