CCertihomes
128 Colton Avenue, Lackawanna, NY 14218

$799,000

8 beds 4 baths 10,503 sqft Built 19705 days on marketActive

About this home

Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 8 unit in Lackawanna, NY! This all-brick building is being sold either separately or combined with a 6 unit building across the street (MLS #B1627676). Each unit is nearly identical with 2 good sized bedrooms, 1 full bath with ceramic, a kitchenette, large living space and hardwood floors throughout. Tenants pay separate electric; Gas/Water included in rent. Solid poured foundation with full basement and large parking lot in rear for tenant convenience. Good working mechanicals (2 boilers 2021), circuit breakers separately metered. Coin Laundry in basement and each tenant has their own storage unit for added convenience. Offers will be presented as they are received. Open House Sunday Aug 10th 1-3PM

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
$8,573/mo

Real estate (PITI + HOA + PMI)
$6,186
Principal + interest$3,624
Property tax + insurance$2,262
PMI / 2nd mortgage$300
Utilities
$5,184
Heating + cooling$2,439
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$8,573/mo TLC
Budget$9,073/mo
Remaining after TLC$500/mo
Purchase price
$799,000
Down payment
$39,950 (5%)
Loan amount
$759,050
APR
4%

Quick facts

Type
MultiFamily
Style
Other, SeeRemarks
Year built
1970
Lot size
0.4477 ac
Stories
2
Heating
Gas, Radiant
Cooling
Water
Connected, Public
HOA
Annual tax
$13,267
MLS #
B1627688
County
Erie

At a glance

Basement

Home features

Appliances
GasWaterHeater
Interior
Storage
Parking
Gravel
Flooring
CeramicTile, Hardwood, Varies
Roof
Architectural, Shingle
Sewer
Connected

Lot features

Rectangular, RectangularLot, ResidentialLot

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

Open in Google Maps →

Listing information last refreshed 8/5/2025. Provided courtesy of HUNT Real Estate Corporation via Buffalo MLS. Information deemed reliable but not guaranteed.