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502/506 State Street, 
Erie, PA 16501

$1,899,900


Bed


6

Baths


15,948

Sq Ft


Multi-Family

Active

Listed by

Jake Scheloske

Agresti Real Estate

814-459-9400

Last updated:

May 28, 2026, 01:57 PM

MLS#

190226

Source:

PA GEBR

About This Home

502/506 State Street

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.

Home Facts

Multi-Family

6 Baths

Built in 1858

Price Summary

1,899,900

$119 per Sq. Ft.

MLS #:

190226

Last Updated:

May 28, 2026, 01:57 PM

Added:

1 month(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Interior

Living Area:

15,948 Sq. Ft.


Structure

Structure

Building Area:

15,948 Sq. Ft.

Year Built:

1858


Lot

Lot Size (Sq. Ft):

6,651


Finances & Disclosures

Finances

Price:

$1,899,900

Price per Sq. Ft:

$119 per Sq. Ft.

Source:PA GEBR
The information being provided by Greater Erie Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Erie Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.