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Four-Unit Quadplex with Private Entrances
For Sale
$275,000

248 Millhurst Rd 242, Lackawanna, NY 14218

Four separate-access units each offer private basements with laundry hookups, plus individual yards and driveways.

Property SizeContact for details
Days on Market52

Property Features for 248 Millhurst Rd 242

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1950
Listing Agency: RE/MAX Plus
Listed By: Cindy Maze · License #10301213053
Source: Elliman
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 6 at 5:51AM

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 RE/MAX Plus

Investment Insights

Based on property information with market context.

This four-unit quadplex is configured for a single-family feel, with each unit having its own private entrance, separate driveway access, and backyard access. Residents also have private basement space that includes laundry hook-ups, supporting in-home laundry convenience. One unit has been modified for accessibility, including a wheelchair ramp and an accessible shower. Updates include a metal roof replacement on 244/246 in 2025, along with two newer hot water tanks.

The property is located in Lackawanna, NY, with proximity to parks and shopping, and convenient access to the thruway. Walkability and transit options are described as somewhat limited, while bikeability is also characterized as somewhat bikeable.

For buyers seeking a residential income property with tenant-friendly layout and in-unit laundry support, this quadplex’s private entrances, driveways, and basements are designed to reduce shared living friction. The accessibility improvements and recent roof and hot water tank updates may also be useful considerations for long-term resident satisfaction and ongoing maintenance planning.

Key Highlights

  • 4‑unit investment property built in 1950
  • Each unit has its own private entrance, separate driveway, and backyard access
  • Private basement space for each unit with laundry hook‑ups

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

348
Businesses Nearby

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?
Quadplex - Four separate-access units each offer private basements with laundry hookups, plus individual yards and driveways.
Where is this quadplex located?
The property is located at 248 Millhurst Rd 242 Lackawanna, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4‑unit investment property built in 1950; Each unit has its own private entrance, separate driveway, and backyard access; Private basement space for each unit with laundry hook‑ups
More about this property
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