Solid three-unit investment property with good cash flows and plenty of upside! Located in the Village of Lancaster, this property is a great opportunity for an investor or handy owner-occupant looking to build equity and increase future income. The spacious upper apartment features three bedrooms, a formal dining area, and lots of living space. The updated lower apartment has one bedroom and an open living/kitchen area. The commercial space offers three suites, ideal for a small businesses. Three-phase electric provides additional business possibilities. Locate your business in one suite and rent the others or take it all, there are lots of options. Parking lot can accommodate up to 7 cars and just received a fresh coat of blacktop. Both apartments have new hot water tanks and the office space has a new furnace. Located on a high-visibility stretch of Broadway close to shopping, amenities and commuter routes. A great opportunity for a savvy investor! Also listed under ml# B1713629 as a commercial property.
Property Details
Price:
$349,900
MLS #:
B1711514
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
lancastervillage145203
Listed Date:
Sep 8, 2026
Finished Sq Ft:
5,046
Total Sq Ft:
5,046
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1890
Units:
3
See this Listing
Schools
School District:
Lancaster
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Laminate, Tile, Varies
Heating
Gas, Baseboard, Forced Air, Multiple Heating Units
Levels
Two
Exterior
Construction Materials
Brick, Wood Siding
Lot Features
Near Public Transit, Rectangular, Rectangular Lot
Parking Features
Common, Other, Paved, Parking Available, See Remarks, Two Or More Spaces
Roof
Architectural, Flat, Membrane, Rubber, Shingle
Stories
2
Financial
Taxes
$7,632
Map
Community
- Address5314 Broadway Street Lancaster NY
- CityLancaster
- CountyErie
- Zip Code14086
Subdivisions in Lancaster
- Autumn Park
- Autumnwood Sub
- Bellflower Village Condo
- Belltower Village Condo
- Belltower Village Condo A
- Blackstone Court
- Buffalo Crk Reservation
- Central Square Villas Con
- Cross Crk Sub
- Doe Haven Estates Ph 02
- Doe Haven Estates Ph I
- Fieldstream Estates
- Fieldstream/Forbes
- Fieldstream/Newport
- George Sub
- Glenridge Village Condo
- Glenridge Village Condo 0
- Hidden Mdw Sub-Ph 2
- Holland Land Co
- Holland Land Company’s Su
- Holland Land Companys
- Juniper Townhomes
- Lancaster
- Lancaster Terrace
- Palmer Heights Sub
- Palmer Hts Sub
- Pine Tree Farms
- Pinetree Farm
- Ridgecrest Condo
- Sandywood Circle
- Southpoint Div
- Town/Lancaster
- Village/Lancaster
Market Summary
Current real estate data for Multi Family in Lancaster as of Oct 26, 2026
14
Multi Family Listed
83
Avg DOM
127
Avg $ / SqFt
$281,457
Avg List Price
Property Summary
- 5314 Broadway Street Lancaster NY is a Multi Family for sale in Lancaster, NY, 14086. It is listed for $349,900 To schedule a showing of MLS#b1711514 at 5314 Broadway Street in Lancaster, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Perfect Place. 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. 5314 Broadway Street
Lancaster, NY