Attention Investors: This is the 16 unit investment opportunity you've been waiting for! The sellers have done all the heavy lifting of stabilizing this asset, increasing rents, and reducing expenses. Ten of the apartments have recently been fully renovated with beautiful, modern finishes. Convenient onsite amenities include digital laundry and off street parking. Located near Gannon University, UPMC Hamot, State Street, Erie Insurance, Saint Vincent Hospital, Lake Erie, bus routes, and more. These apartments are in high demand and fill quickly when vacant. Most tenants are on a 12 month lease, all using the Apartment Association of NW PA lease. Add this valuable asset to your portfolio before it's gone!
Sold for $875,000
$875,000
324 W 9th St, Erie, PA 16502
20beds
16baths
25,078sqft
Multi Family
Built in 1888
-- sqft lot
$959,300 Zestimate®
$35/sqft
$964 Estimated rent
Home value
$959,300
$825,000 - $1.12M
$964/mo
Zestimate® history
Owner options
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$964/mo
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$964/mo
Rent Zestimate®
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$6,022/mo
Est. payment
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$6,022/mo
Est. payment
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Beautiful modern finishes
Zillow last checked:
Listing updated:
Listed by:
Caleb Kowalczyk (814)873-7793,
eXp Realty - Meadville
Bought with:
Brandon Penn, RS324868
Keller Williams Realty
Source: GEMLS,MLS#: 180254Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 16
Heating
- Forced Air, Gas
Cooling
- None
Interior area
- Total structure area: 25,078
- Total interior livable area: 25,078 sqft
Property
Lot
- Size: 0.39 Acres
- Dimensions: 102 x 165 x 102 x 165
Details
- Parcel number: 16030020.0235.00
- Zoning description: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Masonry, Stone
- Roof: Asphalt
Condition
- Updated/Remodeled
- Year built: 1888
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Deposit fee: $30,000
Location
- Region: Erie
Financial & listing details
- Price per square foot: $35/sqft
- Tax assessed value: $315,437
- Annual tax amount: $12,206
- Date on market: 10/4/2024
- Cumulative days on market: 119 days
- Listing terms: Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Sold | $875,000-2.8%$35/sqft |
Source: GEMLS #180254 Report a problem | ||
| 1/31/2025 | Pending sale | $899,900$36/sqft |
Source: GEMLS #180254 Report a problem | ||
| 1/21/2025 | Price change | $899,900-7.7%$36/sqft |
Source: GEMLS #180254 Report a problem | ||
| 1/6/2025 | Price change | $974,900-9.3%$39/sqft |
Source: GEMLS #180254 Report a problem | ||
| 11/27/2024 | Price change | $1,075,000-8.5%$43/sqft |
Source: GEMLS #180254 Report a problem | ||
| 10/22/2024 | Price change | $1,175,000-6%$47/sqft |
Source: GEMLS #180254 Report a problem | ||
| 10/4/2024 | Listed for sale | $1,250,000$50/sqft |
Source: GEMLS #180254 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 16502
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Nearby schools
GreatSchools rating
- 3/10Pfeiffer-Burleigh El SchoolGrades: PK-5Distance: 0.7 mi
- 3/10East Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Erie High SchoolGrades: 9-12Distance: 1.5 mi
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.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$959,300
2% more
+$19,186
With Zillow Showcase(estimated)
$978,486
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$959,300
2% more
+$19,186
With Zillow Showcase(estimated)
$978,486
- Pennsylvania
- Erie County
- Erie
- 16502
- 324 W 9th St
