38-40 Lambert Ave Fredonia, NY 14063
Fredonia AreaEstimated payment $1,591/month
Highlights
- Patio
- Ceiling Fan
- Rectangular Lot
- Forced Air Heating System
- Baseboard Heating
- Carpet
About This Home
Exceptional turnkey investment opportunity in the heart of Fredonia! Perfectly positioned at 38 Lambert Ave, this fully furnished three-unit property is located less than a five-minute drive from SUNY Fredonia, making it an ideal addition to any investor's portfolio. With strong rental demand driven by the nearby university, this property offers outstanding income potential from day one. The building features a spacious mix of units, including a 4-bedroom, 1.5-bath, 3-bedroom, 1-bath, and 1-bedroom, 1-bath apartment, providing flexibility to attract a variety of tenants. The 3-bedroom unit is already generating $2,000 per month in rental income, while the remaining units offer excellent opportunity for additional cash flow. The 4 bedroom unit currently has 3 bedrooms rented out, and the 4th will be rented soon. Each apartment is separately metered for gas and electric, allowing tenants to pay their own utilities and helping reduce owner expenses. Best of all, this is a truly turnkey investment-all furniture, furnishings, and contents are included in the sale, allowing the next owner to step in and begin operating immediately.
Whether you're looking to expand your investment portfolio, capitalize on the consistent student rental market, or own a low-maintenance income-producing property in a prime location, 38 Lambert Ave checks all the boxes. Don't miss this rare opportunity to own a fully equipped multi-family property just minutes from campus, downtown Fredonia, restaurants, shopping, and local amenities. $5K+ IN POTENTIAL GROSS RENTAL INCOME!! Showings begin immediately, offers will be reviewed as they are received.
Listing Agent
Listing by Century 21 North East License #10401363073 Listed on: 07/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,277
Year Built
- Built in 1872
Lot Details
- 20,862 Sq Ft Lot
- Lot Dimensions are 114x183
- Rectangular Lot
Home Design
- Triplex
- Brick Exterior Construction
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 2,312 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
Parking
- 2 Parking Spaces
- Parking Available
- Gravel Driveway
Outdoor Features
- Patio
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Wall Furnace
- Baseboard Heating
- Gas Water Heater
Community Details
- 3 Units
- 3 Separate Gas Meters
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number 065801-113-015-0001-013-000
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,231 | $21,180 | $3,140 | $18,040 |
| 2024 | $5,231 | $21,180 | $3,140 | $18,040 |
| 2023 | $4,652 | $21,180 | $3,140 | $18,040 |
| 2022 | $4,585 | $21,180 | $3,140 | $18,040 |
| 2021 | $4,559 | $21,180 | $3,140 | $18,040 |
| 2020 | $4,485 | $21,180 | $3,140 | $18,040 |
| 2019 | $4,453 | $21,180 | $3,140 | $18,040 |
| 2018 | $4,453 | $21,180 | $3,140 | $18,040 |
| 2017 | $4,385 | $21,180 | $3,140 | $18,040 |
| 2016 | $4,341 | $21,180 | $3,140 | $18,040 |
| 2015 | -- | $21,180 | $3,140 | $18,040 |
| 2014 | -- | $21,180 | $3,140 | $18,040 |
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 |
|---|---|---|---|---|
| 08/06/2026 08/06/26 | Price Changed | $209,900 | -4.5% | $91 / Sq Ft |
| 08/03/2026 08/03/26 | Price Changed | $219,900 | -2.2% | $95 / Sq Ft |
| 07/16/2026 07/16/26 | For Sale | $224,900 | -- | $97 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,900 | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $30,000 | Purchase Money Mortgage |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1698996
APN: 065801-113-015-0001-013-000
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