$299,900.00

421-423 W 8TH St, ERIECITY PA 16502

11  | 7284 ft²

Investment   5+ Unit

Sept. 19, 2025, 10:18 a.m.

Seller's investment strategy is changing, allowing for this huge opportunity for the next willing and able investor! For the investor willing to put in the work this is a fantastic building to create amazing cashflow and add a legacy building property to their portfolio. 2 of the vacant units just need a cosmetic uplift. The third is stripped down to the bones and ready for your vision. Could be a 2-3 bedroom apartment, or turned into a commercial space. If you have the vision and means, this will be an amazing property that does not come available often! Walking distance to Gannon University, and everything downtown Erie has to offer. Being offered at a projected 14.5 cap with real world management in place. Currently professionally managed, and manager willing to stay on for the next owner. Sale also includes 2 lots 16030025020300 and 16030025020900

Listed by: Brandon Penn (814) 833-9500, Keller Williams Realty (814) 833-9500

Source: MLS#: 188040; Originating MLS: Greater Erie Board of Realtors