$2,363 Closing Credit¹
#182078, Listing Office: Thrive Real Estate LLC
$299,900 List price
225 W 2nd St Erie, PA 16507
$3,561
Closing credit¹
6 beds
4,656 sqft
0.1 acres
$64 / sqft
Multi-Family
Property details
About 225 W 2nd St
Extremely rare opportunity to add this 5 unit building right off the bayfront to your portfolio. This beautifully well-maintained building is being offered at a 9 cap WITH MANAGEMENT COSTS INCLUDED! Income and expenses are real world numbers of the 2024 year. Units are always in demand and easy to rent out being walking distance to Gannon, Hamot, the bayfront, and all downtown Erie has to offer. Currently being professionally managed, and the manager would be happy to stay on for new owner. Large lot (55.5 X 165)next to the building is included with the sale creating opportunity to build another multi unit building, tiny homes, or parking.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
Size4,656 sqft
Lot size0.1212 Acres
Year built1852
MLS #181554
Summary
- MLS Number: 181554
- MLS Name: EriePA
- Office Name: Keller Williams Realty
- Office Phone: (814) 833-9500
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 12:45:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$299,900
225 W 2nd St
$3,561
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Pfeiffer-Burleigh Elementary School
Public District PK-5
0.9 mi
•235 E 11th St
3
Harding Elementary School
Public District PK-5
1.9 mi
•820 Lincoln Ave
3
McKinley Elementary School
Public District PK-5
2.1 mi
•933 E 22nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,805. Most Erie, PA residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
47%
<35k
45%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
67%
Single, No Kids
15%
Single, with Kids
12%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
51%
18-34 yrs old
25%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Popeyes
Cicis Pizza
What do the neighbors drive?
Buick
Dodge
Pontiac
What do the neighbors listen to?
Urban Contemporary
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Erie, PA
About 225 W 2nd St
This home is located at 225 W 2nd St in Erie, PA and zip code 16507. This 4,656 square foot home, which was built in 1852, sits on a 0.12 acre lot. Features: 6 bedrooms, 0 bathroom. It has been listed on Rocket Homes since February 12, 2025 and is currently priced at $299,900.
In March 2025 more than 29 listings in Erie, PA were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 49 were sold below. The number of listings in Erie, PA increased by 2.7% between February and March 2025. In March 2025, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $171,000.
From Rocket Homes Real Estate and based on county public records data.