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Welcome to 368 Olmstead Ave, Depew, NY! Great opportunity to own a well-maintained two-unit property offering flexibility for both owner-occupants and investors. The upper unit features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month, providing immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is vacant, making it perfect for an owner-occupant or for setting your own rental terms. The property has seen several updates throughout, including newer carpeting and a recently renovated bathroom, enhancing comfort and appeal as well as other improvements designed to reduce maintenance. With one unit already generating income and the other move-in ready, this property presents a solid opportunity to offset expenses or expand your investment portfolio. The property features ample parking and a spacious backyard. Conveniently located near the Village of Lancaster, Reinstein Woods Nature Preserve, Como Lake Park, and just 20 minutes from downtown Buffalo. A turnkey investment in a desirable, accessible area.
| DAYS ON MARKET | 4 | LAST UPDATED | 12/12/2025 |
|---|---|---|---|
| TRACT | Holland Company's Surv | YEAR BUILT | 1855 |
| COMMUNITY | Depew Village-Lancaster-145201 | COUNTY | Erie |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Depew Village-Lancaster-145201 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Baseboard, Natural Gas, Zoned |
| HOA DUES | Multi Family |
| LOT | 0.3833 acre(s) |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | 60X278 |
| PARKING | Concrete |
| STORIES | 2 |
| SUBDIVISION | Holland Company's Surv |
| TAXES | 4653 |
| UTILITIES | Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Hans Hokenson, Howard Hanna WNY Inc., 716-353-0258
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2025.
