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Triplex with Double Lot Parking
For Sale
$239,999

31 Elkhart St, Lackawanna, NY 14218

Well-maintained triplex with unit mix of 3-bed, 1-bed, and studio apartments plus shared coin laundry and off-street parking.

Property SizeContact for details
Days on Market52

Property Features for 31 Elkhart St

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1905
Listing Agency: WNY METRO ROBERTS REALTY
Listed By: Matthew Messing · License #10401360512
Source: Elliman
Added: Jun 17 Changed: Jul 10 Last Checked: Aug 7 at 3:26AM

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 WNY METRO ROBERTS REALTY

Investment Insights

Based on property information with market context.

This well-maintained triplex is situated on a rare double lot and has been owned and cared for by the same owner for more than 20 years. The property features a unit mix of one 3-bedroom, 1-bath apartment, one 1-bedroom, 1-bath apartment, and one studio apartment. Residents have access to a common coin-operated laundry area. Capital improvements already completed include a newer electrical service line, updated electrical panels and panel boxes, extensive rewiring, and updated copper plumbing.

The expansive double lot is currently used as off-street tenant parking, adding practical convenience and improving day-to-day functionality for residents.

For investors seeking a residential income property with a clear mix of apartment sizes and on-site shared laundry, this triplex offers an established residential setup and ownership history. The completed electrical and plumbing updates provide added reassurance for the next owner while the extra outdoor space supports everyday tenant needs through dedicated off-street parking. Showings begin at the open house on Thursday, June 18, from 5:00 PM to 7:00 PM.

Key Highlights

  • Well‑maintained triplex built in 1905 with unit mix of one 3BR/1BA, one 1BR/1BA, and one studio apartment.
  • Owned and cared for by the same owner for more than 20 years.
  • Shared common coin‑operated laundry area provides an additional income stream.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Spa & Massage Center Skin Care Clinic Gym & Fitness Center Bakery

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

266
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?
Triplex - Well-maintained triplex with unit mix of 3-bed, 1-bed, and studio apartments plus shared coin laundry and off-street parking.
Where is this triplex located?
The property is located at 31 Elkhart St Lackawanna, NY.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Well‑maintained triplex built in 1905 with unit mix of one 3BR/1BA, one 1BR/1BA, and one studio apartment.; Owned and cared for by the same owner for more than 20 years.; Shared common coin‑operated laundry area provides an additional income stream.
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