Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6 Beds
2 Baths
1,600 sqft

$289,000

35 Cowing Street, Lancaster NY, 14043

Price per sqft$180.63
Built in1900
Property size1,600 sqft
Property typeMulti-family

Overview

Active

Listed Aug 7, 2026

Updated 3 days ago

Turnkey multi-family investment opportunity in the Village of Lancaster! This high-performing double features two spacious 3-bedroom apartments generating $2,900 in total gross monthly rent, with the downstairs unit currently leased for $1,550 and the upstairs unit for $1,350. The downstairs unit will be delivered vacant by closing, presenting a flexible opportunity for owner-occupants, house-hackers, or investors seeking to place a new tenant at current market rates. All major mechanicals and high-ticket capital improvements have been completed, including a new main sewer line with a transferable 5-year warranty installed in 2025, new hot water tanks in 2025, and a full tear-off roof with gutters completed in 2020. Unlocked asset upside remains with a detached 2-car garage, sunroom office, partially finished attic, and basement storage that offer immediate potential for additional rental income. Separate utilities split responsibility cleanly between units.

$1,923/mo

Est. mortgage payment based on a $289,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
B1704607

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$3,441
Tax Frequency
Annually
Garage
Yes
MLS provider logo

 

Courtesy of HUNT Real Estate ERA, Victor Bandriwsky

Disclaimer: Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Perfect Place shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings are marked with the IDX logo and include the Listing Broker’s Firm Name. 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Perfect Place, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

©2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Data last updated 5:14 AM UTC, 10/6/2026

Powered by Luxury Presence