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Welcome to 182 Lancaster Avenue "” a rare opportunity to own a four-unit property in the heart of Elmwood Village. Set within a classic Queen Anne-style residence, this home showcases timeless architectural character paired with strong income potential, just steps from one of Buffalo's most sought-after and walkable neighborhoods. An oversized front porch enhances the curb appeal - the perfect setting to relax on summer days and enjoy the energy of Elmwood Avenue. This well-maintained multi-family features two spacious 2-bedroom apartments and two 1-bedroom apartments, a highly desirable and flexible unit mix with strong rental demand. The first-floor unit is currently vacant and has been updated with a brand-new kitchen, making it ideal for an owner-occupant or for immediate market-rate leasing. Additional updates include a newer boiler (2021), exterior paint (2023), shared basement laundry, and off-street parking for all tenants "” a rare and valuable convenience in this prime location. All mechanicals are serviced yearly, providing added peace of mind and consistent performance. The property delivers solid income potential with meaningful upside for future appreciation in a consistently strong rental market. Located just steps from Elmwood Avenues vibrant shops, cafés, restaurants, parks, nightlife, and cultural attractions, this property provides unmatched walkability and lifestyle appeal. Whether you're seeking to live in one unit while tenants help offset expenses or add a strong, stable asset to your portfolio, 182 Lancaster Avenue delivers location, flexibility, and long-term value in one exceptional package.
| DAYS ON MARKET | 2 | LAST UPDATED | 8/25/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Buffalo City-140200 |
| COUNTY | Erie | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Water Heater |
| AREA | Buffalo City-140200 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Other, Wood Siding |
| FIREPLACE | Yes |
| HEAT | Natural Gas, Steam |
| HOA DUES | Multi Family |
| INTERIOR | Ceiling Fan(s), Entrance Foyer, High Speed Internet, Natural Woodwork |
| LOT | 4800 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 40X120 |
| PARKING | Paved |
| STORIES | 3 |
| STYLE | Fourplex |
| TAXES | 10364 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Karina Stachowiak, Keller Williams Realty WNY, 716-908-4212
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