Estimated payment $1,689/month
Highlights
- 0.38 Acre Lot
- Baseboard Heating
- Carpet
- Zoned Heating and Cooling
About This Home
Welcome to 368 Olmstead Ave, Depew, NY! Great opportunity to own a well-maintained two-unit property offering flexibility for both owner-occupants and investors. The upper unit features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month, providing immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is vacant, making it perfect for an owner-occupant or for setting your own rental terms. The property has seen several updates throughout, including newer carpeting and a recently renovated bathroom, enhancing comfort and appeal as well as other improvements designed to reduce maintenance. With one unit already generating income and the other move-in ready, this property presents a solid opportunity to offset expenses or expand your investment portfolio. The property features ample parking and a spacious backyard. Conveniently located near the Village of Lancaster, Reinstein Woods Nature Preserve, Como Lake Park, and just 20 minutes from downtown Buffalo. A turnkey investment in a desirable, accessible area.
Listing Agent
Listing by Howard Hanna WNY Inc. Brokerage Phone: 716-353-0258 License #10401343142 Listed on: 12/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,653
Year Built
- Built in 1855
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 60x278
- Irregular Lot
Home Design
- Aluminum Siding
Interior Spaces
- 1,364 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Zoned Heating and Cooling
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 145201-104-240-0004-031-000
Community Details
Overview
- 2 Units
- Holland Company's Surv Subdivision
Building Details
- 2 Separate Gas Meters
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 |
|---|---|---|---|---|
| 2024 | $4,509 | $106,000 | $31,600 | $74,400 |
| 2023 | $4,504 | $106,000 | $31,600 | $74,400 |
| 2022 | $4,158 | $106,000 | $31,600 | $74,400 |
| 2021 | $2,943 | $106,000 | $31,600 | $74,400 |
| 2020 | $4,309 | $106,000 | $31,600 | $74,400 |
| 2019 | $2,156 | $79,500 | $14,400 | $65,100 |
| 2018 | $3,468 | $79,500 | $14,400 | $65,100 |
| 2017 | $1,031 | $79,500 | $14,400 | $65,100 |
| 2016 | $3,276 | $79,500 | $14,400 | $65,100 |
| 2015 | -- | $79,500 | $14,400 | $65,100 |
| 2014 | -- | $79,500 | $14,400 | $65,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $249,000 | +15.8% | $183 / Sq Ft | |
| 12/08/2023 12/08/23 | Sold | $215,000 | -10.4% | $158 / Sq Ft | View Prior Sale |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- | |
| 09/21/2023 09/21/23 | For Sale | $239,900 | -- | $176 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $215,000 | None Available | |
| Warranty Deed | $84,500 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,196 | FHA | |
| Previous Owner | $84,043 | FHA |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1654477
APN: 145201-104-240-0004-031-000
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