Multifamily Property in Ellicottville Center

8 Monroe St, Ellicottville, NY 14731

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For Sale

$400,000

Three-unit multifamily property in the heart of Ellicottville, New York.

Type:Multi Family

Lot size:

0.14 Acres

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Contact an agent

Gregory Straus

Real Estate License ID: NY 10491211091

HighLights

Prime commercial location in the heart of Ellicottville, offering high visibility and foot traffic.
Multifamily structure featuring a main house and two back apartments, providing multiple income streams or development options.
Redevelopment potential with commercial zoning allowing for diverse uses (subject to town approval).
Recently replaced roof, saving on immediate renovation costs.
Walkable to village amenities, including restaurants, shops, and nightlife.
Rare opportunity for unique investment potential in a desirable village location.

For Sale

$400,000

Three-unit multifamily property in the heart of Ellicottville, New York.

Type:Multi Family

Lot size:

0.14 Acres

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 4:14 pm

Property Features for 8 Monroe St

General Information

Standard status: Active
Lot size: 0.14 Acres
Property subtype: Multi Family

Building Details

Year Built: 1928

We can help!

Contact an agent

Gregory Straus

Listing office 716 Realty Group WNY LLC

Listing date Mar 10, 2026

Source Elliman

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 716 Realty Group WNY LLC

HighLights

Prime commercial location in the heart of Ellicottville, offering high visibility and foot traffic.
Multifamily structure featuring a main house and two back apartments, providing multiple income streams or development options.
Redevelopment potential with commercial zoning allowing for diverse uses (subject to town approval).
Recently replaced roof, saving on immediate renovation costs.
Walkable to village amenities, including restaurants, shops, and nightlife.
Rare opportunity for unique investment potential in a desirable village location.

Overview

Located in the center of Ellicottville, New York, this three-unit multifamily property features a main house and two back apartments. Situated directly across the street from City Garage and Villagio Italian Restaurant, and next to Monroe Liquor, EVL Winery, and Gin Mill, the property is within walking distance of the village's shops and amenities. Positioned within the commercial district, the property's zoning allows for a range of potential uses, including short-term rentals, retail, or mixed-use redevelopment, subject to town permissions and permits. The main front section of the property has been gutted to the studs, awaiting new electrical, plumbing, HVAC, and finishing touches. The roof has been recently replaced. This property offers an investment opportunity in Ellicottville.

Property Profile Location Intelligence

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Multifamily properties

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Local Demand

City: Ellicottville
County: Cattaraugus
State: New York
Longitude: -78.6716
Latitude: 42.2766

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What type of property is this?

Multifamily property - Three-unit multifamily property in the heart of Ellicottville, New York.

Where is this multifamily property located?

The property is located at 8 Monroe St Ellicottville, NY.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Prime commercial location in the heart of Ellicottville, offering high visibility and foot traffic.; Multifamily structure featuring a main house and two back apartments, providing multiple income streams or development options.; Redevelopment potential with commercial zoning allowing for diverse uses (subject to town approval).