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Exceptional investment or owner-occupant opportunity in the highly sought-after Village of Lancaster! This spacious 3-unit property offers over 5,000 sq ft of living space, strong income potential, and even room to expand with the possibility of a 4th unit. Unit 1 has been fully remodeled from top to bottom and features a modern, open-concept layout with 3 bedrooms and 1 full bath. Updates include a completely renovated kitchen and bathroom, new flooring, updated windows, and fully updated plumbing and electrical-truly turnkey. The boiler and hot water tank for Unit 1 were replaced in 2010. This unit is vacant and ready for an owner-occupant or new tenant. Unit 2 offers 4 bedrooms and 1 full bath, highlighted by vaulted wood ceilings and a sliding glass door leading to a private rooftop area. Unit 3 is a spacious 1 bedroom, 1 bath apartment. All units feature generously sized rooms, while Units 2 and 3 are finished with tongue and groove pine and are occupied by long-term tenants. The property includes separate utilities for each unit. Units 1 & 2 offer in-unit laundry. A full, dry basement offers excellent storage and functionality, complete with a garage door and ramp access-ideal for equipment, storage, or workshop use. Major updates include multiple roof improvements: front section replaced with a 40-year roof, rear upper section replaced in 2018, and small flat roof area between units replaced in 2024. Blacktop driveway replaced in 2022. An additional unfinished 24' x 36' space offers potential for future expansion or conversion into a 4th unit. Situated with no rear neighbors, this property provides added privacy while still being conveniently located in the Lancaster School District, close to village amenities, shops, and restaurants. Offers due 5/13 at 12pm.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Lancaster-Village-145203 |
| GARAGE SPACES | 1.0 | COUNTY | Erie |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Lancaster-Village-145203 |
| BASEMENT | Full, Sump Pump, Walk-Out Access, Yes |
| CONSTRUCTION | Block, Concrete, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Natural Gas, Wall Furnace |
| HOA DUES | Multi Family |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 50X105 |
| PARKING | Paved |
| STORIES | 2 |
| STYLE | Triplex |
| TAXES | 9065 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Tyler Ehde, Century 21 North East
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
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This IDX solution is (c) Diverse Solutions 2026.
