345-359 W 8th St Erie, PA 16502
Property details
About 345-359 W 8th St
Exceptional opportunity to own 17 units across four adjacent properties in the heart of Erie’s West Bayfront Neighborhood! Be part of the continued revitalization taking place along this West 8th Street Corridor. This well-positioned package is being offered at a 10% CAP RATE, delivering strong cash flow and ROI from day one. Extensive capital improvements have been completed on properties under the current ownership—See the included improvement list for full details. In addition to the residential units, this property includes 7 garage units currently leased for storage, providing an additional income stream. A large rear lot offers off-street parking for tenants. Situated near Gannon University, UPMC Hamot, Erie Insurance, Saint Vincent Hospital, State Street, Lake Erie, and public transportation, this property benefits from strong tenant demand and accessibility. With a proven rental history and long-term growth potential, this is a chance to capitalize on a high-performing asset!
Highlights
Summary
- Total Bedroom Count: 25
- Garage Space: 7 spaces
- Attached Garage: No
- Parking: Detached, Garage
- Architectural Style: SeeRemarks
- Heating: Forced Air
- Cooling: None
- List Price: $950,000
- Price/SqFt: $52
- Lot: Cleared
- Directions: South Side Of West 8th Street Between Chestnut & Myrtle Street
- Year Built: 1909
- Living Area: 18,085 SqFt
- MLS Number: 184213
- MLS Name: EriePA
- Office Name: The Bowers Group LLC
- Office Phone: (814) 874-4000
- Office Email: Jake@TheBowersGroup.com
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Last updated on: 7/24/2025, 1:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
6
Tracy Elementary School
Public District KG-5
0.4 mi
•2624 W 6th St
4
Montessori Regional Charter School
Public Charter KG-6
0.5 mi
•2549 W 8th St
3
Harding Elementary School
Public District PK-5
1.6 mi
•820 Lincoln Ave
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 $44,825. Typical income of Erie, PA residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Hiking/backpacking
Where do the neighbors shop?
Chico's
Stein Mart
Nordstrom Rack
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Bonefish Grill
What do the neighbors drive?
Buick
Oldsmobile
Lincoln
What do the neighbors listen to?
Soft Adult Contemporary
News
Classical
Frequently asked questions
Living in Erie, PA
Erie's transportation infrastructure supports both private and public transit options. The city's public bus service operates on a set schedule, offering residents and visitors reliable transportation across various routes. While ride-sharing services are available, the city also promotes walkability, particularly in the downtown area and along the Bayfront. The network of roads and highways, including Interstate 90 and State Route 20, facilitates commuting and travel to and from the city. Efforts to improve transport efficiency and accessibility are part of the city's planning initiatives.
The community is served by a robust educational system, including a variety of public and private schools that cater to different educational needs. Erie's healthcare network features several hospitals and clinics, providing residents with access to comprehensive medical services. The city also boasts a number of public libraries and a vibrant retail and dining landscape that mirrors the local culture. Initiatives to enhance services, particularly in response to demographic shifts, are ongoing to meet the evolving needs of the community.
Erie is known for its welcoming community and vibrant cultural scene. The city prides itself on its waterfront attractions along Lake Erie and its numerous parks and recreational areas that offer residents a blend of urban and natural amenities. Annual events, such as the Erie Summer Festival of the Arts and the Roar on the Shore motorcycle rally, underscore the city's dynamic character and its residents' enthusiasm for community gatherings.
Erie, Pennsylvania, offers a diverse housing market with a range of options to suit various preferences and budgets. The housing landscape is characterized by a mix of architectural styles, with a notable presence of Victorian, Colonial, and contemporary homes. Single-family homes are prevalent, complemented by a selection of apartments and townhouses. The area has seen development across different periods, with a significant number of properties dating back to the early to mid-20th century, reflecting the city's rich history.
About 345-359 W 8th St
The listing price of 345-359 W 8th St property is $950,000.
The property 345-359 W 8th St is a multi located in Erie, Pennsylvania, 16502.
Active Listing: 345-359 W 8th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 345-359 W 8th St are: Tracy Elementary School (GreatSchools Rating 6/10), Montessori Regional Charter School (GreatSchools Rating 4/10), Harding Elementary School (GreatSchools Rating 3/10), Strong Vincent Middle School (GreatSchools Rating 5/10), Westlake Middle School (GreatSchools Rating 7/10), Erie Rise Leadership Academy Charter School (GreatSchools Rating 4/10), McDowell High School (GreatSchools Rating 7/10), Erie High School (GreatSchools Rating 2/10), Perseus House Charter School of Excellence (GreatSchools Rating 2/10).
The property 345-359 W 8th St is 18,085 SqFt (source: MLS/tax record).
The year of construction for 345-359 W 8th St is 1909.
This home is located at 345-359 W 8th St in Erie, PA and zip code 16505. This 18,085 square foot home was built in 1909. Features: 25 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $950,000.
While more than 72 listings in Erie, PA in June 2025 were sold above asking price, there were more than 25 listings sold at asking price, and more than 56 were sold below. The number of listings in Erie, PA remained the same between May and June 2025. In June 2025, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $177,250.