Lancaster, NY Residential Income Properties for Sale

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Updated: Mar 11

Corner Mixed-Use Retail and Apartments

5476 Broadway Street, Lancaster, NY 14086

$649,000

9,856 sqft · 0.22 AC lot

Mixed‑use property on a corner lot with two buildings, featuring retail storefronts and apartments
Front building includes two retail storefronts (~1,000 SF each) plus 4 second‑floor apartments (two 1‑bed and two 2‑bed)
Potential to convert the front building’s third floor back into 2 additional rental units
Rear building offers 3 apartments (one 1‑bed and two 2‑bed) with garage parking
Adjacent rear lot at 9 School St adds an extra ~7,000 SF of lot size that can be converted into additional parking

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Updated: May 27

Prime Corner Commercial Opportunity

4734 Transit Road, Depew, NY 14043

$749,900

2,877 sqft · 0.36 AC lot

Prime corner location at Transit Rd & French Rd with high visibility and traffic.
Versatile property suitable for retail, office, or mixed‑use development.
Upper level one‑bedroom apartment provides owner occupancy or rental income potential.
Functional main level layout with showroom, private showroom, office, and work area.
Ample parking and a detached 2‑car garage.

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Two-Unit Residential Income Duplex

25 Cotton Street, Lancaster, NY 14086

$349,900

2,150 sqft · 0.30 AC lot

Well-maintained two-family home with two 2-bedroom units, private outdoor space, and a two-car garage plus bonus basement.

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Upgraded Duplex with Covered Decks

1712 Como Park Boulevard, Depew, NY 14043

$479,900

2,268 sqft · 0.32 AC lot

Renovated duplex offers two covered private decks and multiple interior and exterior upgrades for comfortable, low-maintenance living.

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Lancaster Duplex: Turnkey Investment Gem

372 Aurora Street, Lancaster, NY 14086

$289,900

1,852 sqft · 0.25 AC lot

Well-maintained Lancaster duplex, ideal for investment or owner-occupancy.

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Updated Duplex with Two Driveways

262 River Street, Depew, NY 14043

$292,500

1,868 sqft · 0.11 AC lot

Well-maintained duplex with central A/C, remodeled bathroom, newer roofing, and two driveways for convenient parking.

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Well-Maintained Multi-Family Property in Depew

99 S Prince Drive, Depew, NY 14043

$389,900

2,800 sqft · 0.17 AC lot

Impeccably maintained multi-family property with tenant-occupied upper unit.

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Two-Unit Duplex on Double Lot

222 Helen Street, Cheektowaga, NY 14206

$135,000

1,360 sqft · 0.17 AC lot

Duplex with two separate 1-bedroom and 2-bedroom units, fenced yard, and garage on a double lot.

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Updated Duplex in Lancaster Village

5302 Broadway Street, Lancaster, NY 14086

$329,900

1,960 sqft · 0.16 AC lot

Charming, updated 2-unit property in the heart of Lancaster.

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Side-by-Side Duplex Property

62 Patricia Lane, Cheektowaga, NY 14227

$235,000

1,716 sqft · 0.12 AC lot

Two side-by-side units with private basements, fenced yard, and garage in Cheektowaga, NY—tenant occupied month-to-month.

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Depew Two-Unit Income Property

233 Olmstead Avenue, Depew, NY 14043

$154,900

1,456 sqft · 0.08 AC lot

Two-unit property in Depew, NY with investment or owner-occupancy potential.

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Renovated Two-Unit Building

17 Saint Marys Street, Lancaster, NY 14086

$224,899

1,072 sqft · 0.10 AC lot

Completely renovated two-unit building near West Main Street.

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Corner Mixed-Use Retail and Apartments

5476 Broadway St, Lancaster, NY 14086

$649,000

9,856 sqft

Mixed-use corner property with retail storefronts and multiple apartments, supported by separate utilities and on-site parking.

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Two Homes on One Lot

88 Woodell Avenue, Cheektowaga, NY 14211

$299,900

2,183 sqft · 0.07 AC lot

Two renovated homes on one lot, ideal for multi-generational living.

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Upgraded Duplex with Private Decks

1712 Como Park Blvd, Lancaster, NY 14043

$479,900

Well-maintained duplex with extensive updates, widened parking, and two covered private decks.

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Updated Side-by-Side Duplex

86 Patsy Ln, Cheektowaga, NY 14043

$350,000

Clean, updated side-by-side duplex with separate driveways, fenced yards, and dedicated basements for tenant privacy.

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Duplex Income Property with Garage Loft

269 Broezel Ave, Lancaster, NY 14086

$469,900

Two-bedroom main home plus a separate two-bedroom apartment, complemented by a heated and cooled garage with loft.

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Well-Maintained Duplex with Updates

99 S Prince Dr, Cheektowaga, NY 14043

$389,900

Impeccably maintained duplex with updated features and tenant-occupied upper unit.

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Updated Duplex in Depew Schools

262 River St, Cheektowaga, NY 14043

$292,500

1,868 sqft

Well-maintained duplex with updates, ideal for owner-occupants or investors.

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Well-Maintained Duplex in Quiet Neighborhood

85 S Ellington Ave, Cheektowaga, NY 14043

$289,900

Updated duplex near Transit Road with fenced yard and ample parking.

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Four-Unit Residential Income Property

2388 William St, Cheektowaga, NY 14206

$250,000

Fully rented four-unit building with tenant parking and coin laundry, roof tear-off completed in 2019.

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Spacious Depew Multifamily Investment

1 Wendel St, Lancaster, NY 14043

$285,000

Multifamily property with income potential in a desirable location.

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Two-Unit Income Property with Garage

233 Olmstead Avenue, Lancaster, NY 14043

$154,900

1,456 sqft

Two-unit property in Depew school district with new roof.

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Sloan Village Triplex on Double Lot

240 Lackawanna Ave, Cheektowaga, NY 14212

$259,900

Three-unit residential property with updated units and ample storage.

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Lancaster, NY Residential Income Properties Market Trends and Statistics

Explore 32 residential income properties for sale in Lancaster, NY, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 49,186 square feet of properties for sale, with an estimated market value of $6,563,399.

Sale prices for residential income properties in Lancaster, NY start at $135,000, averaging $364,633, and reaching up to $749,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 36K

Population Growth (5Y) +9.2%

Median Household Income $95,949

College Educated 56.5%

High-Yield Neighborhoods for Investment

Identify Lancaster submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Depew	$300.9K
Lancaster	$432.1K

Taxes & Financing

Tax Rate (average for all types) 5.96%

Tax Rate vs County Average 1.45 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Erie County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Erie County

Residential Income

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