Turnkey multi-family investment opportunity in the Village of Lancaster! This high-performing double features two spacious 3-bedroom apartments generating $2,900 in total gross monthly rent, with the downstairs unit currently leased for $1,550 and the upstairs unit for $1,350. The downstairs unit will be delivered vacant by closing, presenting a flexible opportunity for owner-occupants, house-hackers, or investors seeking to place a new tenant at current market rates. All major mechanicals and high-ticket capital improvements have been completed, including a new main sewer line with a transferable 5-year warranty installed in 2025, new hot water tanks in 2025, and a full tear-off roof with gutters completed in 2020. Unlocked asset upside remains with a detached 2-car garage, sunroom office, partially finished attic, and basement storage that offer immediate potential for additional rental income. Separate utilities split responsibility cleanly between units.
Active
$299,000
35 Cowing St, Lancaster, NY 14086
6beds
1,600sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$287,700 Zestimate®
$187/sqft
$-- HOA
What's special
Basement storageSunroom officePartially finished attic
- 47 days
- 179
- 6
Zillow last checked:
Listing updated:
Listed by:
HUNT Real Estate ERA 716-681-3900,
Victor Bandriwsky 716-770-5478
Source: NYSAMLSs,MLS#: B1704607
Originating MLS: Buffalo
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Laminate, Varies, Vinyl
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Patio
- Exterior features: Balcony, Patio
Lot
- Size: 4,887 Square Feet
- Dimensions: 40 x 122
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 1452031041500018009000
- Zoning description: Residential 2 Unit
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Fiber Cement, Other, See Remarks, Copper Plumbing
- Roof: Asphalt
Condition
- Resale
- Year built: 1900
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Holland Land Company's Su
Location
- Region: Lancaster
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $80,000
- Annual tax amount: $3,441
- Date on market: 8/6/2026
- Cumulative days on market: 47 days
- Listing terms: Cash,Conventional,FHA,Private Financing Available,VA Loan
Estimated market value
$287,700
$273,000 - $302,000
$1,373/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $299,000$187/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 14086
Nearby schools
Schools provided by the listing agent
- District: Lancaster
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




