Julie Parke
HUNT Real Estate ERA
(716) 477-3547
36 Total Sales
2 in Lackawanna
$192,000 Price Range
1398 Electric Ave Buffalo, NY 14218
Lackawanna Area
--
Bed
--
Bath
3,900
Sq Ft
5,600
Sq Ft Lot
Highlights
- Deck
- Cathedral Ceiling
- Main Floor Bedroom
- Property is near public transit
- Wood Flooring
- Balcony
About This Home
As of January 2023BACK ON MARKET & priced below appraised value! Don’t miss out on this huge income opportunity by owning this 4 unit complex with detached garage w/ plenty of off street parking & green space! There are 2 lots included in sale: 1398 Electric (house) & 1396 Electric (side lot). Income approx $20k+/yr in current conditions! Many updates in ALL the units through the years including new roof, gutters & sewer line in 2021, renovated baths, furnace, various plumbing & fixtures! Very dry basement/laundry hookups/storage! Owner occupy or rent the huge upper unit (#3) which is a 2 story unit that includes 3 large bedrms, large loft area & bath w/oversized living room w/cathedral ceiling & access to porch & side deck, dining rm area, spacious kitchen, (potential rent could be over $700+). Ground level are 4 spacious 1bed/1bath units & offer full appliances (potential rents could be $500+). Unit #2 (occupied) was completely remodeled in 2016. Easy to show all vacant units (occupied unit 2 with appointment). Easy rental location & close to so many amenities!
Last Agent to Sell the Property
Listing by HUNT Real Estate ERA Brokerage Phone: 716-440-8831 License #10401212551 Listed on: 10/24/2022
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,343
Year Built
- Built in 1950
Lot Details
- 5,600 Sq Ft Lot
- Lot Dimensions are 35x160
- Partially Fenced Property
- Rectangular Lot
Parking
- 2 Car Garage
- Parking Available
Home Design
- Quadruplex
- Poured Concrete
- Wood Siding
- Shake Siding
- Vinyl Siding
- Copper Plumbing
- Cedar
Interior Spaces
- Main Floor Bedroom
- 3,900 Sq Ft Home
- 2-Story Property
- Woodwork
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Sliding Doors
- Storage
- Washer Hookup
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Balcony
- Deck
- Awning
Location
- Property is near public transit
Schools
- Lackawanna Middle School
- Lackawanna High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Wall Furnace
- Baseboard Heating
- PEX Plumbing
- Gas Water Heater
Community Details
- 4 Units
- 1 Separate Gas Meter
Listing and Financial Details
- Rent includes all utilities, electricity, heat, hot water, parking, water
- Tax Lot 47
- Assessor Parcel Number 140900-142-540-0004-047-000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 31, 2024
Sold by
Bought by
Purchase Details
Listed on
Oct 24, 2022
Closed on
Dec 28, 2022
Sold by
Bought by
Seller's Agent
Marcia Keller
HUNT Real Estate ERA
Buyer's Agent
Lynne Logan
Howard Hanna WNY Inc.
List Price
$194,000
Sold Price
$185,000
Premium/Discount to List
-$9,000
-4.64%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,140
Outstanding Balance
$172,909
Interest Rate
6.12%
Mortgage Type
FHA
Purchase Details
Listed on
May 29, 2014
Closed on
Aug 18, 2014
Sold by
Bought by
Seller's Agent
Theresa Betz
Chubb-Aubrey Leonard Real Estate
Buyer's Agent
Nicole Kmicinski
No Office Affiliation
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
Original Mortgage
$60,000
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 2014
Sold by
Bought by
Purchase Details
Closed on
May 19, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
5.47%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Buffalo, NY
-
Julie Parke
-
Joseph Sciandra
Joseph Sciandra
Red Door Real Estate WNY LLC
(716) 271-7606
131 Total Sales
6 in Lackawanna
$150K - $339K Price Range
-
Musa Alamari
Musa Alamari
Howard Hanna WNY Inc.
