$449,900.00
209 E MAIN St, GIRARDBOROUGH PA 16417
16 | 12408 ft2
Investment 5+ Unit
Feb. 28, 2026, 12:43 p.m.
Introducing the Elk Creek Historical Lodge — a rare 16-unit approved boarding house delivering serious cash flow and a strong 13.5% cap rate with large net income. This income-producing asset features 16 rentable units plus an on-site property manager for streamlined, hands-off operations. Situated on over an acre, the lodge blends historic character with practical upgrades, including industrial-grade kitchen equipment, a spacious common area ideal for group gatherings, two marble fireplaces, updated electrical, a commercial boiler system, and brand-new plumbing in 11 upper units. Ample off-street parking adds convenience, while flexible commercial/residential zoning and a valuable lodge tax exemption further enhance returns. With solid rental history and value-add stability, this is a high-yield investment opportunity you don’t want to miss. POSSIBLE OWNER FINANCING AVAILABLE WITH 75K DOWN.
Listed by: Jake Scheloske , Agresti Real Estate (814) 459-9400
Source: MLS#: 189799; Originating MLS: Greater Erie Board of Realtors
| Directions | From Erie, take I-79 S to US-20 W (26th St/Ridge Rd) & follow US-20 west about 16 miles into Girard. Stay on E Main St to 209 E Main St on the right. |
| Year Built | 1900 |
| Area | 9 - Girard/Lake City |
| Road Surface | Paved Public |
| Water | Public |
| School Districts | Girard |
| Lot Description | At Grade |
| Building Information | Approximate |
| Construction | Aluminum |
| Fuel Type | Gas |
| Roof Description | Composition |
| Heating Type | Hotwater |
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