Building Details

Building Size 2,600 SF

Year Built 1918

Stories 2

Units 3

Listing Agency: M***@gmail.com Show Phone

Listed By: Malik Abdullah Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 24 at 9:39AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Malik Abdullah

Investment Insights

Based on property information with market context.

This three-unit property is located in Lackawanna and includes a double garage. The property features updated bathrooms, new paint in all three units, and refinished hardwood floors. A full roof replacement was completed this year. The mechanical components are in good condition. This property is intended for use as a residential income property.

Key Highlights

• Strong cash flow potential from a 3‑unit property.
• Double garage included.
• Recently replaced roof.

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Spa & Massage Center Law Firm Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458

Businesses Nearby

Explore this area Business Placement

Demographics for 14218, NY

20,878

Population

9,478

Households

2.2

Avg Household Size

38

Median Age

21%

College-Educated

88%

High-School Grad

8.1 sq mi

ZIP Area

2,578

Density / Sq Mi

$50,484

Median Household Income

$36,457

Median Earnings

$829

Median Rent

$135,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with updated features and double garage.

Where is this triplex located?

The property is located at 1403 Electric Ave Lackawanna, NY.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Strong cash flow potential from a 3‑unit property.; Double garage included.; Recently replaced roof.