(716) 403-2842
152 Total Sales
40 in Lackawanna
$114K - $360K Price Range
-
Kristine Ward
Kristine Ward
WNY Metro Roberts Realty
(716) 671-3703
68 Total Sales
4 in Lackawanna
$180,000 Price Range
-
Nathan Marini
Nathan Marini
Responds QuicklyKeller Williams Realty Lancaster
(716) 576-3248
210 Total Sales
4 in Lackawanna
$230K - $290K Price Range
-
Christine Taylor
Christine Taylor
Howard Hanna WNY Inc.
(716) 271-5813
48 Total Sales
4 in Lackawanna
$195K - $226K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $185,000 | None Available | ||
| $75,000 | None Available | ||
| -- | None Available | ||
| $172,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $181,140 | ||
| Previous Owner | $60,000 | ||
| Previous Owner | $87,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2023 01/06/23 | Sold | $185,000 | -4.6% | $47 / Sq Ft | |
| 10/31/2022 10/31/22 | Pending | -- | -- | -- | |
| 10/24/2022 10/24/22 | For Sale | $194,000 | +158.7% | $50 / Sq Ft | |
| 08/19/2014 08/19/14 | Sold | $75,000 | -6.1% | $19 / Sq Ft | View Prior Sale |
| 06/02/2014 06/02/14 | Pending | -- | -- | -- | |
| 05/28/2014 05/28/14 | For Sale | $79,900 | -- | $20 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | $120,000 | $18,200 | $101,800 |
| 2024 | $6,319 | $120,000 | $18,200 | $101,800 |
| 2023 | $2,507 | $120,000 | $18,200 | $101,800 |
| 2022 | $2,900 | $120,000 | $18,200 | $101,800 |
| 2021 | $2,926 | $120,000 | $18,200 | $101,800 |
| 2020 | $1,269 | $120,000 | $18,200 | $101,800 |
| 2019 | $6,610 | $68,000 | $5,300 | $62,700 |
| 2018 | $3,192 | $68,000 | $5,300 | $62,700 |
| 2017 | $1,220 | $68,000 | $5,300 | $62,700 |
| 2016 | $3,398 | $68,000 | $5,300 | $62,700 |
| 2015 | -- | $57,000 | $5,300 | $51,700 |
| 2014 | -- | $57,000 | $5,300 | $51,700 |
Source: Public Records
Agents Affiliated with this Home
-
Marcia Keller
Seller's Agent in 2023
Marcia Keller
Hunt Real Estate
(716) 440-8831
94 Total Sales
-
Lynne Logan
Buyer's Agent in 2023
Lynne Logan
Howard Hanna
(716) 912-1465
177 Total Sales
-
Theresa Betz
Seller's Agent in 2014
Theresa Betz
Chubb-Aubrey Leonard Real Estate
(716) 912-6317
68 Total Sales
-
N
Buyer's Agent in 2014
Nicole Kmicinski
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1440721
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Nearby Homes
- 1403 Electric Ave
- 136 Colton Ave
- 1330 Electric Ave
- 109 Victory Ave
- 26 Date Ave
- 40 Edgewood Place Unit 44
- 15 Crescent Place
- 37 Nelson Place
- 189 Center St
- 25 Michael Place
- 15 Gravel Place
- 16 Victory Ave
- 192 Kirby Ave
- 85 Kirby Ave
- 15 Monroe St
- 503-505 Ridge Rd
- 31 Elkhart St
- 77 Stearns Ave
- 90 Warsaw St
- 26 Modern Ave
- 1386 Electric Ave Unit 1
- 1386 Electric Ave
- 1394 Electric Ave
- 1384 Electric Ave
- 1396 Electric Ave
- 1380 Electric Ave
- 1376 Electric Ave
- 157 Colton Ave
- 1372 Electric Ave
- 165 Colton Ave
- 147 Colton Ave Unit 153
- 1404 Electric Ave
- 1389 Electric Ave
- 1370 Electric Ave
- 171 Colton Ave
- 1381 Electric Ave
- 1399 Electric Ave
- 141 Colton Ave
- SL1-21 Martin Rd Sub-Div
- VL Ludel Terrace
Your Personal Tour Guide
Ask me questions while you tour the home.