Apartment Building

Lancaster, NY Apartment Buildings for Sale

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Buffalo, NY Elma, NY Bowmansville, NY Amherst, NY Clarence, NY Orchard Park, NY
Mixed-Use Property with Restaurant Space
Updated: Nov 27, 2025
Mixed-Use Property with Restaurant Space

1238 Walden Ave, Cheektowaga, NY 14211

$750,000
0.48 AC lot
Mixed‑use property suitable for business and residential purposes
Large upper‑level apartment with 4 bedrooms
Spacious parking lot with 20+ spots
Newly installed steel roof
Lower front unit adaptable for various uses (currently a restaurant)
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Fully Occupied 5-Unit Multifamily
Updated: Jun 24
Fully Occupied 5-Unit Multifamily

144 Sawyer Ave, Lancaster, NY 14043

$339,900
Fully occupied 5‑unit multifamily property with established tenants
Rental income of approximately $4,200 per month
Unit mix: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Separate gas and electric utilities for tenants; owner pays only water
Year built: 1920
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See what stands out in Erie County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lancaster, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Story Apartment Building
Three-Story Apartment Building

228 Brinkman Avenue, Buffalo, NY 14211

$475,000
8,600 sqft

All-brick residential property with 15 rooms, multiple common areas, and substantial infrastructure upgrades.

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Turn-Key Restaurant with Second Floor Apartment
Turn-Key Restaurant with Second Floor Apartment

4348 Seneca Street, West Seneca, NY 14224

$795,000

Fully equipped restaurant with apartment and parking in SouthTowns.

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Gothic Revival Church Redevelopment Opportunity
Gothic Revival Church Redevelopment Opportunity

929 Sycamore St, Buffalo, NY 14212

$135,000

Late 19th-century church in Buffalo, NY, for residential redevelopment.

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Fully Leased Multifamily Property
Fully Leased Multifamily Property

2259 Genesee St, Buffalo, NY 14211

$375,000

Six-unit multifamily property with additional converted apartment space.

View details

Lancaster, NY Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Lancaster, NY on our real estate platform.

Sale prices for two-family homes in Lancaster, NY start at $339,900, averaging $544,950, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 36K
Population Growth (5Y) +9.2%
Median Household Income $95,949
College Educated 56.5%

High-Yield Neighborhoods for Investment

Identify Lancaster submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Depew - 14043 $339.9K
Lancaster - 14086 $649K

Taxes & Financing

Tax Rate (average for all types) 5.96%
Tax Rate vs County Average 1.45 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Erie County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Erie County

Retail

Residential Income

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