124 Lake Avenue Hamburg, NY $ 255,000
124 Lake Avenue
$ 255,000
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124 Lake Avenue

Hamburg, NY, 14219
$ 255,000
Bedrooms5 Baths5.0 Sq 5,502

Monthly Estimate*

$ 1,761

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Multi-Family Home for sale in Hamburg, NY

for $255,000 with 5 bedrooms and 5 full baths. This 5,502 square foot home was built in 1909 on a lot size of 0.132.

**FIVE-UNIT INVESTMENT OPPORTUNITY IN THE VILLAGE OF BLASDELL!** Whether you're looking to make your first real estate investment or add another income-producing property to your portfolio, 124 Lake Avenue offers an exciting opportunity to get started or continue growing! This substantial multifamily property features approximately 5,502 square feet with a versatile mix of three 1-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments. Each apartment offers its own kitchen, bathroom, and living space, while the building features a combination of original woodwork, architectural character, and various interior finishes. With opportunities for cosmetic updates and improvements throughout, buyers have the flexibility to make upgrades over time while exploring the property's long-term rental potential. For those entering the investment market, this five-unit property offers an opportunity to establish a rental portfolio with multiple units under one roof. Seasoned investors will appreciate the unit count, value-add potential, and opportunity to evaluate future rental income growth. Conveniently situated in the Village of Blasdell, near local restaurants, shopping, and major roadways, the property offers accessibility to the surrounding Southtowns and Buffalo area. Whether you're ready to purchase your first investment property or expand an established portfolio, **124 Lake Avenue offers the space, flexibility, and opportunity to take that next step!**

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Multi-Family Active

Price

$ 255,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 5,011

Style

Lot Size

0.132

Year Built

1909

Town/City

Hamburg

County/Region

Erie

MLS | Web ID

B1721801

Features
General
Sewer Connected
Heating Gas Radiant
Utilities ElectricityConnected SewerConnected WaterConnected
Possession Closing RentalAgreement
Roof Asphalt
Appliances AppliancesNegotiable GasCooktop GasWaterHeater Refrigerator
Garage Spaces 0.0
Construction Materials Brick WoodSiding
School District Frontier
Year Built 1909
Stories Count 2
Township Blasdell-Village
Levels Two
Property Subtype Other
Gross Income 25000.0
Community Features None
County Erie
Property Type MultiFamily
Subdivision Name Buffalo Crk Reservation
Garage Y/N No
Rent Includes CommonAreaMaintenance SnowRemoval TrashCollection Water
Status Active
City Hamburg
Senior Community Y/N No
High School District Frontier
Number Of Units Total 5
MLS Area Blasdell-Village-144801
Lot Size Units Acres
Lot Size Square Feet 5750.0
Year Built Details Existing
Tax Annual Amount 5011.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Frontier
Elementary School District Frontier
Tax Assessed Value 68200
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 7
Property Sub Type Additional Other
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Interior
Basement Full
Flooring Hardwood Tile Varies Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features None Driveway NoGarage
Lot Features Rectangular RectangularLot
Water Source Connected Public
Lot Size Area 0.132
Building Area Total 5502.0
Lot Dimensions 50X115
Lot Size Acres 0.132
Waterfront Y/N No
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 124
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* Excluded Features
List By
Gurney Becker & Bourne

Broker

(716) 392-0844

Phone

Affordability Calculator

$2,179
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,761
Monthly Property Taxes
$418
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
246837 Elementary School
247374 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/12/2026$255,000 Listed Price

Map


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124 Lake Avenue, Hamburg, NY, 14219 is a Multi-Family Home for sale at $255,000 with 5,502 sqft and a lot size of 0.132. 124 Lake Avenue has 5 bedrooms, 5.0 baths, and was built in 1909. The property's zip code is 14219 which is in Hamburg, NY