Unlock the door to financial freedom with this rare 3-unit multi-family estate in the heart of Springville. 82 N Central Ave is a sprawling, 4,256-square-foot Victorian that masterfully blends 1870s architectural character with modern income-generating potential.
With a recent $5,000 price reduction, the seller is now entertaining offers within a VR (Value Range) of $194,899 to $249,900. Whether you are a seasoned investor or an owner-occupant looking to “house-hack” and live mortgage-free, this property is a standout in the Western New York market.
Property Investment Profile
Value Range Pricing: $194,899 – $249,900
Total Living Space: 4,256 sq. ft.
Configuration: 3 Independent Units
Bedrooms: 7 Total
Bathrooms: 3 Full
Year Built: 1870
Bonus Asset: Massive 3-Car Detached Garage
The Ultimate “House-Hack” or Portfolio Addition
In today’s economic climate, multi-family properties in walkable village centers are the most resilient assets. 82 N Central Ave offers three distinct paths to value:
The Investor’s Cash Cow: With three separate units already generating steady cash flow, this is a “plug-and-play” addition to any rental portfolio.
The Owner-Occupant Strategy: Live in one unit and let the rental income from the other two units pay your entire mortgage and property taxes.
The Restoration Vision: For those who value historic preservation, this 4,200+ sq. ft. structure could be reimagined as a grand, single-family Victorian manor.
Architectural Character & Modern Utility
Built in 1870, the property retains the grand proportions of the Victorian era. The high ceilings and large windows create bright, airy living spaces that tenants love.
Storage & Revenue: The large 3-car garage is a rare find for a village property. It can be used for owner storage, rented out to tenants for additional monthly revenue, or utilized as a workshop.
Versatile Layouts: With 7 bedrooms distributed across three units, the property offers flexible living arrangements that cater to a wide range of tenant profiles, from single professionals to larger families.
Location: The Heart of Springville’s Village Center
Springville is renowned as one of Western New York’s most welcoming and stable communities. Residents of 82 N Central Ave enjoy a “car-optional” lifestyle:
Walkable Amenities: Just steps away from the vibrant village center, featuring local artisan restaurants, boutique shops, and community events.
Commuter Friendly: Easy access to the 219 Expressway, making the commute to Buffalo or the southern ski resorts fast and efficient.
Community Growth: Springville continues to see steady demand for quality rentals, ensuring low vacancy rates for the next owner.
Financial Summary
At the lower end of the VR pricing, this property is listed at an incredible $45 per square foot. In a market where construction costs are rising, acquiring 4,256 square feet of income-producing real estate at this price point is an exceptional opportunity.
Listing by: WNY Metro Roberts Realty (716-559-9972) Agent: Hayleigh Federowicz MLS#: B1636174 | NYSAMLSs
From Zillow
