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Property Description

Welcome to 182 Lancaster Avenue - a rare opportunity to own a four-unit property in the heart of Elmwood Village. Set within a classic Queen Anne-style residence, this home showcases timeless architectural character paired with strong income potential, just steps from one of Buffalo's most sought-after and walkable neighborhoods. An oversized front porch enhances the curb appeal - the perfect setting to relax on summer days and enjoy the energy of Elmwood Avenue. This well-maintained multi-family features two spacious 2-bedroom apartments and two 1-bedroom apartments, a highly desirable and flexible unit mix with strong rental demand. The first-floor unit is currently vacant and has been updated with a brand-new kitchen, making it ideal for an owner-occupant or for immediate market-rate leasing. Additional updates include a newer boiler (2021), exterior paint (2023), shared basement laundry, and off-street parking for all tenants - a rare and valuable convenience in this prime location. All mechanicals are serviced yearly, providing added peace of mind and consistent performance. The property delivers solid income potential with meaningful upside for future appreciation in a consistently strong rental market. Located just steps from Elmwood Avenues vibrant shops, cafƩs, restaurants, parks, nightlife, and cultural attractions, this property provides unmatched walkability and lifestyle appeal. Whether you're seeking to live in one unit while tenants help offset expenses or add a strong, stable asset to your portfolio, 182 Lancaster Avenue delivers location, flexibility, and long-term value in one exceptional package. Showings at open house(s) only. Showings begin Wednesday 5/20 5-7pm, Saturday 5/23 12-2pm.

182 Lancaster Avenue | MLS# B1676162

This home located at 182 Lancaster Avenue , Buffalo, NY 14222 is currently listed for sale with an asking price of $685,000. This property was built in 1900 and has 6 bedrooms and 4 full baths with 4549 sq. ft. Lancaster Avenue is located within the Buffalo school district. Search Buffalo real estate on www.coldwellbankerprime.com today.

Upcoming Open Houses

Open House Wednesday May 20th, 5:00pm - 7:00pm
Open House Saturday May 23rd, 12:00pm - 2:00pm

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Property Features

Property Type: Residential - Multiple
Basement: Full
Fireplaces: 2
Heating: Gas, Steam
Home Style: Fourplex
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $10,364
Year Built: 1900

Amenities

CeilingFans
EntranceFoyer
Storage
Skylights
NaturalWoodwork
WindowTreatments

Feature Descriptions

Accessibility: LowThresholdShower
Appliances: GasWaterHeater
Exterior: Other, WoodSiding, CopperPlumbing
Flooring: Carpet, Hardwood, LuxuryVinyl, Tile, Varies
Laundry: CommonArea
Lot: NearPublicTransit, Rectangular, RectangularLot
Lot Dimensions: 40X120
Parcel#: 140200-100-220-0002-012-000
Parking: Common, Paved, ParkingAvailable, TwoOrMoreSpaces
Parking Notes: Common, Paved, ParkingAvailable, TwoOrMoreSpaces
Patio/Porch: Covered, Porch
Security: FireEscape
Sewer: Connected
Units: 4
Utilities: ElectricityConnected, HighSpeedInternetAvailable, SewerConnected, WaterConnected
Water: Connected, Public
Window: Drapes, LeadedGlass, Skylights

Local Schools

School District: Buffalo

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Estimated Payment

$ 2,587.97 per month $1,524.51 Principal & Interest $863.67 Property Tax $199.79 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty WNY
Agency Contact: 716-908-4212

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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