1403 Electric Ave, Buffalo, NY, 14218
About This Home
CASH FLOW!!!!! CASH FLOW!!!!! CASH FLOW!!!! Welcome investors to this 3 unit property with a double garage in the heart of Lackawanna. Beautifully updated bathrooms as well as a full roof replacement this year. Not to mention new paint in all three units. Hardwood floors have also been refinished. Mechanical components are in good shape. Do not miss this opportunity to generate passive income while also enjoying the opportunity to live in this pleasant abode.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1918
Materials
- Foundation: Stone
- Roof: Asphalt
- Construction materials: Vinyl Siding
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: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Hardwood,Varies
Heating & Cooling
- Heating features: Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Details
- Parcel number: 1409001425400002008000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 3,001 sqft
- Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
- Lot size dimensions: 30 x 100
Parking
- Total spaces: 2
- Parking features: Concrete
- 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
- Cold Wave
- Winter Weather
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Erie 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 | $1,163 | $13,956 |
| Home Insurance * | $125 | $1,500 |
| Property Taxes | $329 | $3,948 |
| Electricity | $429 | $5,156 |
| Total | $2,046 | $24,552 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-26 | Listed for sale | $230,000 |
| 2025-04-08 | Sold | $104,000 |
View on Zillow