63 Winstead Road 57, Lackawanna, NY 14218

• 9 beds |
• 4 baths |
• 5,139 sqft

Property Description

Welcome to 63 Winstead Road – an exceptional investment opportunity or the perfect residence for those seeking rental income to offset mortgage costs. This unique property comprises four separate apartments, each featuring its own private entrance, basement access, and dedicated off-street parking spaces. The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance. Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements. Currently, the property generates $2,450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3,600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors. Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road. Schedule a private viewing to learn more about this promising investment opportunity.

Listing Status:

Pending

Date Added:

June 27, 2026

Data Last Updated:

August 10, 2026 at 6:16PM

Listing Office:

WNY Metro Roberts Realty : 716-875-2211

Listing Agent:

Alan Miller : 716-880-6723

Contact:

716-875-2211

MLS ID:

B1694152

Interior

• General: StorageNatural WoodworkWindow Treatments
• Appliances: Gas Water Heater
• Basement: FullSump Pump
• Flooring: Ceramic TileHardwoodLaminateLuxury VinylTileVariesVinyl
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• Style: Fourplex
• Other Structures: PorchCoveredOpen
• Parking: ConcreteParking AvailableTwo or More Spaces

Construction

• Roofing: AsphaltArchitecturalShingle
• Windows: DrapesThermal Windows
• General: BlockFrameConcreteVinyl SidingCopper PlumbingPEX Plumbing2Block

Location

• Road/Access: City StreetMain Thoroughfare
• Originating MLS: NYS_B
• School District: Lackawanna
• County: Erie

Lot

• Zoning: 140900-142-120-0001-002-000

Utilities

• Utilities: Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater Connected
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_B