Seller's Agent in 2023
Marcia Keller
Hunt Real Estate
(716) 440-8831
1 in this area
101 Total Sales
1398 Electric Ave Buffalo, NY 14218
--
Bed
--
Bath
3,900
Sq Ft
5,600
Sq Ft Lot 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 Corporation Brokerage Phone: 716-440-8831 License #10401212551 Listed on: 10/24/2022
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
- Awning
- 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
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
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Home Values in the Area
Average Home Value in this Area
Property History
| 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
| 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
-
Lynne Logan
Buyer's Agent in 2023
Lynne Logan
Howard Hanna
(716) 912-1465
3 in this area
183 Total Sales
-
Theresa Betz
Seller's Agent in 2014
Theresa Betz
Chubb-Aubrey Leonard Real Estate
(716) 912-6317
3 in this area
64 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
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