119 Chestnut St, Gowanda, NY, 14070
About This Home
Welcome to 119 Chestnut Street in the Village of Gowanda, an income producing property offering strong updates and great investment potential. Both the upper and lower apartments have been recently refreshed with new paint, updated flooring, and fully remodeled bathrooms. The lower unit features all new windows installed in 2025, a recently serviced and flushed hot water tank, and a back porch finished with low maintenance Trex decking, adding great tenant appeal. The upper apartment also includes a newer hot water tank. Major mechanical and exterior improvements provide peace of mind, including a newer metal roof (installed prior to current ownership), a brand-new gutter system in 2025 (approximately $12,000 investment), and updated glass block windows in the basement. Whether you're looking to expand your portfolio or owner occupy while generating rental income, this property offers a strong combination of updates, functionality, and long-term value.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1920
Materials
- Construction materials: Other,See Remarks
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Laminate,Varies
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Details
- Parcel number: 04720100808300030170010000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.27 Acres
- Features: Irregular Lot,Residential Lot
- Lot size dimensions: 57 x 100
Parking
- Total spaces: 2
- Parking features: Gravel
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Cold Wave
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Cattaraugus County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $581 | $6,972 |
| Home Insurance * | $56 | $672 |
| Property Taxes | $183 | $2,196 |
| Electricity | $446 | $5,354 |
| Total | $1,266 | $15,192 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Listed for sale | $135,000 |
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