Skip main navigation
For sale
  • $1,899,900

    502/506 State St, Erie, PA 16501

    --beds
    6baths
    15,948sqft
    : 
    Loading
    Get pre-qualified
    Multi Family
    Built in 1858
    -- sqft lot
    $1,665,100 Zestimate®
    $119/sqft
    $-- HOA

    What's special

    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.
    94 days
    |
    351
    |
    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: 94 days
      • Road surface type: Paved
      Jake Scheloske

      (814) 703-2034

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        $1,665,100

        $1.55M - $1.78M

        $1,319/mo

        Price history

        DateEventPrice
        4/2/2026Listed 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

        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 16501

        Getting around

        90 / 100
        Very Walkable
        48 / 100
        Some Transit
        54 / 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.