Investment Opportunity: Fully Leased Mixed-Use Property in Falconer, NY We are pleased to present a compelling investment opportunity in the heart of Falconer, New York — a fully leased mixed-use property featuring three residential apartments and one commercial unit. Located in an established and accessible area, this well-maintained building offers a stable and diverse income stream with all units currently leased. The mix of residential and commercial tenants provides strong occupancy security and balanced cash flow potential. Property Highlights: Fully occupied: 3 residential units and 1 commercial space. Strong tenant mix providing consistent income. Located in a well-established community with convenient access to local amenities. Professionally maintained structure with recent updates. Ideal for portfolio expansion or entry-level investment. This property represents a rare opportunity for investors seeking dependable returns from a mixed-use asset in a growing upstate New York Community. Whether you're an experienced investor or entering the market for the first time, this property offers long-term value and stability. ALSO UNDER R625209, R1625160, R1625227
Active
$217,900
360 E Elmwood Ave, Falconer, NY 14733
5beds
2,460sqft
Mixed Use, Triplex, Quadruplex, Multi Family
Built in 1925
-- sqft lot
$201,900 Zestimate®
$89/sqft
$-- HOA
What's special
Commercial unitResidential apartments
- 36 days
- on Zillow |
- 274 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 07:54am
Listing by:
ERA Team VP Real Estate 716-413-0200,
Heather Shea-Canaley 716-708-5000
Source: NYSAMLSs,MLS#: R1625209
Originating MLS: Chautauqua-Cattaraugus

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Electric, Baseboard
Appliances
- Included: Electric Water Heater
Features
- Flooring: Luxury Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,460
- Total interior livable area: 2,460 sqft
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1.26 Acres
- Dimensions: 90 x 400
- Features: Irregular Lot, Residential Lot
Details
- Additional parcels included: 0638033710080001001000
- Parcel number: 0638893710080002013000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex,Fourplex
- Property subtype: Mixed Use, Triplex, Quadruplex, Multi Family
Materials
- Vinyl Siding
Condition
- Resale
- Year built: 1925
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Holland Land Company's Su
Location
- Region: Falconer
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $106,000
- Annual tax amount: $3,581
- Date on market: 7/24/2025
- Listing terms: Cash,Conventional
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