A Grand 1900 Mansion with Timeless Architectural Appeal

ByUnited States

Historic Income-Producing Mansion in Fredonia, NY – A Rare Multi-Unit Investment Opportunity

Located in the charming village of Fredonia, this extraordinary property at 17 Central Avenue is far more than a traditional home—it is a fully operational income-producing historic mansion that blends architectural elegance with strong cash-flow potential.

Offered at $395,000, this 7-bedroom, 5-bathroom, 4,600-square-foot property stands as one of the most compelling investment opportunities currently available in Western New York.

Built in 1900, this striking property immediately captures attention with its:

  • Impressive brick exterior
  • Signature tower feature
  • Detailed trim work and ornate architectural elements

The home retains its historic charm while adapting to modern needs, offering a rare combination of aesthetic beauty and functional versatility. Large windows throughout flood the interior with natural light, enhancing both living spaces and rental appeal.

Configured for Income – 5 Apartments + Office Suite

What truly sets this property apart is its current configuration as a multi-family investment asset:

  • 5 fully rented residential units
  • 1 office suite (currently vacant)

This setup provides:

  • Immediate cash flow from existing tenants
  • Additional income potential from leasing the office space
  • Flexibility for owner-occupancy with rental income

The property has a long history as a multi-unit residence, making it ideal for investors looking to expand their portfolio with a stable, income-generating asset.

Spacious Layout with Strong Rental Appeal

With approximately 4,600 square feet, the building offers generous living space distributed across multiple units.

Key highlights include:

  • 7 total bedrooms and 5 full bathrooms
  • Functional layouts across all apartments
  • Bright interiors with large windows
  • Classic design elements that enhance tenant desirability

The combination of size and layout allows for diverse rental configurations, appealing to both individuals and families.

A Proven Investment Property with Upside Potential

All residential units are currently leased, providing immediate income from day one. Additionally, the vacant office suite offers:

  • Opportunity to increase total rental income
  • Potential conversion into another residential unit
  • Flexible use for business or live/work scenarios

Historically, the property has been used successfully as a multi-unit rental, and its structure supports continued income growth.

Prime Location Near SUNY Fredonia

The property’s location is another major advantage. Situated just minutes from SUNY Fredonia, it benefits from:

  • Consistent demand for student and faculty housing
  • A vibrant college-town atmosphere
  • Access to local shops, restaurants, and services

Fredonia is known for its welcoming community and proximity to Lake Erie, making it attractive for both long-term residents and renters.

Outdoor Space and Curb Appeal

The home sits on a spacious parcel with:

  • Mature trees and open green space
  • Strong curb appeal that enhances tenant attraction
  • A setting that balances privacy with accessibility

This outdoor environment adds value for both residents and future resale potential.

Property Details

  • 💲 Price: $395,000
  • 📍 Address: 17 Central Ave, Fredonia, NY 14063
  • 🛏 Bedrooms: 7
  • 🛁 Bathrooms: 5
  • 📐 Living Space: 4,600 sqft
  • 🏗 Year Built: 1900
  • 🏢 Type: Multi-Family (5 Units + Office)
  • 💼 Investment: Fully rented units + vacant office for added income
  • 🌳 Setting: Spacious lot with mature trees

From Zillow

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