$1,398,000
$599K PRICE INCREASE

18-22,128 Maple Grove & Colton Ave Ave Lackawanna, NY 14218

Estimated payment $9,404/month

Total Views 4,587
28 Beds
14 Baths
16,823 Sq Ft
$83 Price per Sq Ft

Highlights

  • 0.7 Acre Lot
  • Laundry Facilities
  • Heating System Uses Gas
  • Wood Flooring
  • Rectangular Lot

About This Home

Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 14 unit combined in Lackawanna, NY! Gross income of $159,180 per year with plenty of upside to increase rents. Each unit is nearly identical with 2 large bedrooms, 1 full bath with ceramic, a kitchenette, large living space and hardwood floors throughout. Tenants pay separate electric; Gas/Water included in rent. Solid poured foundation with full basement and large parking lot in rear for tenant convenience. Good working mechanicals (2 boilers 2021), circuit breakers separately metered. Coin Laundry in basement and each tenant has their own storage unit for added convenience. Property Manager is open to staying on for new owner. Waiting list of tenants so vacancy remains low! Offers will be presented as they are received.

Listing Agent

Nick Corto

Listing by HUNT Real Estate Corporation Brokerage Phone: 716-864-1929 License #10401244740 Listed on: 08/05/2025

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,551

Year Built

  • Built in 1970

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 165x380
  • Rectangular Lot
  • 140900-142-460-0004-019-110

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Copper Plumbing

Interior Spaces

  • 16,823 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 14 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 140900-142-460-0010-001-100

Community Details

Overview

  • 4 Units
  • Buffalo Crk Reservation Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $20,111
  • Gross Income $90,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,551

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Heat, Hot Water, Snow Removal, Trash Collection, Water
  • Year Built: 1970
  • Attribution Contact: 716-864-1929
  • ResoLaundryFeatures: Common Area
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Buffalo Crk Reservation
  • Directions: South Park Ave to Maple Grove Ave
  • Architectural Style: Other, See Remarks
  • Flooring: Ceramic Tile, Hardwood, Varies
  • Interior Features: Storage
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 14
  • Total Bedrooms: 28
  • Stories: 4
  • Stories: 4

Exterior Features

  • Acres: 0.6976
  • Waterfront: No
  • Construction Type: Brick, Other, Copper Plumbing
  • Foundation Details: Poured

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Gas, Radiant
  • HeatingYN: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lackawanna

Lot Info

  • Parcel Number: 140900-142-460-0010-001-100
  • Lot Dimensions: 165X380
  • Lot Size Sq Ft: 30387.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 140900-142-460-0004-019-110

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 14
  • Annual Gross Income: 90900.0
  • Annual Operating Expense: 20111.0
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 23551.0
  • Tax Lot: 20

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 Price Changed $1,398,000 +75.0% $83 / Sq Ft
09/24/2025 09/24/25 For Sale $799,000 0.0% $47 / Sq Ft
09/03/2025 09/03/25 Pending -- -- --
08/05/2025 08/05/25 For Sale $799,000 -- $47 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1627688

Western New York Real Estate Information Services (WNYREIS)
New York Erie County Lackawanna 14218

18-22,128 Maple Grove & Colton Ave Ave, Lackawanna, NY

This home is located at 18-22,128 Maple Grove & Colton Ave Ave, Lackawanna, NY 14218 and is currently priced at $1,398,000, approximately $83 per square foot. This property was built in 1970. 18-22,128 Maple Grove & Colton Ave Ave is a home located in Erie County with nearby schools including Truman Elementary School, Martin Road Elementary School, and Lackawanna Middle School.

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Western New York Real Estate Information Services (WNYREIS) 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.
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Nick Corto
Listing Agent
Nick Corto
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HUNT Real Estate Corporation
(716) 671-4419