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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 5/27/2026 |
|---|---|---|---|
| TRACT | Buffalo Crk Reservation | YEAR BUILT | 1960 |
| COMMUNITY | Lackawanna-City-140900 | GARAGE SPACES | 2.0 |
| COUNTY | Erie | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater, Water Heater |
|---|---|
| AREA | Lackawanna-City-140900 |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Baseboard, Forced Air, Natural Gas |
| HOA DUES | Multi Family |
| LOT | 5602 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 35X160 |
| PARKING | Concrete, Garage |
| STORIES | 1 |
| STYLE | Duplex |
| SUBDIVISION | Buffalo Crk Reservation |
| TAXES | 5347 |
| UTILITIES | Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Brandy Hardy, WNY Metro Roberts Realty, 716-574-8998
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