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856 Ridge Rd 4 Unit Apartment Building $430,000 ($107,500/Unit) Lackawanna, NY 14218
Executive Summary
Exceptional mixed-use investment opportunity at 856 Ridge Rd. This well-maintained corner property features 1 retail/office commercial space, 3 residential units, and an additional parking lot directly across the street — offering strong income potential and endless flexibility for investors or owner-occupants. The property includes a spacious 2-bedroom apartment, a large 4-bedroom upper unit, and a fully renovated walk-out 1-bedroom lower apartment with in-unit laundry and direct garage access. Separate entrances throughout provide privacy and functionality for both residential and commercial use. Recent improvements include a 50-year asphalt shingle roof (2021), double-pane vinyl windows, four high-efficiency furnaces, updated sidewalks (2021), and new blacktop on the additional parking lot (2021). Additional highlights include zoned heating/cooling, central air, attached 2.5-car garage, elevator access, fenced yard with gazebo and hot tub, plus the additional parking lot across the street known as the “Rose Gardens.” Conveniently located near downtown Buffalo and major thruways, this turn-key property is ideal for investors seeking multiple income streams, live/work potential, or long-term upside in a growing area.
Property Facts
| Price | $430,000 | Lot Size | 0.07 AC |
| Price Per Unit | $107,500 | Building Size | 4,760 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 2.73/1,000 SF |
| Building Class | C | ||
| Zoning | Multi-Use | ||
| Price | $430,000 |
| Price Per Unit | $107,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,760 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | Multi-Use |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+4 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 140900-142-310-0002-018-000 | Improvements Assessment | $197,700 |
| Land Assessment | $11,300 | Total Assessment | $209,000 |
Property Taxes
Parcel Number
140900-142-310-0002-018-000
Land Assessment
$11,300
Improvements Assessment
$197,700
Total Assessment
$209,000
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856 Ridge Rd
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