For Sale
Multi family home for sale at 38-40 Lambert Ave, Fredonia, NY 14063 | MLS# B1698996 | Listing updated on 2026-09-14
Photo 1 of Multi family home for sale at 38-40 Lambert Ave, Fredonia, NY 14063 | MLS# B1698996 | Listing updated on 2026-09-14
Photo 2 of Multi family home for sale at 38-40 Lambert Ave, Fredonia, NY 14063 | MLS# B1698996 | Listing updated on 2026-09-14
Photo 3 of Multi family home for sale at 38-40 Lambert Ave, Fredonia, NY 14063 | MLS# B1698996 | Listing updated on 2026-09-14
Photo 4 of Multi family home for sale at 38-40 Lambert Ave, Fredonia, NY 14063 | MLS# B1698996 | Listing updated on 2026-09-14
42+
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Street View

$209,900

Monthly Est:$1,045

  • Beds Icon8 Beds
  • Beds Icon
    4 Baths
  • Beds Icon2,312sqft

38-40 Lambert Ave, Fredonia, NY 14063

$1,045/moEst:

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  • Multi Family

  • Built in 1872

  • $-- HOA

  • 0.48 acre lot

  • $91/sq.ft

Description

Exceptional turnkey investment opportunity in the heart of Fredonia! Perfectly positioned at 38 Lambert Ave, this fully furnished three-unit property is located less than a five-minute drive from SUNY Fredonia, making it an ideal addition to any investor's portfolio. With strong rental demand driven by the nearby university, this property offers outstanding income potential from day one. The building features a spacious mix of units, including a 4-bedroom, 1.5-bath, 3-bedroom, 1-bath, and 1-bedroom, 1-bath apartment, providing flexibility to attract a variety of tenants. The 3-bedroom unit is already generating $2,000 per month in rental income, while the remaining units ...

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  • Houzeo last checked: 3 minutes ago
  • Listing updated: September 14, 2026 at 4:27 pm
  • Listing Provided by: Tyler Ehde (716) 317-4627 DRE #10401363073, Carol Klein (716) 671-3344 DRE #10401311485 | Century 21 North East (716) 689-4000
  • Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: B1698996 New York State Alliance of MLSs, Buffalo-NY

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    1

  • County

    Chautauqua County

  • City

    Fredonia

  • Neighborhood

    --

  • Year Built

    1872

  • HOA Fees

    -

  • Finished Area

    2,312 sqft

  • Lot Size

    0.48 acre lot

  • Basement Area

    - sqft

  • MLS Name

    New York State Alliance of MLSs, Buffalo

  • MLS Number

    B1698996

  • MLS Status

    Active

  • Days on Market

    66

  • Cumulative Days on Market

    60

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 8

    Bathrooms: 4

Interior

  • Appliances

    Gas Water Heater

  • Sewer

    Connected

  • Exterior Features

    Patio

  • Flooring

    Carpet, Laminate, Resilient, Varies

  • Interior Features

    Ceiling Fans, Bedroom On Main Level

  • Heating

    Gas, Baseboard, Forced Air, Wall Furnace

Construction

  • Year Built

    Year Built: 1872

  • Home type

    Multi Family

  • Property Condition

    Resale

  • Architectural Style

    Triplex

  • Construction Materials

    Brick, Vinyl Siding

  • Foundation Details

    Slab

Utilities & Energy

  • Utilities

    Electricity Connected, Sewer Connected, Water Connected

  • Water Source

    Connected, Public

  • Parking Features

    Gravel, Parking Available, Two Or More Spaces

  • Basement

    None

Other Features

  • Patio And Porch Features

    Patio

  • Lot Features

    Rectangular, Rectangular Lot, Residential Lot

Price History

DateEventPrice

08/06/2026

Source: mls_logoNew York State Alliance of MLSs, Buffalo-NY #B1698996

Price Decreased

$209,900 -4.55%

$91/sqft

08/03/2026

Source: mls_logoNew York State Alliance of MLSs, Buffalo-NY #B1698996

Price Decreased

$219,900 -2.22%

$95/sqft

07/16/2026

Source: mls_logoNew York State Alliance of MLSs, Buffalo-NY #B1698996

Listed for Sale

$224,900

$97/sqft

Based on data from the New York State Alliance of MLSs (CNYIS, Inc., UNYREIS and WNYREIS) through Sep 21, 2026, 05:45AM.. All information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable by is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 the New York State Alliance of MLSs. All Rights Reserved.

Advertising Broker: Mark Karten | Karten Real Estate Services

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