MP Home Team

There are multiple listings for this address:
368 Olmstead Avenue
Lancaster, NY, 14043
$249,000
3 Beds
2 Baths
1,364 SqFt
0.38 Acres
Add
MLS #B1654301 image #0
Welcome to 368 Olmstead Ave, Depew, NY! Great opportunity to own a well-maintained two-unit property offering flexibility for both owner-occupants and investors. The upper unit features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month, providing immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is vacant, making it perfect for an owner-occupant or for setting your own rental terms. The property has seen several updates throughout, including newer carpeting and a recently renovated bathroom, enhancing comfort and appeal as well as other improvements designed to reduce maintenance. With one unit already generating income and the other move-in ready, this property presents a solid opportunity to offset expenses or expand your investment portfolio. The property features ample parking and a spacious backyard. Conveniently located near the Village of Lancaster, Reinstein Woods Nature Preserve, Como Lake Park, and just 20 minutes from downtown Buffalo. A turnkey investment in a desirable, accessible area.

Property Details

Price:
$249,000
MLS #:
B1654301
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Holland Company’s Surv
Neighborhood:
depewvillagelancaster145201
Listed Date:
Dec 12, 2025
Finished Sq Ft:
1,364
Total Sq Ft:
1,364
Lot Size:
16,699 sqft / 0.38 acres (approx)
Year Built:
1855
Depew Village-lancaster-145201Depewvillagelancaster145201Holland Company’s SurvDepew

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Schools

School District:
Depew

Interior

Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Zoned
Flooring
Carpet, Varies, Vinyl
Heating
Gas, Zoned, Baseboard

Exterior

Construction Materials
Aluminum Siding
Parking Features
Concrete

Financial

Taxes
$4,653

Map

Community

Market Summary

Current real estate data for Single Family in Lancaster as of Feb 05, 2026
57
Single Family Listed
114
Avg DOM
216
Avg $ / SqFt
$382,437
Avg List Price

Property Summary

    Located in the Holland Company’s Surv subdivision, 368 Olmstead Avenue Lancaster NY is a Single Family for sale in Lancaster, NY, 14043. It is listed for $249,000 and features 3 beds, 2 baths, and has approximately 1,364 square feet of living space, and was originally constructed in 1855. The current price per square foot is $183. The average price per square foot for Single Family listings in Lancaster is $216. The average listing price for Single Family in Lancaster is $382,437.

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368 Olmstead Avenue
Lancaster, NY
368 Olmstead Avenue
Lancaster, NY, 14043
$249,000
3 Beds
2 Baths
1,364 SqFt
0.38 Acres
Add
MLS #B1654477 image #0
Welcome to 368 Olmstead Ave, Depew, NY! Great opportunity to own a well-maintained two-unit property offering flexibility for both owner-occupants and investors. The upper unit features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month, providing immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is vacant, making it perfect for an owner-occupant or for setting your own rental terms. The property has seen several updates throughout, including newer carpeting and a recently renovated bathroom, enhancing comfort and appeal as well as other improvements designed to reduce maintenance. With one unit already generating income and the other move-in ready, this property presents a solid opportunity to offset expenses or expand your investment portfolio. The property features ample parking and a spacious backyard. Conveniently located near the Village of Lancaster, Reinstein Woods Nature Preserve, Como Lake Park, and just 20 minutes from downtown Buffalo. A turnkey investment in a desirable, accessible area.

Property Details

Price:
$249,000
MLS #:
B1654477
Status:
Active
Beds:
3
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Holland Company’s Surv
Neighborhood:
depewvillagelancaster145201
Listed Date:
Dec 12, 2025
Finished Sq Ft:
1,364
Total Sq Ft:
1,364
Lot Size:
16,699 sqft / 0.38 acres (approx)
Year Built:
1855
Units:
2
Depew Village-lancaster-145201Depewvillagelancaster145201Holland Company’s SurvDepew

Ask a Question

See this Listing

Send
  

Schools

School District:
Depew

Interior

Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Zoned
Flooring
Carpet, Varies, Vinyl
Heating
Gas, Zoned, Baseboard

Exterior

Construction Materials
Aluminum Siding
Parking Features
Concrete

Financial

Taxes
$4,653

Map

Community

Market Summary

Current real estate data for Multi Family in Lancaster as of Feb 05, 2026
57
Multi Family Listed
114
Avg DOM
216
Avg $ / SqFt
$382,437
Avg List Price

Property Summary

    Located in the Holland Company’s Surv subdivision, 368 Olmstead Avenue Lancaster NY is a Multi Family for sale in Lancaster, NY, 14043. It is listed for $249,000

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