CCertihomes
343 Olmstead Avenue, Lancaster, NY 14043

$250,000

4 beds 3 baths 1,424 sqft Built 19481 days on marketActive

About this home

Welcome to this spacious 4-bedroom, 1 full bath, 2 half bath ranch style home located in the heart of the Village of Depew. This is a fantastic opportunity for investors, DIY enthusiasts, or anyone looking to customize their own home. This home offers plenty of room to grow, featuring a large front porch perfect for relaxing evenings, no rear neighbors for added privacy, two garages - an attached garage for everyday convenience and a second detached garage for all your storage needs. Recent updates include - the basement was professionally waterproofed in Feb. 2025, new water lines (Jan 2025) new hot water tank (Jan 2025). The basement features a cozy wood-burning stove, offering potential for additional living space or a recreation area, second set of stairs leading from the basement to the back deck. With solid bones and endless potential, this home is ready for someone to bring it back to life.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,997/mo

Real estate (PITI + HOA + PMI)
$2,489
Principal + interest$1,604
Property tax + insurance$791
PMI / 2nd mortgage$94
Utilities
$1,021
Heating + cooling$361
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$2,997/mo TLC
Budget$5,000/mo
Remaining after TLC$2,003/mo
Purchase price
$250,000
Down payment
$12,500 (5%)
Loan amount
$237,500
APR
7.15%

Quick facts

Type
SingleFamilyResidence
Style
Ranch
Year built
1948
Lot size
0.14 ac
Stories
1
Heating
Gas, ForcedAir
Cooling
CentralAir
Water
Connected, Public
HOA
Annual tax
$6,091
MLS #
B1628991
County
Erie

At a glance

Air conditioning
Fireplace
Basement
Garage (2)

Home features

Appliances
BuiltInRangeBuiltInOvenElectricCooktopFreezerGasWaterHeaterRefrigerator
Interior
CeilingFansSeparateFormalDiningRoomKitchenIslandBedroomOnMainLevel
Exterior
ConcreteDrivewayDeck
Parking
AttachedElectricityGarageGarageDoorOpener
Flooring
Carpet, Varies
Roof
Asphalt
Sewer
Connected

Lot features

Rectangular, RectangularLot, ResidentialLot

Schools

High
Depew High

Neighborhood — 14043

MetricThis ZIPCountyUSA
Population39,73019,351,094299,088,112
Population Change Since19906.00%8.00%20.00%
Population Density4,339395
Male19,2479,381,926147,432,321
Female20,4839,969,168151,655,844
Never Married7,8404,946,39163,775,926
Married18,7397,166,701123,120,365
Separated7801,159,67312,639,686
Widowed2,8061,110,24515,467,586
Divorced2,5841,210,44823,075,029
Number Of House Hold15,8497,102,016111,826,380
Average House Hold Size2.502.642.60
Medial Age39.8536.5335.46
Median House Hold Income$52,892$49,847$48,276
Average House Hold Income$59,170$70,032$63,629
P C I$23,710$26,569$24,529
M D I$44,530$42,210$41,133
A T H E$48,947$54,185$50,898
S T R8.75%4.00%
W C J77.23%81.55%77.74%
(Zip) Code
14043

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

Map & walkability

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Listing information last refreshed 8/7/2025. Provided courtesy of HUNT Real Estate Corporation via Buffalo MLS. Information deemed reliable but not guaranteed.