Active

38 N Park Row

Erie, PA 16501

$2,750,000 $11,594/Mo

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Overview

Bed

Bath

13,200

Sqft

0.08

Acre(Lot)

Description

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. Conv enient 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.

Property Details

Property Type : Residential Income

Price : $2,750,000

AD Id : 76608449

MLS Id : 190057

Beds : 23

Lot Size : 0.08 Acre

Living Area Size : 13,200

Year Built : 1868

County : Erie

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 23

Bathroom Information

Total Baths: 18
Roofing Information

Rubber
Interior Features

Roof: Rubber
Heating & Cooling

Has Heating: Yes Heating: Electric, Forced Air Cooling: None

Building Information

Year Built: 1868 Building Area Total: 13200 Construction Materials: Brick, Block Private Pool: No

Lot Information

Lot Dimensions: 21x165x0x0 Main Square Feet: 0.08 Acres Lot Size Acres: 0.08

Listing Price Information

Listing Price: $2750000

Tax Information

Parcel Number: 17-040-002.0-110.00 Tax Year: 2026 Annual Tax: $13730

Location Information

Direction: W. 6th St., north on Peach St. to corner of N. Park Row WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1521 State Street, Erie, PA, 16501	$299,900	13	--	28,040	28,040 SqFt
502/506 State Street, Erie, PA, 16501	$1,899,900	--	6	15,948	15,948 SqFt

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ByOwner last updated this listing 06/17/2026 @ 12:49

MLS: 190057 LISTED BY: Jake Scheloske, Agresti Real Estate 814-459-9400 SOURCE: Greater Erie Board of REALTORS