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Property at 48 Olanta Street, Lancaster, NY 14043
ACTIVE
0
$360,000

48 Olanta StreetLancaster, NY, 14043

6 Beds3 Baths2,184 SqFt0.1745 Acres
Rare opportunity to own a well-maintained side-by-side duplex in a highly desirable area of Depew. Duplexes in this location rarely become available, making this a great opportunity for both investors and owner-occupants. Each unit offers 3 bedrooms, 1.5 baths, eat-in kitchens with private deck access, separate basement space with laundry hookups, and private driveways. The right-side unit also features a newer sump pump installed in 2025. The property has been occupied by the same long-term tenants for many years and has been exceptionally well maintained throughout their occupancy. Tenants are currently month-to-month, with one occupying the property for approximately 30 years and the other for approximately 16 years. The right-side unit is expected to be vacant at the end of June. Current rents are below market value, with similar duplex units in the area typically renting for approximately $1,400-$1,800 per unit. Perfect opportunity to expand your investment portfolio or live in one unit while generating rental income from the other. Sellers reserve the right to set an offer deadline.
1 / 48

Est. Monthly

$1,706/MO

$360,000

48 Olanta Street, Lancaster, NY

6 Beds3 Baths2,184 SqFt0.1745 Acres

Rare opportunity to own a well-maintained side-by-side duplex in a highly desirable area of Depew. Duplexes in this location rarely become available, making this a great opportunity for both investors and owner-occupants. Each unit offers 3 bedrooms, 1.5 baths, eat-in kitchens with private deck access, separate basement space with laundry hookups, and private driveways. The right-side unit also features a newer sump pump installed in 2025. The property has been occupied by the same long-term tenants for many years and has been exceptionally well maintained throughout their occupancy. Tenants are currently month-to-month, with one occupying the property for approximately 30 years and the other for approximately 16 years. The right-side unit is expected to be vacant at the end of June. Current rents are below market value, with similar duplex units in the area typically renting for approximately $1,400-$1,800 per unit. Perfect opportunity to expand your investment portfolio or live in one unit while generating rental income from the other. Sellers reserve the right to set an offer deadline.

StatusActive
Property TypeResidential
Property SubtypeDuplex
Year Built1990
Days on Market21 days

Est. Monthly Payment

$1,706.39

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

48 Olanta Street

Lancaster, NY 14043 • Erie
6
Beds
3
Baths
2,184
SqFt
0.1745
Acres
Status
Active
Property Type
Residential
Property Subtype
Duplex
Year Built
199036 years ago
Days on Market
21 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $8,535
Property History
  • Listed for sale
    May 28, 2026 • NYSAMLS • B1684912
    $360,000
  • Closed
    May 16, 2025 • NYSAMLS • B1589721
    $349,000
  • Listed for sale
    Feb 23, 2025 • NYSAMLS • B1589721
    $349,000
Mortgage Calculator
Estimated monthly payment for this property
$1,706.39
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#
    B1684912
  • Listing Office
    Realty ONE Group Empower
  • Last Updated
    17 days ago

Appliances

  • Appliances
    Gas Water Heater

Climate & Systems

  • Heating
    • Gas
    • Forced Air

Interior Features

  • Flooring
    • Carpet
    • Varies
    • Vinyl
  • Basement
    • Full
    • Sump Pump

Parking

  • Parking Features
    Two Or More Spaces

Lot & Grounds

  • Lot Size
    0.1745 acres
  • Lot Features
    • Rectangular
    • Rectangular Lot
    • Residential Lot
  • Patio & Porch
    Deck
  • Exterior Features
    Deck

Type

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

Structure

  • Construction
    • Brick
    • Block
    • Concrete
    • Vinyl Siding
  • Roof
    Asphalt
  • Foundation
    Block

Condition

  • Year Built
    1990
  • Condition
    Resale
  • Days on Market
    21 days
  • Water
    Connected
  • Sewer
    Connected
  • Utilities
    • High Speed Internet Available
    • Sewer Connected
    • Water Connected
Also Listed On
  • NYSAMLS
    1 related listing
    Closed$349,000

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

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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