Positioned in the heart of downtown Erie, this exceptional mixed-use property presents a rare opportunity to own a fully revitalized asset rich in character and income potential. Registered in the National Registry of Historic Buildings, the property offers access to valuable grants and tax incentives, enhancing long-term returns. Thoughtfully redeveloped in 2021, the building blends historic charm with modern updates throughout. The property features six total units, including two established retail tenants on the first floor, providing immediate cash flow and strong street presence. Upper levels offer move-in ready space ideal for office or residential use, along with additional square footage ready for build-out—creating significant upside for added value. Ideal for investors or owner-operators seeking a turnkey opportunity with expansion potential in a prime downtown location.
For sale
$1,899,900
502/506 State St, Erie, PA 16501
--beds
6baths
15,948sqft
Multi Family
Built in 1858
-- sqft lot
$-- Zestimate®
$119/sqft
$-- HOA
What's special
- 174 days
- 312
- 9
Zillow last checked:
Listing updated:
Listed by:
Jake Scheloske 814-449-7973,
Agresti Real Estate 814-459-9400
Source: GEMLS,MLS#: 190226Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 15,948
- Total interior livable area: 15,948 sqft
Property
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 6,651 Square Feet
- Dimensions: 37 x 103 x 0 x 0
Details
- Parcel number: 17040002.0104.00
- 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
- Year built: 1858
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Erie
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $1,251,100
- Annual tax amount: $50,431
- Date on market: 4/2/2026
- Cumulative days on market: 175 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,311/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $1,899,900$119/sqft |
Source: GEMLS #190226 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 16501
Nearby schools
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.


