Four-Unit Income
For Sale
$269,000
Pending
63 Winstead Rd 57, Lackawanna, NY 14218
Four apartments each offer a private entrance, with three currently tenant-occupied and one renovated three-bedroom unit.
Property Size5,139 SF
Days on Market73
Property Features for 63 Winstead Rd 57
General Information
Standard status
Pending
Size
5,139 SF
Property subtype
Multi Family
Occupancy
75%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,952
Building Details
Building Size
5,139 SF
Year Built
1943
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
WNY METRO ROBERTS REALTY
Listed By:
Alan Miller · License #10401326370
(716) 880-6723
Source:
Elliman
Added: Jul 3
Changed: Aug 16
Last Checked: Sep 12 at 8:16AM
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 four-unit income property includes four separate apartments, each with its own private entrance, basement access, and dedicated off-street parking spaces. The layout consists of three two-bedroom units and one spacious three-bedroom unit. Three of the apartments are currently occupied by long-term tenants who wish to remain.
The vacant three-bedroom apartment has been remodeled with updated finishes, including new white shaker cabinetry, updated countertops, modern lighting fixtures, and vinyl flooring, along with freshly painted walls and refinished woodwork. On the property side, improvements include a newly installed sump pump in the basement and new exterior drainage tile. The exterior is clad in maintenance-free siding, and the roof is approximately 15 years old.
Rental income is currently reported as $2,450 per month, with additional potential after the renovated three-bedroom unit is leased.
The vacant three-bedroom apartment has been remodeled with updated finishes, including new white shaker cabinetry, updated countertops, modern lighting fixtures, and vinyl flooring, along with freshly painted walls and refinished woodwork. On the property side, improvements include a newly installed sump pump in the basement and new exterior drainage tile. The exterior is clad in maintenance-free siding, and the roof is approximately 15 years old.
Rental income is currently reported as $2,450 per month, with additional potential after the renovated three-bedroom unit is leased.
Key Highlights
- Four separate apartments at 63 Winstead Road, each with its own private entrance plus basement access and dedicated off‑street parking.
- Unit mix includes three 2‑bedroom apartments and one spacious remodeled 3‑bedroom apartment.
- Three apartments are currently occupied by long‑term tenants who want to remain, supporting steady rental income.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
363
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments each offer a private entrance, with three currently tenant-occupied and one renovated three-bedroom unit.
Where is this quadplex located?
The property is located at 63 Winstead Rd 57 Lackawanna, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Four separate apartments at 63 Winstead Road, each with its own private entrance plus basement access and dedicated off‑street parking.; Unit mix includes three 2‑bedroom apartments and one spacious remodeled 3‑bedroom apartment.; Three apartments are currently occupied by long‑term tenants who want to remain, supporting steady rental income.
