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.
Sold for $430,000 on 02/28/24
$430,000
328 Olmstead Ave, Depew, NY 14043
9beds
5,650sqft
Triplex, Multi Family
Built in 1907
-- sqft lot
$439,300 Zestimate®
$76/sqft
$1,793 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 26, 2024 at 09:08am
Listed by:
Erik Arneth 716-213-8784,
Keller Williams Realty WNY
Bought with:
Jonathan Miller, 10401342542
WNY Metro Roberts Realty
Source: NYSAMLSs,MLS#: B1513011
Originating MLS: Buffalo

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Baseboard, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Storage, Skylights, Natural Woodwork
- Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
- Windows: Skylight(s)
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 5,650
- Total interior livable area: 5,650 sqft
Property
Parking
- Total spaces: 5
- Parking features: Common, Concrete, Paved, Two or More Spaces
- Garage spaces: 5
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.57 Acres
- Dimensions: 90 x 278
- Features: Residential Lot
Details
- Parcel number: 1452011042400004039000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,See Remarks,Triplex
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding, Copper Plumbing, PEX Plumbing
- Foundation: Block, Poured
- Roof: Asphalt
Condition
- Resale
- Year built: 1907
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Depew
Other
Other facts
- Listing terms: Cash,Conventional,FHA