Welcome to this mixed-use, income generating property in Lackawanna, NY. This corner lot offers a unique investment opportunity. The property features a commercial space on the lower level, two rental apartments on the second floor, a two-car garage, a spacious parking lot that can accommodate over ten vehicles, a full basement, and a full attic. The current tenants provide a steady rental income of $2,700 (store $1100, upper front $650, upper back $950) per month. Updates were done in last few years are - new furnace for upper (2021) new hot water tank (2021), newly installed gutters all around the roof (2021) and updated parking lot fence. The property is conveniently located within walking distance of the City of Lackawanna downtown and Erie County Botanical Garden. Location near public transportation, major highways and various amenities are just minutes away. Offers will be reviewed as they are received.
Closed
$225,000
1441 Electric Ave, Lackawanna, NY 14218
5beds
5,191sqft
Triplex, Multi Family
Built in 1947
-- sqft lot
$266,600 Zestimate®
$43/sqft
$1,098 Estimated rent
Home value
$266,600
$240,000 - $293,000
$1,098/mo
Zestimate® history
Owner options
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$1,098/mo
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$1,098/mo
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$1,294/mo
Est. payment
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$1,294/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
AKM Husen 716-263-2655,
Howard Hanna WNY Inc.
Bought with:
NONMLS NONMLS
NON MLS
Source: NYSAMLSs,MLS#: B1541369
Originating MLS: Buffalo
Originating MLS: BuffaloFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Laminate, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,191
- Total interior livable area: 5,191 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,001 Square Feet
- Dimensions: 30 x 100
- Features: Corner Lot, Near Public Transit, Residential Lot
Details
- Parcel number: 1409001425400003008000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Foundation: Poured
- Roof: Asphalt
Condition
- Resale
- Year built: 1947
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Buffalo Crk Reservation
Location
- Region: Lackawanna
Financial & listing details
- Price per square foot: $43/sqft
- Tax assessed value: $190,000
- Annual tax amount: $8,343
- Date on market: 5/28/2024
- Cumulative days on market: 17 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2024 | Sold | $225,000+0%$43/sqft |
Source:  NYSAMLSs #B1541369 Report a problem | ||
| 6/15/2024 | Pending sale | $224,900$43/sqft |
Source: NYSAMLSs #B1541369 Report a problem | ||
| 6/15/2024 | Contingent | $224,900$43/sqft |
Source: NYSAMLSs #B1541369 Report a problem | ||
| 5/28/2024 | Listed for sale | $224,900+149.9%$43/sqft |
Source: NYSAMLSs #B1541369 Report a problem | ||
| 2/27/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/16/2020 | Sold | $90,000-25%$17/sqft |
Source: Agent Provided Report a problem | ||
| 11/26/2019 | Listing removed | $119,999$23/sqft |
Source: Owner Report a problem | ||
| 8/28/2019 | Price change | $119,999+0.1%$23/sqft |
Source: Owner Report a problem | ||
| 8/15/2019 | Price change | $119,900-7.7%$23/sqft |
Source: Owner Report a problem | ||
| 7/1/2019 | Price change | $129,900-7.1%$25/sqft |
Source: Owner Report a problem | ||
| 6/13/2019 | Listed for sale | $139,900$27/sqft |
Source: Owner Report a problem | ||
| 4/2/2019 | Listing removed | $139,900$27/sqft |
Source: Empire Realty Services Group, Inc. #B1151542 Report a problem | ||
| 11/26/2018 | Price change | $139,900-6.7%$27/sqft |
Source: Empire Realty Services Group, Inc. #B1151542 Report a problem | ||
| 10/2/2018 | Listed for sale | $149,900$29/sqft |
Source: Empire Realty Services Group, Inc. #B1151542 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lackawanna
Nearby homes
- $121,7003 bd1 ba1k sqft29 Peach St, Lackawanna, NY 14218Off Market
- $213,0006 bd2 ba2.3k sqft1435 Electric Ave, Buffalo, NY 14218Off Market
- $82,278-- bd-- ba2.3k sqft1447 Electric Ave, Buffalo, NY 14218Off Market
- $82,278-- bd-- ba2.3k sqft1447 Electric Ave, Buffalo, NY 14218Off Market
- $120,8002 bd1 ba690 sqft1447 Electric Ave, Buffalo, NY 14218Off Market
- $151,5004 bd2 ba1.6k sqft27 Peach St, Lackawanna, NY 14218Off Market
- $2,813-- bd-- ba-- sqft1451 Electric Ave, Buffalo, NY 14218Off Market
- $168,1004 bd2 ba2.1k sqft1431 Electric Ave, Buffalo, NY 14218Off Market
Nearby schools
GreatSchools rating
- 3/10Martin Road Elementary SchoolGrades: 2-5Distance: 0.6 mi
- 2/10Lackawanna Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Lackawanna High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Lackawanna
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$266,600
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- New York
- Erie County
- Buffalo
- 14218
- Lackawanna
- 1441 Electric Ave
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