57-63 Winstead Road, Lackawanna, NY

Name: 57 - 63 Winstead Road, For Sale in Lackawanna - eXp Realty
Brand: WNY Metro Roberts Realty
SKU: B1694152
Price: 269000 USD

House

For Sale

Listed price in listed location currency (USD).

$269,000

940

MLS® B1694152

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size 5139 sqft

Garage

Taxes $6,952

Days Active 0

Lot Size 0.4594 Acres

Approx. Age 1943

Avg. Price Per Sqft $52

MLS® Number B1694152

Property Address: 57-63 Winstead Road, Lackawanna, NY, 14218

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 63 Winstead Road – an exceptional investment opportunity or the perfect residence for those seeking rental income to offset mortgage costs. This unique property comprises four separate apartments, each featuring its own private entrance, basement access, and dedicated off-street parking spaces. The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance. Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements. Currently, the property generates $2, 450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3, 600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors. Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road. Schedule a private viewing to learn more about this promising investment opportunity.

MLS® NumberB1694152

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1943

BasementFull, Sump Pump

DrivewayConcrete, Parking Available, Two Or More Spaces

Garage Spaces

HeatGas, Forced Air

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 27, 2026List Date

$269,000List Price

Commute

Commute

Starting Address

Destination Address

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