Estimated payment $3,513/month
Highlights
- Corner Lot
- Woodwork
- Forced Air Heating System
- Porch
- Open Patio
- Laundry Facilities
About This Home
Welcome to 101 Main Street in the heart of Lancaster, NY—an exceptional investment opportunity offering both strong income potential and a prime location. Situated on a desirable corner lot, this well-positioned 7-unit property features ample off-street parking and a diverse unit mix, including five one-bedroom apartments, one three-bedroom unit, and one studio apartment. Currently generating $6,250 in monthly rental income, this property presents immediate cash flow with room for future upside. Key updates include newer furnaces and hot water tanks, along with some updated windows, helping to reduce maintenance concerns. Perfectly located just steps from local shops, restaurants, and community amenities, tenants will appreciate the convenience and charm of village living. With easy access to major routes, commuting is simple and efficient. Being sold as-is, this is a fantastic opportunity for investors looking to expand their portfolio in a high-demand area. Don’t miss your chance to own a solid income-producing property in a sought-after location—schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,398
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 35x125
- Corner Lot
- Rectangular Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 6 Bedrooms
- 9,439 Sq Ft Home
- 3-Story Property
- Woodwork
- Basement Fills Entire Space Under The House
Flooring
- Laminate
- Vinyl
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Open Patio
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 6 Units
- Laundry Facilities
- 4 Separate Gas Meters
Listing and Financial Details
- Tax Lot 39
- Assessor Parcel Number 145201-104-560-0001-039-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,567 | $170,000 | $7,000 | $163,000 |
| 2024 | $7,567 | $170,000 | $7,000 | $163,000 |
| 2023 | $7,398 | $170,000 | $7,000 | $163,000 |
| 2022 | $6,974 | $170,000 | $7,000 | $163,000 |
| 2021 | $4,882 | $170,000 | $7,000 | $163,000 |
| 2020 | $6,366 | $170,000 | $7,000 | $163,000 |
| 2019 | $7,965 | $98,000 | $10,700 | $87,300 |
| 2018 | $5,534 | $98,000 | $10,700 | $87,300 |
| 2017 | $7,965 | $98,000 | $10,700 | $87,300 |
| 2016 | $9,612 | $98,000 | $10,700 | $87,300 |
| 2015 | -- | $98,000 | $10,700 | $87,300 |
| 2014 | -- | $98,000 | $10,700 | $87,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $550,000 | +414.0% | $58 / Sq Ft | |
| 02/28/2017 02/28/17 | Sold | $107,000 | -10.8% | $11 / Sq Ft | View Prior Sale |
| 01/11/2017 01/11/17 | Pending | -- | -- | -- | |
| 12/08/2016 12/08/16 | For Sale | $119,900 | -- | $13 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1677236
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