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Sold for $950,000
  • $950,000

    345-359 W 8th St, Erie, PA 16502

    25beds
    17baths
    18,085sqft
    Multi Family
    Built in 1909
    -- sqft lot
    $966,200 Zestimate®
    $53/sqft
    $842 Estimated rent

    Home value

    $966,200

    $831,000 - $1.12M

    $842/mo

    Zestimate® history
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    Owner options

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    $842/mo

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    $842/mo

    Rent Zestimate®

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    $6,288/mo

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    $6,288/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jake Bowers 814-897-5036,

    The Bowers Group LLC

    Bought with:

    Sales Only! Non Mls/Board

    Xyz - Non Mls/Board Sales

    Source: GEMLS,MLS#: 184213Originating MLS: Greater Erie Board Of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 25
    • Bathrooms: 17
    Heating
    • Forced Air, Gas
    Cooling
    • None
    Interior area
    • Total structure area: 18,085
    • Total interior livable area: 18,085 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Detached, Garage
    • Garage spaces: 7
    Lot
    • Features: Cleared, Flat
    Details
    • Parcel number: 16030020.0219.00
    • Zoning: RLB
    • Zoning description: C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: See Remarks
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Brick
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1909

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Erie

    HOA & financial

    Other fees
    • Deposit fee: $20,000

    Other

    Other facts
    • Listing terms: Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/27/2026Sold$950,000$53/sqft
    Source: GEMLS #184213 Report a problem
    10/9/2025Pending sale$950,000$53/sqft
    Source: GEMLS #184213 Report a problem
    9/15/2025Listing removed$950,000$53/sqft
    Source: GEMLS #184213 Report a problem
    7/14/2025Price change$950,000-5%$53/sqft
    Source: GEMLS #184213 Report a problem
    6/9/2025Listed for sale$1,000,000$55/sqft
    Source: GEMLS #184213 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 16502

    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.

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    Sell for more on Zillow
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    $966,200
    2% more
    +$19,324
    With Zillow Showcase(estimated)
    $985,524