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Three-Unit Residential Income Property
For Sale
$249,900

18 Cleveland Ave, Fredonia, NY 14063

Well-maintained three-unit property with two-bedroom lower units and a three-bedroom upper unit, plus off-street parking.

Days on Market72

Property Features for 18 Cleveland Ave

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family

Additional Details

Multifamily Units 3

Amenities

laundry hook-ups

Building Details

Year Built 1897
Tenancy Multi
Listing Agency:
Listed By: Tara Walrod
Source: Elliman
Added: May 20 Changed: Jul 23 Last Checked: Jul 29 at 9:03AM

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 Tara Walrod

Investment Insights

Based on property information with market context.

This well-maintained three-unit residential income property is configured with two spacious lower apartments, each offering 2 bedrooms and 1 bathroom, and an upper unit with 3 bedrooms and 1 bathroom. Each apartment includes laundry hook-ups for tenant convenience.

The property provides off-street parking for up to three vehicles. It has been professionally managed long term, and the current property management is willing to remain in place for a seamless transition.

Offered as an income-producing, low-maintenance asset, the property is currently generating $3,900 per month.

Key Highlights

  • Three‑unit property built in 1897 in Fredonia
  • Unit mix: two 2‑bedroom, 1‑bath lower apartments and one 3‑bedroom, 1‑bath upper unit
  • Laundry hook‑ups included in all apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Real Estate Agency Parking Lot & Garage Daycare Center

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

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

626
Businesses Nearby

Demographics for 14063, NY

13,028
Population
5,861
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
256
Density / Sq Mi
$55,629
Median Household Income
$27,358
Median Earnings
$852
Median Rent
$178,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained three-unit property with two-bedroom lower units and a three-bedroom upper unit, plus off-street parking.
Where is this triplex located?
The property is located at 18 Cleveland Ave Fredonia, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three‑unit property built in 1897 in Fredonia; Unit mix: two 2‑bedroom, 1‑bath lower apartments and one 3‑bedroom, 1‑bath upper unit; Laundry hook‑ups included in all apartments
More about this property
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