1347 W 8th St, Erie, PA, 16502
About This Home
Don’t miss this fully occupied 2-unit investment property located in a quiet Northwest Erie neighborhood. This income-producing property offers immediate cash flow with established tenants already in place, making it a great addition to your investment portfolio. Each unit provides comfortable living spaces, and the property’s convenient location offers easy access to shopping, restaurants, schools, and local amenities. Whether you’re a seasoned investor or looking to expand your rental portfolio, this turnkey opportunity is worth a look. No FHA or VA financing.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Good Condition,Resale
- Year built: 1920
Materials
- Roof: Composition
- Construction materials: Aluminum Siding,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: None
Interior Area
- Total structure area: 2,024
- Total interior livable area: 2,024 sqft
Property
Details
- Parcel number: 16030061.0217.00
- Zoning description: R-2
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 4,538 sqft
- Features: Level
- Lot size dimensions: 27 x 165 x 0 x 0
Parking
- Total spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $632 | $7,584 |
| Home Insurance * | $90 | $1,080 |
| Property Taxes | $158 | $1,896 |
| Electricity | $224 | $2,692 |
| Total | $1,104 | $13,248 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $119,000 |
| 2026-05-29 | Listed for sale | $125,000 |
| 2021-03-31 | Sold | $60,000 |
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