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About This Home

This 6-bedroom, 4-bathroom residential multi family at 182 Lancaster Avenue in Buffalo, NY is listed for $685,000 ($151 per sqft). Built in 1900, the home offers 4,549 sqft of living space on a 0.11 acres lot.

Agent Description

Welcome to 182 Lancaster Avenue - a rare opportunity to own a four-unit property in the heart of Elmwood Village. Set within a classic Queen Anne-style residence, this home showcases timeless architectural character paired with strong income potential, just steps from one of Buffalo's most sought-after and walkable neighborhoods.

An oversized front porch enhances the curb appeal - the perfect setting to relax on summer days and enjoy the energy of Elmwood Avenue. This well-maintained multi-family features two spacious 2-bedroom apartments and two 1-bedroom apartments, a highly desirable and flexible unit mix with strong rental demand.

The first-floor unit is currently vacant and has been updated with a brand-new kitchen, making it ideal for an owner-occupant or for immediate market-rate leasing. Additional updates include a newer boiler (2021), exterior paint (2023), shared basement laundry, and off-street parking for all tenants - a rare and valuable convenience in this prime location.

All mechanicals are serviced yearly, providing added peace of mind and consistent performance. The property delivers solid income potential with meaningful upside for future appreciation in a consistently strong rental market. Located just steps from Elmwood Avenues vibrant shops, cafes, restaurants, parks, nightlife, and cultural attractions, this property provides unmatched walkability and lifestyle appeal.

Whether you're seeking to live in one unit while tenants help offset expenses or add a strong, stable asset to your portfolio, 182 Lancaster Avenue delivers location, flexibility, and long-term value in one exceptional package.

Key Features

  • Built in 1900
  • 0.11 acre lot
  • 3 stories
  • Fireplace

Property Details

3 stories
4 full
1900

Amenities

FireplaceHardwood

Monthly Cost Estimate

$3,664/mo

20% down · 6.5% · 30 years

Principal$495
Interest$2,968
Insurance$200

Estimates only. Actual payments may vary.

Location

182 Lancaster Avenue

Buffalo, NY 14222

Features & Amenities

Interior Features

CeilingFansEntranceFoyerStorageSkylightsNaturalWoodworkWindowTreatments

Property Details

Flooring

CarpetTileHardwoodVariesVinyl

Construction

WoodSiding CopperPlumbing

Pool Features

Porch

Heating

SteamNatural Gas

Appliances

GasWaterHeater

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 182 Lancaster Avenue is listed at $685,000 ($151/sqft). The estimated monthly payment is $2,968 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.11 acre lot, 3 stories, Fireplace. Interior Features: CeilingFans, EntranceFoyer, Storage.

This property is listed by Karina Stachowiak and can be reached at 7169084212 or karinastachowiak@kw.com.

KS

Karina Stachowiak

Agent at Keller Williams Realty WNY

(716) 908-4212

Listed by Keller Williams Realty WNY · View on Broker Site

MLS# B1676162· Source: listhub· Updated 14 days ago

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

182 Lancaster Avenue, Buffalo, NY 14222

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