5314 Broadway Street
Lancaster, NY 14086 · Erie County
Price
$349,900
Bed / Bath
4 bd · 2 ba
Interior
5,046 sqft
Lot
4,356 sqft lot
Built
1890
↓ Reduced from $374,900
About this home
Solid three-unit investment property with good cash flows and plenty of upside! Located in the Village of Lancaster, this property is a great opportunity for an investor or handy owner-occupant looking to build equity and increase future income. The spacious upper apartment features three bedrooms, a formal dining area, and lots of living space. The updated lower apartment has one bedroom and an open living/kitchen area. The commercial space offers three suites, ideal for a small businesses. Three-phase electric provides additional business possibilities. Locate your business in one suite and rent the others or take it all, there are lots of options. Parking lot can accommodate up to 7 cars and just received a fresh coat of blacktop. Both apartments have new hot water tanks and the office space has a new furnace. Located on a high-visibility stretch of Broadway close to shopping, amenities and commuter routes. A great opportunity for a savvy investor! Also listed under ml# B1713629 as a commercial property.
Appliances
- Gas Water Heater
Mechanical
Heating
Gas, Baseboard, Forced Air, Multiple Heating Units
Schools
District
Lancaster
Tax & finance
Annual taxes
$7,632
Financing
Cash · Conventional
MLS Attribution
Listing courtesy of Perfect Place. Listing agent: Stephanie A Morgan. Data last updated 9/17/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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