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    Updated Duplex in Lancaster Village

    5302 Broadway Street Lancaster, NY 14086

    5302 Broadway Street, Lancaster, NY, 14086
    $329,900
    Pending
    For Sale
    Claim this Listing
    $329,900
    Pending

    MULTI_FAMILY - Other - Lancaster, NY

    Property Size1,960 SF
    Lot Size0.16 Acres
    AddedMay 22
    Days on Market55
    Last RefreshJul 15 at 10:06 am

    Property Features for 5302 Broadway Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Basement
    Patio and Porch features
    Deck
    Interior features
    CeilingFans
    Exterior features
    Deck
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    145203-104-190-0003-002-000
    Size
    1,960 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5248

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Carpet, Tile, Hardwood
    Building materials
    VinylSiding
    Architectural style
    Other

    Listing agent John Santora III License #10401291249

    Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

    Listing date May 22, 2026

    MLS# B1683540 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in the heart of the Village of Lancaster, this meticulously maintained and extensively updated duplex presents an exceptional investment or owner-occupied opportunity. Constructed in 1900, this multi-family home combines classic charm with modern improvements. The property offers approximately 1,960 square feet of total living space, with each of the upper and lower apartments featuring 2 bedrooms, 1 full bathroom, and approximately 980 square feet of comfortable living space. Shared deck and basement access, along with a rear mudroom entry, enhance convenience for tenants or owner-occupants. The exterior boasts curb appeal with maintenance-free vinyl siding, inviting front and rear entryways, sidewalks, and outdoor spaces. Separate front entrances with newly constructed outdoor landings provide privacy for both units. A spacious rear porch and backyard offer relaxing outdoor areas. Both apartments feature updates including laminate flooring, tile work, plumbing fixture replacements, cabinetry, bathrooms, updated shower valves, and hot water tanks. The lower apartment also includes additional storage room construction. Major mechanical and structural improvements include updated electrical service panels for both units, sump pump and bubbler system installation, cement retaining walls at basement steps, porch tear-off roof replacement, and a full tear-off main roof replacement. Situated steps from shopping, dining, parks, and conveniences, the property offers sidewalks, nearby green spaces, and easy access to schools, restaurants, and local amenities. The property is located on a lot of approximately 0.1606 acres.

    Key Highlights

    • 2‑unit duplex built in 1900 with approx. 1,960 SF total living space
    • Each unit offers 2 bedrooms and 1 full bathroom with approx. 980 SF per apartment
    • Separate front entrances plus shared deck and basement access; rear mudroom entry

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $27.0k $13.80
    − Vacancy −$9.0k −$4.61
    EGI $18.0k $9.19
    − OpEx −$5.4k −$2.76
    NOI $12.6k $6.43
    1,960 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $180.0K
    $157.5K – $210.0K (±1% cap)
    NOI $12,602 @ 7.0% cap · market cap 3.82%
    Second Best
    Apartment 5plus
    $161.7K
    $141.5K – $188.6K (±1% cap)
    NOI $11,316 @ 7.0% cap · market cap 3.43%
    Theoretical Best
    Office A
    $428.5K
    $374.9K – $499.9K (±1% cap)
    NOI $29,993 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Daycare Center Hair Salon (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Kitchen & Bath Showroom Acupuncture

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Charming, updated 2-unit property in the heart of Lancaster.
    Where is this duplex located?
    The property is located at 5302 Broadway Street Lancaster, NY.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: 2‑unit duplex built in 1900 with approx. 1,960 SF total living space; Each unit offers 2 bedrooms and 1 full bathroom with approx. 980 SF per apartment; Separate front entrances plus shared deck and basement access; rear mudroom entry
    Contact an agent
    (716) 908-4304
    We can help!
    Contact an agent
    John Santora III
    John Santora III
    Real Estate License ID: 10401291249
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