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For sale
  • Price cut: $50K (8/26)
    $249,900

    1521 State St, Erie, PA 16501

    2beds
    1baths
    28,040sqft
    : 
    $1,850/mo
    Get pre-qualified
    Multi Family
    Built in 1921
    -- sqft lot
    $-- Zestimate®
    $9/sqft
    $-- HOA

    What's special

    Roll-up garage doorStreet presenceIndoor parkingRamp accessSignage opportunity
    Welcome to a rare mixed-use investment opportunity located in the heart of Erie’s bustling commercial corridor. With over 28,000 square feet of space ready for your vision, this high-exposure property is ideal for retail, redevelopment, or creative adaptive reuse. The ground floor features three retail storefronts along high-traffic State Street. One storefront is turnkey and ready to open, the second is partially built out, and the third offers a blank canvas for customization. Each offers street presence, signage opportunity, and solid foot traffic. Added functionality includes a roll-up garage door and ramp access, perfect for indoor parking, deliveries, or future flex space use. Upstairs, the building houses several former apartments waiting to be brought back to life whether as market-rate housing, short-term rentals, or ??. The structure, scale, and location offer unlimited potential for the visionary investor or entrepreneur. Eligible for Pennsylvania CRIZ tax capture financing.
    236 days
    132
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Jim Barbour 610-967-0538,

    KW Flagship Realty 814-833-9500

    Source: GEMLS,MLS#: 189918Originating MLS: Greater Erie Board Of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Interior area
      • Total structure area: 28,040
      • Total interior livable area: 28,040 sqft

      Property

      Lot
      • Size: 10,149 Square Feet
      • Dimensions: 73 x 149 x 72 x 149
      Details
      • Parcel number: 15020004.0103.00
      • Zoning description: C-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: See Remarks
      • Property subtype: Multi Family
      Materials
      • Brick, Block
      • Roof: Rubber
      Condition
      • Resale
      • Year built: 1921

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Erie

      Financial & listing details

      • Price per square foot: $9/sqft
      • Tax assessed value: $80,000
      • Annual tax amount: $3,270
      • Date on market: 3/9/2026
      • Cumulative days on market: 237 days
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $803/mo

        Price history

        DateEventPrice
        10/15/2026Listed for sale$249,900$9/sqft
        Source: GEMLS #189918 Report a problem
        9/3/2026Pending sale$249,900$9/sqft
        Source: GEMLS #189918 Report a problem
        8/26/2026Price change$249,900-16.7%$9/sqft
        Source: GEMLS #189918 Report a problem
        3/9/2026Listed for sale$299,900$11/sqft
        Source: GEMLS #189918 Report a problem
        2/1/2026Listing removed$299,900$11/sqft
        Source: GEMLS #189004 Report a problem
        12/3/2025Listed for sale$299,900$11/sqft
        Source: GEMLS #189004 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 16501

        Getting around

        84 / 100
        Very Walkable
        47 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: City-Erie

        Source: GEMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.