Sold
Last Sold Price
7 beds5,480 sqft$20/sqft
6407 Drake Settlement Rd, Newfane, NY 14028
Multi FamilyProperty Type
1.5 acresLot Size
1920Year Built
$20/sq ftPrice per sq ft
4 carsParking Spaces

Description

Investment Opportunity! With some elbow grease, you can discover your investment oasis in this versatile 4-unit multi-family property. With existing rental units and room for adding additional rental units, this property is your ticket to unlocking endless possibilities and growing your real estate portfolio! The property sports a huge garage with 4 separate doors for possible future tenant storage. The garage also holds a possible 5th apartment! Newer lennox furnace in the garage. Very nice size...Investment Opportunity! With some elbow grease, you can discover your investment oasis in this versatile 4-unit multi-family property. With existing rental units and room for adding additional rental units, this property is your ticket to unlocking endless possibilities and growing your real estate portfolio! The property sports a huge garage with 4 separate doors for possible future tenant storage. The garage also holds a possible 5th apartment! Newer lennox furnace in the garage. Very nice size lot that gives you the space and comfort any tenant would wish for. This property is currently part of an estate with family members residing who will vacate property when sold. The property is to be sold in AS-IS condition, the seller will make no repairs. Come check out this great opportunity to boost your portfolio and become a landlord! seller will entertain all offers
  • Listed by: Dale Jones 716.542.2000 dale.jones@huntrealestate.com • HUNT Real Estate ERA
Listing closed: 04/09/2024 12:00 AM • Source: WNYREIS, MLS#: B1501610

Recent comparable sales

Median sold price

$340,000

Avg days on market

22

Sale-to-list ratio

97.4%

Newfane, NY

9 comparable properties found

$1,095,000 | 218 Depot Road, Newfane, VT 05362
1/61
1

$1,095,000

Sold 07/23/26

7
Bedrooms
7,367
Square Feet
29.6
Acres
$200,000 | 5974 Washington, Newfane, NY 14126
1/2
2

$200,000

Sold 11/18/24

5
Bedrooms
2,990
Square Feet
0.15
Acres
$340,000 | 5997 Ide Road, Newfane, NY 14108
1/2
3

$340,000

Sold 01/09/25

5
Bedrooms
3,186
Square Feet
1.18
Acres
4

$730,000

Sold 10/17/25

6
Bedrooms
4.5
Bathrooms
2,146
Square Feet
40
Acres
$685,000 | 2575 Fuller Road, Newfane, NY 14028
1/2
5

$685,000

Sold 08/04/25

5
Bedrooms
2,694
Square Feet
16.8
Acres
6

$125,000

Sold 10/03/24

3
Bedrooms
1
Bathrooms
1,080
Square Feet
2.8
Acres
$440,000 | 2244 Lockport Olcott Road, Newfane, NY 14108
1/2
7

$440,000

Sold 09/30/25

3
Bedrooms
2,294
Square Feet
2.2
Acres
8

$90,000

Sold 10/01/24

2
Bedrooms
1
Bathrooms
1,492
Square Feet
0.46
Acres
$100,000 | 6065 Ketchum Avenue, Newfane, NY 14108
1/2
9

$100,000

Sold 03/18/25

2
Bedrooms
793
Square Feet
0.30
Acres

Location

Listing Courtesy of HUNT Real Estate ERA

Sold By Keller Williams Realty WNY

Add your commute

Payment Calculator

$1,210 per month

30 year fixed, 6.55% Interest

Principal and Interest

$559

Property Taxes

$651

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6407 Drake Settlement Road

Property Details
  • Taxes: $7,810 / year
  • MLS Type: Residential / Residential
  • Styles Of Residence: Fourplex
  • On Waterfront: No
  • Parking Description: Common, Gravel
  • Nearest Cross Street: Fuller
Building Information
  • Stories: 3
  • Residences: 4
  • Year Built: 1920
  • Lot Size: 1.50 AC / 65,340 SF
Summary
Location and General Information
  • Elementary School District: Newfane
  • High School District: Newfane
  • Middle Or Junior School District: Newfane
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: 4.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Newfane-292800
  • Tax Annual Amount: $7,810.00
Property
Lot Information
  • Building Area Total: 5480.0
  • Land Features: Agricultural
  • Num Of Acres: 1.5
  • Lot Size Area: 1.5
  • Lot Size Units: Acres
  • Parcel Number: 292800-026-000-0001-014-002
  • Lot Number: 14
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $161,000
  • Year Built: 1920
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 4
  • Sewer Description: Septic Tank
  • Utilities Available: Cable Available, High Speed Internet Available, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding, Copper Plumbing
  • Exterior Features: Play Structure, Tv Antenna
  • Foundation Description: Other, See Remarks
  • Other Equipment: Satellite Dish
  • Roof Description: Asphalt, Pitched, Shingle
Interior Features
  • Appliances: Electric Water Heater
  • Basement Description: None
  • Basement YN: No
  • Num Of Possible Bedrooms: 7
  • Num Fireplaces Total Calculated: 1
  • Fireplace YN: Yes
  • Floor Description: Carpet, Hardwood, Laminate, Tile, Varies
  • Heating: Electric, Propane, Baseboard
  • Heating YN: Yes
  • Interior Features: Cedar Closets, Ceiling Fans, Natural Woodwork
  • Sq Ft Total: 5480.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expense Includes: Other, See Remarks
  • Stories: 3
  • Stories Total: 3
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Dining Area With 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: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Features: ,Dining Area With Kitchen,Living Room,Porch
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 1
  • Unit Type Actual Rent Range: 0
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Dining Area With 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 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 0
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 6407 Drake Settlement Road

DateEvent & SourcePriceAppreciation
Apr 9, 2024

Sold

New York State Alliance of MLSs (Buffalo) #B1501610

$110,000
Apr 9, 2024

Sold

WNYREIS #B1501610

$110,000
Jan 12, 2024

Sold (Public Record)

Public Record #1532534139

$110,000
DateEvent & SourcePrice
04/09/2024

Sold

New York State Alliance of MLSs (Buffalo) #B1501610

$110,000
04/09/2024

Sold

WNYREIS #B1501610

$110,000
01/12/2024

Sold (Public Record)

Public Record #1532534139

$110,000

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

Public Records for 6407 Drake Settlement Road

Taxable ValueLand$17,500Additions$143,600Total$161,100
Home Facts
Total Finished SqFt4,188 SqFtAbove Grade Finished SqFt4,188 SqFtUnfinished Basement SqFt1,292 SqFtStories3Lot Size65,340 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyNIAGARAAPN292800 26.00-1-14.2

Schools near 6407 Drake Settlement Road

This home is within Newfane Central School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 4 to 8
Public - 7 to 12
Rating
School
Distance
Newfane Elementary School
PublicK to 4

Newfane Middle School
Public4 to 8

Newfane Senior High School
Public7 to 12

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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 6407 Drake Settlement Road, Newfane, NY 14028
$110,000
7
5,480
65,340
4
1
1,408
108,900
$323,000
5
1,868
29,320
$6,500
113,256
$22,000
261,360
2
2
1,320
352,836

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HUNT Real Estate ERA

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.