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38 N Park Row, Erie, PA, 16501

3beds
3baths
13,200sqft
$2,750,000
$208price/sqft
$22,721/moest. monthly cost
$908,840/yrincome needed

About This Home

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. Convenient 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.

Getting Around

89
WalkingVery Walkable
48
TransitSome Transit
55
BikeBikeable

Schools

3/10
3/10
East Middle SchoolGrades 6-81.5 mi
1/10
Erie High SchoolGrades 9-121.9 mi

Construction

Condition

  • Property condition: Resale,Updated/Remodeled
  • Year built: 1868

Materials

  • Roof: Rubber
  • Construction materials: Brick,Block

Type & Style

  • Home type: MultiFamily
  • Architectural style: Three Story
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 13,200
  • Total interior livable area: 13,200 sqft

Property

Details

  • Parcel number: 17040002.0110.00
  • Zoning description: C-3

Features

  • Levels: Three Or More
  • Stories: 3

Lot

  • Lot size: 3,484 sqft
  • Lot size dimensions: 21 x 165 x 0 x 0