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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.
| DAYS ON MARKET | 7 | LAST UPDATED | 8/7/2026 |
|---|---|---|---|
| TRACT | Holland Land Company's Su | YEAR BUILT | 1900 |
| COMMUNITY | Lancaster-Village-145203 | GARAGE SPACES | 2.0 |
| COUNTY | Erie | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater, Water Heater |
|---|---|
| AREA | Lancaster-Village-145203 |
| BASEMENT | Full, Sump Pump, Yes |
| CONSTRUCTION | Fiber Cement, Other, See Remarks |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Electric, Forced Air, Natural Gas |
| HOA DUES | Multi Family |
| LOT | 4887 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 40X122 |
| PARKING | Concrete |
| STORIES | 2 |
| STYLE | Duplex |
| SUBDIVISION | Holland Land Company's Su |
| TAXES | 3441 |
| UTILITIES | Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | Residential 2 Unit |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Victor Bandriwsky, HUNT Real Estate ERA, 716-770-5478
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 2026.
