4344 Summit Street

About this home

Rare opportunity to own an 8-unit lakefront property with an impressive 212 feet of frontage on beautiful Chautauqua Lake. Located in Lakewood and within the Southwestern School District, this unique property is priced to sell and offers incredible flexibility for investors, owner-occupants, or those looking to create a one-of-a-kind lakefront retreat. The property features a mix of units, including one spacious 3-bedroom, 2.1-bath apartment, six 1-bedroom, 1-bath apartments, and one studio apartment. The six 1-bedroom units are currently occupied and average $780 per month, with tenants paying their own utilities. The 3-bedroom unit and studio are currently vacant, offering immediate potential to increase income, occupy one of the units, or explore future use. Separate utilities add convenience and help simplify management. Additional features include a 4-car garage, wraparound driveway, ample parking, sweeping lake views, and a prime location close to dining, shopping, everyday amenities, and major routes. Continue using it as an income-producing rental, explore redevelopment opportunities, or imagine transforming the property into a private lakefront estate. Properties with this amount of Chautauqua Lake frontage are exceptionally rare—don’t miss the chance to invest in one of the area’s most sought-after lakefront locations.

Interior features

• Sliding Glass Doors

Exterior features

• Blacktop Driveway
• Concrete Driveway
• Gravel Driveway
• Patio

Appliances

• Appliances Negotiable
• Dishwasher
• Electric Oven
• Electric Range
• Disposal
• Gas Water Heater
• Refrigerator

Mechanical

Schools

Tax & finance

Location

Lakewood, NY 14750 · Chautauqua County

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