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328 Olmstead Avenue, 
Depew, NY 14043

$430,000


9

Beds


3

Baths


5,650

Sq Ft


Multi-Family

Sold

Listed by

Erik Arneth

Bought with WNY Metro Roberts Realty

Keller Williams Realty Wny

716-832-3300

MLS#

B1513011

Source:

NY GENRIS

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About This Home

328 Olmstead Avenue

Fully occupied 3-unit residential building featuring an attached 3-car multi-bay garage, with two bays currently rented for $100 each per month. Additionally, there's a 1000 sqft outbuilding equipped with 100Amp electric service and a heating unit, presently rented for $795/month. The property includes two 3-bedroom, one-bathroom units in the front (upper and lower), and a two-story 3-bedroom, one-bathroom townhouse in the rear. The total monthly income is $5,045, with all tenants on a month-to-month lease. The sale also encompasses an adjacent vacant lot to the west, totaling 0.57 acres. The 3-unit building has a 3 year roof, and the outbuilding and sheds roofs were replaced last year. Each unit has separate gas and electric meters, with the owner only responsible for water expenses. This is an excellent investment opportunity with consistent income and significant potential for growth.

Home Facts

Multi-Family

3 Baths

9 Bedrooms

Built in 1907

Price Summary

435,000

$76 per Sq. Ft.

MLS #:

B1513011

Sold:

February 28, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

5,650 Sq. Ft.


Structure

Structure

Architectural Style:

Triplex

Building Area:

5,650 Sq. Ft.

Year Built:

1907


Lot

Lot Size (Sq. Ft):

25,020


Finances & Disclosures

Finances

Price:

$435,000

Price per Sq. Ft:

$76 per Sq. Ft.

Source:NY GENRIS
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