Two-Unit Residential Income
For Sale
$299,900
284 Olmstead Ave, Lancaster, NY 14043
Well-maintained two-unit duplex with updates, ample parking, and a spacious backyard.
Days on Market75
Property Features for 284 Olmstead Ave
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
(716) 353-0258
Listed By:
Hans Hokenson
(716) 353-0258
Source:
Elliman
Added: May 19
Changed: Jul 21
Last Checked: Jul 23 at 10:29AM
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 Hans Hokenson
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential income property offers an updated, turnkey setup. The upper unit features 3 bedrooms and 2 bathrooms and is currently leased. The lower unit includes 2 bedrooms and 1 bathroom and is vacant, providing flexibility for owner occupancy or immediate re-tenanting. Recent improvements include new cabinets, fresh paint, updated bathrooms, and additional updates intended to reduce ongoing maintenance.
The property is located at 284 Olmstead Ave in Lancaster, NY. It offers convenient access to Reinstein Woods Nature Preserve, Como Lake Park, and the Village of Lancaster, with downtown Buffalo about 20 minutes away. Walkability and bikeability are rated as somewhat walkable and bikeable, respectively, with minimal transit.
Additional amenities include ample parking and a spacious backyard.
The property is located at 284 Olmstead Ave in Lancaster, NY. It offers convenient access to Reinstein Woods Nature Preserve, Como Lake Park, and the Village of Lancaster, with downtown Buffalo about 20 minutes away. Walkability and bikeability are rated as somewhat walkable and bikeable, respectively, with minimal transit.
Additional amenities include ample parking and a spacious backyard.
Key Highlights
- Two‑unit duplex built in 1900 with numerous recent updates throughout
- Upper unit: 3 bedrooms, 2 bathrooms, currently rented for $1,600 per month
- Lower unit: 2 bedrooms, 1 bathroom, vacant for owner occupancy or immediate rental
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with updates, ample parking, and a spacious backyard.
Where is this duplex located?
The property is located at 284 Olmstead Ave Lancaster, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1900 with numerous recent updates throughout; Upper unit: 3 bedrooms, 2 bathrooms, currently rented for $1,600 per month; Lower unit: 2 bedrooms, 1 bathroom, vacant for owner occupancy or immediate rental
