$249,000

368 Olmstead Avenue, Lancaster, NY 14043

  • 3 beds |
  • 2 baths |
  • 1,364 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1855
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $183/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Welcome to 368 Olmstead Ave, Depew, NY! Great opportunity to own a well-maintained two-unit property offering flexibility for both owner-occupants and investors. The upper unit features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month, providing immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is vacant, making it perfect for an owner-occupant or for setting your own rental terms. The property has seen several updates throughout, including newer carpeting and a recently renovated bathroom, enhancing comfort and appeal as well as other improvements designed to reduce maintenance. With one unit already generating income and the other move-in ready, this property presents a solid opportunity to offset expenses or expand your investment portfolio. The property features ample parking and a spacious backyard. Conveniently located near the Village of Lancaster, Reinstein Woods Nature Preserve, Como Lake Park, and just 20 minutes from downtown Buffalo. A turnkey investment in a desirable, accessible area.

Listing Status:
Active
Date Added:
December 12, 2025 at 06:00AM
Listing Office:
Howard Hanna WNY Inc. : 716-655-1655
Listing Agent:
Hans Hokenson : 716-353-0258
MLS ID:
B1654477
  • Appliances: Gas Water Heater
  • Basement: Full
  • Flooring: CarpetVariesVinyl
  • A/C: Zoned
  • Heating: GasZonedBaseboard
  • Fireplace: Fireplaces: 0
  • Parking: Concrete
  • General: Aluminum Siding2
  • Road/Access: City Street
  • Originating MLS: NYS_B
  • School District: Depew
  • County: Erie
  • Zoning: 145201-104-240-0004-031-000
  • Utilities: Sewer ConnectedWater Connected
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_B

This listing courtesy of Hans Hokenson, Howard Hanna WNY Inc.

Monthly Payment

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

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Location

Schools Nearby

C

Cayuga Heights Elementary School

1780 Como Park Blvd, Depew, NY, 14043

Grades KG-5

1.71 miles away

D

Depew Middle School

5201 Transit Rd, Depew, NY, 14043

Grades 6-8

1.59 miles away

D

Depew High School

5201 Transit Rd, Depew, NY, 14043

Grades 9-12

1.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.