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856 Ridge Rd 4 Unit Apartment Building $599,622 CAD ($149,906 CAD/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 | $599,622 CAD | Lot Size | 0.07 AC |
| Price Per Unit | $149,906 CAD | 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 | $599,622 CAD |
| Price Per Unit | $149,906 CAD |
| 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 | $275,687 CAD |
| Land Assessment | $15,758 CAD | Total Assessment | $291,444 CAD |
Property Taxes
Parcel Number
140900-142-310-0002-018-000
Land Assessment
$15,758 CAD
Improvements Assessment
$275,687 CAD
Total Assessment
$291,444 CAD
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856 Ridge Rd
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