209 E Main Girard, PA 16417
Estimated payment $2,835/month
Highlights
- 1.12 Acre Lot
- Hot Water Heating System
- 3-minute walk to Wells Park
About This Home
Introducing the Elk Creek Historical Lodge — a rare 16-unit approved boarding house delivering serious cash flow and a strong 13.5% cap rate with large net income. This income-producing asset features 16 rentable units plus an on-site property manager for streamlined, hands-off operations. Situated on over an acre, the lodge blends historic character with practical upgrades, including industrial-grade kitchen equipment, a spacious common area ideal for group gatherings, two marble fireplaces, updated electrical, a commercial boiler system, and brand-new plumbing in 11 upper units. Ample off-street parking adds convenience, while flexible commercial/residential zoning and a valuable lodge tax exemption further enhance returns. With solid rental history and value-add stability, this is a high-yield investment opportunity you don’t want to miss. POSSIBLE OWNER FINANCING AVAILABLE WITH 75K DOWN.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,301
Year Built
- Built in 1900
Lot Details
- 1.12 Acre Lot
- Lot Dimensions are 198x329x148x329
Home Design
- Aluminum Siding
Interior Spaces
- 16 Bedrooms
- 12,408 Sq Ft Home
- 2-Story Property
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 23-015-048.0-011.00
Community Details
Overview
- 16 Units
Building Details
- Insurance Expense $6,000
- Maintenance Expense $4,980
- Water Sewer Expense $5,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,854 | $192,000 | $91,100 | $100,900 |
| 2024 | $5,345 | $192,000 | $91,100 | $100,900 |
| 2023 | $5,163 | $192,000 | $91,100 | $100,900 |
| 2022 | $5,032 | $192,000 | $91,100 | $100,900 |
| 2021 | $4,971 | $192,000 | $91,100 | $100,900 |
| 2020 | $4,923 | $192,000 | $91,100 | $100,900 |
| 2019 | $4,810 | $192,000 | $91,100 | $100,900 |
| 2018 | $4,639 | $192,000 | $91,100 | $100,900 |
| 2017 | $4,524 | $192,000 | $91,100 | $100,900 |
| 2016 | $5,282 | $192,000 | $91,100 | $100,900 |
| 2015 | $5,234 | $192,000 | $91,100 | $100,900 |
| 2014 | $2,256 | $192,000 | $91,100 | $100,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2026 02/28/26 | For Sale | $449,900 | -- | $36 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $215,000 | None Available | |
| Warranty Deed | $125,000 | -- | |
| Corporate Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $172,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $200,000 | Commercial |
Source: Greater Erie Board of REALTORS®
MLS Number: 189799
APN: 23-015-048.0-011.00
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Ask me questions while you tour the home.