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Property at 1488 Electric Avenue, Lackawanna, NY 14218
ACTIVE
0
$215,000

1488 Electric AvenueLackawanna, NY, 14218

5 Beds2 Baths1,985 SqFt0.1286 Acres
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!
1 / 20

Est. Monthly

$1,019/mo

$215,000

1488 Electric Avenue, Lackawanna, NY

5 Beds2 Baths1,985 SqFt0.1286 Acres

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!

StatusActive
Property TypeResidential
Property SubtypeMulti Family
Year Built1960

Est. Monthly Payment

$1,019.09

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

1488 Electric Avenue

Lackawanna, NY 14218 • Erie
5
Beds
2
Baths
1,985
SqFt
0.1286
Acres
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Year Built
196066 years ago
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $5,347
Property History
  • Listed for sale
    May 27, 2026 • NYSAMLS • B1684892
    $215,000
Mortgage Calculator
Estimated monthly payment for this property
$1,019.09
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    B1684892
  • Listing Office
    WNY Metro Roberts Realty
  • Last Updated
    1 hour ago

Appliances

  • Appliances
    Gas Water Heater

Climate & Systems

  • Heating
    • Gas
    • Baseboard
    • Forced Air

Interior Features

  • Flooring
    • Carpet
    • Hardwood
    • Tile
    • Varies
  • Basement
    Partial

Parking

  • Parking Features
    • Concrete
    • Garage
    • Two Or More Spaces
  • Garage Spaces
    2

Lot & Grounds

  • Lot Size
    0.1286 acres
  • Lot Features
    • Near Public Transit
    • Rectangular
    • Rectangular Lot
    • Residential Lot
  • Fencing
    Partial
  • Patio & Porch
    • Open
    • Porch
  • Exterior Features
    Fence

Type

  • Property Type
    Residential
  • Property Subtype
    Multi Family
  • Architectural Style
    Duplex

Structure

  • Construction
    Brick

Condition

  • Year Built
    1960
  • Condition
    Resale
  • Water
    Connected
  • Sewer
    Connected
  • Utilities
    • Sewer Connected
    • Water Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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