38-40 Lambert Avenue, Fredonia, NY 14063

Fredonia
Local realty services provided by:HUNT Real Estate ERA
38-40 Lambert Avenue,Fredonia, NY 14063
$209,900
  • 8 Beds
  • 4 Baths
  • 2,312 sq. ft.
  • Multi-family
  • Active
Listed by: tyler ehde, carol klein
Office: century 21 north east
MLS#:B1698996
Source:NY_GENRIS

Price summary

  • Price:$209,900
  • Price per sq. ft.:$90.79

About this home

Exceptional turnkey investment opportunity in the heart of Fredonia! Perfectly positioned at 38 Lambert Ave, this fully furnished three-unit property is located less than a five-minute drive from SUNY Fredonia, making it an ideal addition to any investor's portfolio. With strong rental demand driven by the nearby university, this property offers outstanding income potential from day one. The building features a spacious mix of units, including a 4-bedroom, 1.5-bath, 3-bedroom, 1-bath, and 1-bedroom, 1-bath apartment, providing flexibility to attract a variety of tenants. The 3-bedroom unit is already generating $2,000 per month in rental income, while the remaining units offer excellent opportunity for additional cash flow. The 4 bedroom unit currently has 3 bedrooms rented out, and the 4th will be rented soon. Each apartment is separately metered for gas and electric, allowing tenants to pay their own utilities and helping reduce owner expenses. Best of all, this is a truly turnkey...

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Home facts

  • Year built:1872
  • Listing ID #:B1698996
  • Added:37 day(s) ago
  • Updated:August 23, 2026 at 02:52 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Flooring:Carpet, Laminate, Resilient, Varies
  • Basement:Yes
  • Living area:2,312 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Gas, Wall Furnace

Structure and exterior

  • Year built:1872
  • Building area:2,312 sq. ft.
  • Lot area:0.48 Acres
  • Lot Features:Rectangular, Residential Lot
  • Architectural Style:Triplex
  • Construction Materials:Brick, Vinyl Siding
  • Exterior Features:Patio
  • Levels:1 Story

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$209,900
  • Price per sq. ft.:$90.79
  • Tax amount:$5,277

Parking

  • Parking description:Gravel Driveway, Parking Available

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