1488 Electric Avenue Lackawanna, NY $ 215,000
1488 Electric Avenue
$ 215,000
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1488 Electric Avenue

Lackawanna, NY, 14218
$ 215,000
Bedrooms5 Baths2.0 Sq 1,985

Monthly Estimate*

$ 1,324

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Multi-Family Home for sale in Lackawanna, NY

for $215,000 with 5 bedrooms and 2 full baths. This 1,985 square foot home was built in 1960 on a lot size of 0.1286.

Excellent opportunity to own a well-maintained 2-unit property at 1488 Electric Ave in the City of Lackawanna! This income-producing property features a spacious 3-bedroom, 1-bath lower unit and a 2-bedroom, 1-bath upper unit, both occupied by great tenants paying standard market rents. Tenants pay their own utilities, helping keep owner expenses low, while the owner covers the water bill. Major updates include a newer roof and hot water tank, both almost 3 years old. Additional features include a partially fenced yard, long driveway, detached garage, and a dry shared basement with separate laundry hookups for each tenant. Conveniently located near shopping, restaurants, parks, and thruway access, this is a fantastic opportunity for both seasoned investors and owner-occupants looking to offset their mortgage with rental income!

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Multi-Family Active

Price

$ 215,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,347

Style

Duplex

Lot Size

0.1286

Year Built

1960

Town/City

Lackawanna

County/Region

Erie

MLS | Web ID

B1684892

Features
General
Sewer Connected
Heating Gas Baseboard ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 2.0
Patio/Porch Features Open Porch
Architectural Style Duplex
Construction Materials Brick
School District Lackawanna
Year Built 1960
Township Not Applicable
Property Subtype MultiFamily
County Erie
Property Type Residential
Subdivision Name Buffalo Crk Reservation
Garage Y/N Yes
Rent Includes Water
Full Baths 2
Status Active
City Lackawanna
Senior Community Y/N No
High School District Lackawanna
Number Of Units Total 2
MLS Area Lackawanna-City-140900
Lot Size Units Acres
Lot Size Square Feet 5600.0
Year Built Details Existing
Tax Annual Amount 5347.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Lackawanna
Elementary School District Lackawanna
Tax Assessed Value 110000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 22
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Interior
Basement Partial
Flooring Carpet Hardwood Tile Varies
Total Fireplaces 0
Total Stories 1
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 2
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Exterior
Exterior Amenities Fence
Fencing Partial
Parking Features Concrete Garage TwoOrMoreSpaces
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.1286
Building Area Total 1985.0
Lot Dimensions 35X160
Lot Size Acres 0.1286
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
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Internal Only
Street Number 1 1488
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* Excluded Features
List By
Wny Metro Roberts Realty

Broker

(716) 574-8998

Phone

Affordability Calculator

$1,769
Per Month
75%
25%
0%
Monthly Principal & Interest
$1,324
Monthly Property Taxes
$446
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3040635 Elementary School
3040931 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$215,000 Listed Price

Map


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1488 Electric Avenue, Lackawanna, NY, 14218 is a Multi-Family Home for sale at $215,000 with 1,985 sqft and a lot size of 0.1286. 1488 Electric Avenue has 5 bedrooms, 2.0 baths, and was built in 1960. The property's zip code is 14218 which is in Lackawanna, NY