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Investor Opportunity - 14-Unit Apartment Complex in Fredonia Attention investors"”this is a rare opportunity to acquire a well-maintained 14-unit apartment complex just inside the Village of Fredonia. With a strong rental history and gross annual income exceeding $140,000, this property offers immediate cash flow and long-term upside. The property features two buildings: a front house with four spacious units and a rear single-story building consisting of 10 more units. Combined there are seven studio apartments, three 2-bedroom apartments, and four 1 bedroom apartments. Several units have been thoughtfully renovated, enhancing both appeal and rental potential. Several major improvements have already been completed, including newer roofs, updated boilers, and hot water tanks, reflecting consistent ownership care and reduced future capital expenses. The front building offers separately metered gas and electric for each of the four units, reducing expenses while adding efficiency and ease of management. Ideally located within walking distance to downtown Fredonia's shops, restaurants, and nightlife, and just minutes from SUNY Fredonia, this property benefits from a highly desirable rental location. Whether you're expanding your portfolio or entering the multi-family market, this property is a solid investment with proven performance.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1875 | COMMUNITY | Fredonia-Village-065801 |
| COUNTY | Chautauqua | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Fredonia Primary |
|---|---|
| Jr. High School | Fredonia Middle |
| High School | Fredonia High |
| PRICE HISTORY | |
| Prior to May 5, '26 | $799,999 |
|---|---|
| May 5, '26 - Today | $849,900 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Water Heater |
| AREA | Fredonia-Village-065801 |
| BASEMENT | Full, Sump Pump, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Exhaust Fan, Forced Air, Natural Gas |
| HOA DUES | Other |
| INTERIOR | Ceiling Fan(s), Storage |
| LOT | 1.0499 acre(s) |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 150X304 |
| PARKING | No Garage, Paved |
| STORIES | 2 |
| TAXES | 15276 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Michael Heald, Main Street Management & Development, 716-413-1500
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.
