For sale

$2,750,000

38 N Park Row, Erie, PA 16501

3beds

3baths

13,200sqft

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Multi Family

Built in 1868

-- sqft lot

$-- Zestimate^®

$208/sqft

$-- HOA

What's special

Convenient on-site laundryUpdated flooringGranite countertopsStainless steel appliances

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.

104 days

446

17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Electric, Forced Air

Cooling

None

Interior area

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

Property

Features

Levels: Three Or More
Stories: 3

Lot

Size: 3,484 Square Feet
Dimensions: 21 x 165 x 0 x 0

Details

Parcel number: 17040002.0110.00
Zoning description: C-3

Construction

Type & style

Home type: MultiFamily
Architectural style: Three Story
Property subtype: Multi Family

Materials

Brick, Block
Roof: Rubber

Condition

Resale,Updated/Remodeled
Year built: 1868

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Erie

Financial & listing details

Price per square foot: $208/sqft
Tax assessed value: $406,900
Annual tax amount: $13,730
Date on market: 3/28/2026
Cumulative days on market: 105 days
Road surface type: Paved

Jake Scheloske

(814) 703-2034

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Estimated market value

Not available

Estimated sales range

Not available

$1,413/mo

Price history

Date	Event	Price
3/28/2026	Listed for sale	$2,750,000+1742.7%$208/sqft
Source: GEMLS #190057 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
3/23/2018	Listing removed	$600
Source: Owner Report a problem
12/16/2017	Listed for rent	$600
Source: Owner Report a problem
2/17/2016	Sold	$149,236$11/sqft
Source: GEMLS #43566 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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