Excellent opportunity to own a well-maintained 2-unit property at 1488 Electric Ave in the City of Lackawanna! This income-producing property features a spacious 3-bedroom, 1-bath lower unit and a 2-bedroom, 1-bath upper unit, both occupied by great tenants paying standard market rents. Tenants pay their own utilities, helping keep owner expenses low, while the owner covers the water bill. Major updates include a newer roof and hot water tank, both almost 3 years old. Additional features include a partially fenced yard, long driveway, detached garage, and a dry shared basement with separate laundry hookups for each tenant. Conveniently located near shopping, restaurants, parks, and thruway access, this is a fantastic opportunity for both seasoned investors and owner-occupants looking to offset their mortgage with rental income!
Property Details
Price:
$215,000
MLS #:
B1684892
Status:
Active
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Buffalo Crk Reservation
Neighborhood:
lackawannacity140900
Listed Date:
May 27, 2026
Finished Sq Ft:
1,985
Total Sq Ft:
1,985
Lot Size:
5,600 sqft / 0.13 acres (approx)
Year Built:
1960
Units:
2
See this Listing
Schools
School District:
Lackawanna
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Hardwood, Tile, Varies
Heating
Gas, Baseboard, Forced Air
Exterior
Architectural Style
Duplex
Construction Materials
Brick
Exterior Features
Fence
Fencing
Partial
Garage Spaces
2
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
Concrete, Garage, Two Or More Spaces
Patio And Porch Features
Open, Porch
Financial
Taxes
$5,347
Map
Community
- Address1488 Electric Avenue Lackawanna NY
- SubdivisionBuffalo Crk Reservation
- CityLackawanna
- CountyErie
- Zip Code14218
Subdivisions in Lackawanna
Market Summary
Current real estate data for Multi Family in Lackawanna as of Jun 07, 2026
17
Multi Family Listed
110
Avg DOM
94
Avg $ / SqFt
$269,288
Avg List Price
Property Summary
- Located in the Buffalo Crk Reservation subdivision, 1488 Electric Avenue Lackawanna NY is a Multi Family for sale in Lackawanna, NY, 14218. It is listed for $215,000 To schedule a showing of MLS#b1684892 at 1488 Electric Avenue in Lackawanna, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of WNY Metro Roberts Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 1488 Electric Avenue
Lackawanna, NY



