368 Olmstead Ave

Lancaster, NY 14043

$249,000
Price
3
Beds
1,364 Sq. Ft.
$183 / Sq. Ft.
1,364
Sq. Ft.
$183
per Sq. Ft.

Description

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...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.
  1. Listed by Hans Hokenson • Howard Hanna WNY Inc.
    P: (716)-655-1655 C: (716)-353-0258 hanshokenson@howardhanna.com

Property Details for 368 Olmstead Avenue

Subdivision Comm Complex
Holland Company's Surv
On Waterfront
No
Parking Description
Concrete
Nearest Cross Street
Warner
LISTING UPDATED: 12/29/2025 06:08 PM

Property Details for 368 Olmstead Avenue

StatusActive
MLS #B1654477
Days on Market48
Taxes$4,653 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1855
Lot Size0.38 AC / 16,699 SF
CountyErie County

Location

Listing Courtesy of Howard Hanna WNY Inc.
Add your commute

Building Information for 368 Olmstead Avenue

Stories2Residences2Year Built1855Building Size-Lot Size0.38 AC / 16,699 SF

Payment Calculator

$1,601 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,214

Property Taxes

$388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 368 Olmstead Avenue

Summary
Location and General Information
  • Elementary School District: Depew
  • High School District: Depew
  • Middle Or Junior School District: Depew
  • Village: Depew-Village
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Depew Village-Lancaster-145201
  • Tax Annual Amount: $4,653.00
Property
Lot Information
  • Building Area Total: 1364.0
  • Land Features: Irregular Lot, Residential Lot
  • Num Of Acres: 0.3833
  • Lot Size Area: 0.3833
  • Lot Size Square Feet: 16699.0
  • Lot Size Units: Acres
  • Parcel Number: 145201-104-240-0004-031-000
  • Road Frontage: City Street
  • Lot Number: 31
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $106,000
  • Year Built: 1855
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • HVAC Type: Zoned
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Heating: Gas, Zoned, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 1364.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 0
Unit 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,000.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Rental
Rental Information
  • Rent Includes: Gardener, Snow Removal, Water

Property History for 368 Olmstead Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Listed (Active)

WNYREIS #B1654477

$249,000—
Dec 12, 2025

Listed (Active)

WNYREIS #B1654301

$249,000—
Dec 8, 2023

Sold

WNYREIS #B1499501

$215,000—
Nov 29, 2023

Sold (Public Record)

Public Record #1525886388

$215,000

+6.5% / yr

Sep 27, 2023

Pending

WNYREIS #B1499501

—
Sep 21, 2023

Listed (Active)

WNYREIS #B1499501

$239,900—
Dec 30, 2008

Sold (Public Record)

Public Record #263965833

$84,500—
DateEvent & SourcePrice
12/12/2025

Listed (Active)

WNYREIS #B1654477

$249,000
12/12/2025

Listed (Active)

WNYREIS #B1654301

$249,000
12/08/2023

Sold

WNYREIS #B1499501

$215,000
11/29/2023

Sold (Public Record)

Public Record #1525886388

$215,000

+6.5% / yr

09/27/2023

Pending

WNYREIS #B1499501

—
09/21/2023

Listed (Active)

WNYREIS #B1499501

$239,900
12/30/2008

Sold (Public Record)

Public Record #263965833

$84,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 368 Olmstead Avenue

Taxable ValueLand$31,600Additions$74,400Total$106,000
Tax Record2024$4,293 ($358 / month)
Home Facts
Baths1Total Finished SqFt1,364 SqFtAbove Grade Finished SqFt1,364 SqFtStories2Lot Size16,680 SqFtStyleDuplexYear Built1855CountyERIEAPN145201 104.24-4-31

Schools near 368 Olmstead Avenue

This home is within Depew Union Free School District.
Rating
School
Type
Grades
Distance
Cayuga Heights Elementary School
Public - PK to 5
Depew Middle School
Public - 6 to 8
Depew High School
Public - 9 to 12
Sts. Peter and Paul School
Private - PK to 8
Rating
School
Distance
Cayuga Heights Elementary School
PublicPK to 5

Depew Middle School
Public6 to 8

Depew High School
Public9 to 12

Sts. Peter and Paul School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 368 Olmstead Avenue, Lancaster, NY 14043

368 Olmstead Avenue is a multi-family home for sale in Lancaster, NY 14043. This property was listed for sale on December 12, 2025 by Howard Hanna WNY Inc., it's currently listed at $249,000. It has been on the market for a total of 48 days and was last sold on December 8, 2023. This listing's school district is Depew Union Free School District. Nearby schools include Cayuga Heights Elementary School, Depew Middle School and Depew High School. 368 Olmstead Avenue is a 3-bed, 2-bath, 1,364 sqft multi-family home built in 1855.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna WNY Inc.

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.