68 Tyler Street, Lancaster, NY 14043

Property Description

Excellent opportunity for investors or owner-occupants in the Village of Depew! This beautifully updated 3-unit property features two 2-bedroom units in the main house plus a completely renovated detached rear cottage. With only one unit currently occupied, a new owner has the flexibility to choose which vacant unit to occupy or place their own tenants and establish rents. The charming Victorian-style main house features a beautiful wraparound porch, large windows offering an abundance of natural light, original natural woodwork, exposed brick, and plenty of character throughout. All three units have been extensively updated with renovated kitchens and bathrooms, updated appliances, new vinyl flooring and carpeting, fresh paint, and subway tile accents throughout portions of the kitchens and baths. Many windows have been replaced, including all new windows in the rear cottage. The detached cottage underwent a complete gut renovation with everything new throughout, including a new mini-split heating and A/C system. Major mechanical updates include three new hot water tanks in 2026, both main-house furnaces less than 2 years old, and a new sump pump in 2025. Roof is approximately 12 years old. Each unit has separate gas and electric utilities, ample off-street parking, and private outdoor space. Laundry hookups are available in the basement. The upper unit is currently rented for $1,400/mo, while the lower unit and cottage are vacant. Projected rents are $1,400/mo for the lower and $900/mo for the cottage, offering total potential rental income of $3,700/mo. Ideally located just steps from Transit Road with convenient access to an abundance of restaurants, shopping, pubs, entertainment, and everyday conveniences. Lower unit, basement, and rear cottage can be viewed anytime. Upper unit showings after 5:15pm weekdays with additional availability on weekends. Open House Saturday 10/10 from 11am-1pm.