CCertihomes
2901 S Park Avenue, Lackawanna, NY 14218

$750,000

5 beds 4 baths 4,680 sqft Built 201685 days on marketActive

About this home

Rare opportunity to own a newer mixed use building in the City of Lackawanna! Very nice heated garage is a real bonus. The spacious, bright front office has high visibility, heavy traffic count, easy access and ample parking, with a total of 9 blacktop spaces servicing this property. Residential units come with gas stoves, refrigerators, dishwashers, private entrances, a shared in-building laundry, and share the off street paved parking. Quality custom structure, only 9 years old, and occupied by the builder's own company. Enjoy the benefits of the superior upgrades found on this property, including 28 solar panels on the roof that are owned, not leased. Use as currently built, or modify to suit your needs. Don't overlook the money making opportunities here as this property has a 5% cap rate on the net operating income. Square footage was obtained directly from the original building plans provided by the Builder/Owner.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,259/mo

Real estate (PITI + HOA + PMI)
$5,345
Principal + interest$3,402
Property tax + insurance$1,662
PMI / 2nd mortgage$281
Utilities
$2,200
Heating + cooling$947
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$6,259/mo TLC
Budget$6,759/mo
Remaining after TLC$500/mo
Purchase price
$750,000
Down payment
$37,500 (5%)
Loan amount
$712,500
APR
4%

Quick facts

Type
MixedUse
Style
Fourplex
Year built
2016
Lot size
0.17 ac
Stories
2
Heating
Gas, Zoned, Gravity
Cooling
Zoned
Water
Connected, Public
HOA
Annual tax
$9,562
MLS #
B1609341
County
Erie

At a glance

Garage (1)

Home features

Appliances
GasWaterHeater
Parking
PavedParkingAvailableTwoOrMoreSpacesGarageDoorOpener
Flooring
LuxuryVinyl
Roof
Asphalt, Shingle
Sewer
Connected

Lot features

NearPublicTransit, Rectangular, RectangularLot

Neighborhood — 14218

MetricThis ZIPCountyUSA
Population23,80619,351,094299,088,112
Population Change Since1990-10.00%8.00%20.00%
Population Density3,136395
Male11,4799,381,926147,432,321
Female12,3269,969,168151,655,844
Never Married5,5654,946,39163,775,926
Married9,1927,166,701123,120,365
Separated7741,159,67312,639,686
Widowed2,0471,110,24515,467,586
Divorced1,9221,210,44823,075,029
Number Of House Hold10,0297,102,016111,826,380
Average House Hold Size2.352.642.60
Medial Age39.2836.5335.46
Median House Hold Income$37,164$49,847$48,276
Average House Hold Income$45,750$70,032$63,629
P C I$19,611$26,569$24,529
M D I$32,699$42,210$41,133
A T H E$41,172$54,185$50,898
S T R8.75%4.00%
W C J80.73%81.55%77.74%
(Zip) Code
14218

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 5/23/2025. Provided courtesy of Howard Hanna WNY Inc. via Buffalo MLS. Information deemed reliable but not guaranteed.