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    153 Argus Dr Lancaster, NY 14043

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    For Sale
    $199,900

    Triplex with three-bedroom apartments near Buffalo Airport and Transit Road.

    Lot size:
    0.18 Acres

    Property Features for 153 Argus Dr

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1962

    Source: Realty WG Agent Wallace Grieser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Triplex Investment Opportunity

    This modern split foyer property features a garden level and upper level, each containing a three-bedroom apartment with approximately 1000 square feet of living space. Situated in a friendly neighborhood, the location is in high demand, which may help maintain occupancy with quality tenants. The property is conveniently located near the Buffalo International Airport, Lancaster High School, and the commercial services along Transit Road and Walden Avenue. Constructed with brick and vinyl, the property is designed for minimal maintenance and potential growth in value over time. The current upper tenant is on a month-to-month lease and is willing to pay market rate. This property is intended as an investment opportunity to achieve return on investment objectives.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Erie
    State
    New York
    Longitude
    -78.6910491
    Latitude
    42.9203188

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    FAQs

    What type of property is this?
    Triplex - Triplex with three-bedroom apartments near Buffalo Airport and Transit Road.
    Where is this triplex located?
    The property is located at 153 Argus Dr Lancaster, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Three separate 3-bedroom apartments, each approximately 1000 sq ft.; - High demand location ensures consistent occupancy with quality tenants.; - Low-maintenance brick and vinyl exterior.
    (716) 430-1303
    Request Owner's contact information
    153 Argus Dr Lancaster, NY 14043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153 Argus Dr Lancaster, NY 14043
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