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Lackawanna 14218
63 Winstead Road #57
$269,000
● Multifamily - In Contract

63 Winstead Road #57

Lackawanna, NY 14218
bedrooms
9 Beds
bathrooms
4 Baths
square feet
5,139 Ft²
$1,901
Est. Monthly
28.20%
Cap Rate

About This Property

Welcome to 63 Winstead Road – an exceptional investment opportunity or the perfect residence for those seeking rental income to offset mortgage costs. This unique property comprises four separate apartments, each featuring its own private entrance, basement access, and dedicated off-street parking spaces.

The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance.

Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements.

Currently, the property generates $2,450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3,600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors.

Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road.  Schedule a private viewing to learn more about this promising investment opportunity.
Unit Size
5,139 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$52
Property Type
Multifamily
Property Taxes
$579
HOA Dues
-
Year Built
-

Listed By

Alan Miller
Signature Real Estate Services

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Cap Rate Calculator

Last updated: 4 months ago (NYSAMLS #B1694152)

Price History

Date / Event Date Event Price
Aug 4, 2026 In contract -
In contract
Jul 24, 2026 Relisted $269,000
Relisted
Jul 19, 2026 In contract -
In contract
Jun 27, 2026 Listed by WNY Metro Roberts Realty $269,000
Listed by WNY Metro Roberts Realty

Property Highlights

Parking Details
Parking Features: Concrete, ParkingAvailable, TwoOrMoreSpaces
Interior Details
Full Bathrooms: 4
Interior Features: Storage, Natural Woodwork, WindowTreatments
Appliances: Gas Water Heater
Flooring Type: Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies, Vinyl
Basement: Full, Sump Pump
Exterior Details
Has Property Attached
Square Footage: 5139
Property Condition: Resale
Architectural Style: Fourplex
Year Built: 1943
Building Area Total: 5139
Levels: Two
Window Features: Drapes, ThermalWindows
Construction Materials: Block, Frame, Concrete, Vinyl Siding, CopperPlumbing, PexPlumbing
Patio and Porch Features: Covered, Porch, Open
Lot Features: Near Public Transit, Rectangular Lot, Rectangular, ResidentialLot
Lot Size Area: 0.4594
Lot Size Units: Acres
Lot Size Acres: 0.4594
Lot Size Square Feet: 20012
Lot Size Dimensions: 133X150
Tax Lot: 2
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $135,000
Tax Annual Amount: $6,952
Utilities Details
Heating Type: Natural Gas, Forced Air
Sewer : Connected

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Building Info

63 Winstead Road 63 Winstead Road, Buffalo, NY 14218
  • 1 Unit for Sale
More about this Building
63 Winstead Road
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About Lackawanna


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