$950,000.00

345-359 W 8TH St, ERIECITY PA 16502

25  | 17.00  | 18085 ft²

Investment   5+ Unit

June 9, 2025, 11:34 a.m.

Exceptional opportunity to own 17 units across four adjacent properties in the heart of Erie’s West Bayfront Neighborhood! Be part of the continued revitalization taking place along this West 8th Street Corridor. This well-positioned package is being offered at a 10% CAP RATE, delivering strong cash flow and ROI from day one. Extensive capital improvements have been completed on properties under the current ownership—See the included improvement list for full details. In addition to the residential units, this property includes 7 garage units currently leased for storage, providing an additional income stream. A large rear lot offers off-street parking for tenants. Situated near Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, this property benefits from strong tenant demand and accessibility. With a proven rental history and long-term growth potential, this is a chance to capitalize on a high-performing asset!

Listed by: Jake Bowers , The Bowers Group LLC (814) 874-4000

Source: MLS#: 184213; Originating MLS: Greater Erie Board of Realtors