$299,000

35 Cowing Street, Lancaster, NY 14043

  • 6 beds |
  • 2 baths |
  • 1,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,887sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $187/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

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.

Listing Status:
Active
Date Added:
August 6, 2026
Data Last Updated:
August 10, 2026 at 3:16PM
Listing Office:
HUNT Real Estate ERA : 716-681-3900
Listing Agent:
Victor Bandriwsky : 716-770-5478
Contact:
716-770-5478
MLS ID:
B1704607
  • Appliances: Gas Water Heater
  • Basement: FullSump Pump
  • Flooring: LaminateVariesVinyl
  • Heating: ElectricGasForced Air
  • Fireplace: Fireplaces: 0
  • General: BalconyPatio
  • Style: Duplex
  • Other Structures: BalconyPatio
  • Parking: Concrete
  • Roofing: Asphalt
  • General: Fiber CementOtherSee RemarksCopper Plumbing2
  • Road/Access: City Street
  • Originating MLS: NYS_B
  • School District: Lancaster
  • County: Erie
  • Zoning: 145203-104-150-0018-009-000
  • Utilities: Sewer ConnectedWater Connected
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_B

This listing courtesy of Victor Bandriwsky , HUNT Real Estate ERA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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