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Central Ave. to Newell in Village of Lancaster


Add 38-40 Newell to Your Portfolio! 2 BUILDINGS - 4 Units, Two Adjoined Lots - Nearly a Quarter Acre in the Village of Lancaster. Both Structures Newly Painted (Spring 2017) on a Quiet Neighborhood Street.#38 was Once a Business and May Still Allow for Restricted Business Activities. #38 was built in 1955 and # 40 in 1910. Great Back Yard with No Rear Neighbors. Monthly Rents $2,900. Really Nice Tenants - Currently Professionally Managed. #38 has Two Units at 2/1; #40 has Two Units at 3/1. At approx. $34,000/Year in Rents, This Unique Property Pays for Itself in 5 Years! Listed Assessment and Taxes are for Both Buildings Combined. What a Great Opportunity!

38-40 Newell Avenue 4
Lancaster, NY 14086
  • Multi-Family Home
  • Price: $159,900
  • Status: Contingent
  • Square Feet: 4,284
  • Taxes: $7,262
  • # Stories: 2
  • Year Built: 1955
  • Garage Size: 1
  • MLS Number: B1064380


  • Elementary school: Hillview Elementary
  • Middle school: Lancaster Middle
  • High school: Lancaster High
  • School district: Lancaster
  • Ceiling fan(s)
  • Electric heat
  • Baseboard heat
  • Natural gas heat
  • Garage spaces: 1.0000
  • Brick exterior
  • Lot acreage is: 0.2200
  • Lot size: 74x130
  • Carpet
  • Wall to wall carpeting
  • Laminate flooring
  • Full basement
  • Slab basement
  • Public water
  • Total square feet: 4284

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Listed By:

Lisa Marie Allen

Lisa Marie Allen

Licensed Real Estate Salesperson

Office: Hamburg Office

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