About this home

**FIVE-UNIT INVESTMENT OPPORTUNITY IN THE VILLAGE OF BLASDELL!** Whether you're looking to make your first real estate investment or add another income-producing property to your portfolio, 124 Lake Avenue offers an exciting opportunity to get started or continue growing! This substantial multifamily property features approximately 5,502 square feet with a versatile mix of three 1-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments. Each apartment offers its own kitchen, bathroom, and living space, while the building features a combination of original woodwork, architectural character, and various interior finishes. With opportunities for cosmetic updates and improvements throughout, buyers have the flexibility to make upgrades over time while exploring the property's long-term rental potential. For those entering the investment market, this five-unit property offers an opportunity to establish a rental portfolio with multiple units under one roof. Seasoned investors will appreciate the unit count, value-add potential, and opportunity to evaluate future rental income growth. Conveniently situated in the Village of Blasdell, near local restaurants, shopping, and major roadways, the property offers accessibility to the surrounding Southtowns and Buffalo area. Whether you're ready to purchase your first investment property or expand an established portfolio, **124 Lake Avenue offers the space, flexibility, and opportunity to take that next step!**

Facts and features

Schools

• Blasdell Elementary School

  elementary · K-5 · 0.4 mi

  5

• Frontier Senior High School

  high · 9-12 · 2.1 mi

  6

• Frontier Middle School

  middle · 6-8 · 5.3 mi

  7

• Our Mother of Good Counsel School

  elementary · K-8 · 0.3 mi

• Our Lady Sacred Heart School

  elementary · K-8 · 1.7 mi

• Our Lady Of Victory

  elementary · K-8 · 1.9 mi

Price history

• Nov 6, 2026 · Price Changed$235,000
• Oct 12, 2026 · Listed$255,000
• May 14, 2025 · Listing Removed—
• May 7, 2025 · Listed For Rent$750
• Dec 6, 2018 · Listing Removed$575
• Nov 28, 2018 · Listed For Rent$575
• Nov 14, 2018 · Listing Removed$575
• Nov 9, 2018 · Listed For Rent$575

Tax history

• 2026$6,113 tax · $68,200 assessed
• 2025$6,000 tax · $68,200 assessed
• 2024$5,873 tax · $68,200 assessed
• 2023$5,710 tax · $68,200 assessed
• 2022$5,611 tax · $68,200 assessed
• 2021$4,018 tax · $68,200 assessed
• 2020$5,912 tax · $68,200 assessed
• 2018$6,285 tax · $68,200 assessed

Where it is