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Listed price in listed location currency (USD).
$1,899,900

060

MLS® 190226

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 15948 sqft
Garage No
Taxes $50,431
Days Active 22
Lot Size 0.1527 acres
Approx. Age 1858
Avg. Price Per Sqft $119
MLS® Number 190226

Property Address: 502/506 State Street, Erie, PA, 16501

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number190226
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1527
Exterior
GarageNo
Approx. Age1858
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$1,899,900List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 2, 2026List Date
$1,899,900List Price
  • Commute

Commute

Starting Address
Destination Address
502/506 State Street, Erie, PA

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