John Fox

361 - 367 Lincroft Road, Lackawanna, NY 14218

$320,000
  • 361 - 367 Lincroft Road, Lackawanna, NY 14218 Main Photo

14 Photos

New to the Market Active
BEDS8 BATHS4 full SQUARE FEET4,950 MLS#B1726634
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBuffalo Crk Reservation SCHOOLLackawanna

Property Description

This is a four-unit rental property that's already up and running. Three units are rented out, with one vacancy for a possible owner occupant or rent it out for even more income. Each unit has 2 bedrooms and 1 bathroom, with its own entrance, its own basement, and its own driveway. Two of the four units were renovated between 2024 and 2026. It also has a large side yard that adds to the property's potential. The numbers: it brings in about $32,400 a year in rent, costs about $16,300 a year to run, leaving roughly $16,600 a year in profit. The tenants are all on month-to-month leases, so you have flexibility to adjust rents or make changes as units turn over. This solid, steady earning property, in a very convenient location, is great for income now and the potential for even more growth over time.

361 - 367 Lincroft Road | MLS# B1726634

This multi-family property located at 361 - 367 Lincroft Road, Lackawanna, NY 14218 is currently listed for sale with an asking price of $320,000. - 367 Lincroft Road is located within the Lackawanna school district. Search Lackawanna real estate on johnfox.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.22 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $7,808
Year Built: 1954

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Composite Siding
Flooring: Carpet, Hardwood, Laminate, Varies
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 72X140
Parcel#: 140900-142-120-0002-005-000
Parking: Paved
Parking Notes: Paved
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Lackawanna

Listed By / Shown By

Listing By

Agency Name: Howard Hanna WNY Inc
Agency Contact: 716-472-3533

Shown By

Agent Name: John Fox
Agent Phone: (716) 481-6464
Agency Title: MJ Peterson Real Estate

IDX logo

Estimate Your Payment

Estimated Payment

$ 1,456.18 per month $712.18 Principal & Interest $650.67 Property Tax $93.33 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder