38-40 Lambert Avenue, Pomfret, New York 14063
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$224,900 USD

Multi Family Home for Sale, 38-40 Lambert Avenue, Pomfret, New York 14063

  • MLS#B1698996
  • 8
  • 4
  • 215 m² (2,312 ft²)

Listed By CENTURY 21 North East

The Multi Family Home for Sale located at 38-40 Lambert Avenue, Pomfret, New York 14063 is currently for sale. 38-40 Lambert Avenue, Pomfret, New York 14063 is listed for $224,900. This property has 8 bedrooms, 4 bathrooms.

Date Updated : Jul 26, 2026

Property features

Property

  • Property size: 215 m² (2,312 ft²)
  • Features: Patio

Lot/Land

  • Land/Lot size: 1,942 m² (0.48 ac)

Construction

  • Year built: 1872

Bedrooms

  • Bedrooms: 8

Bathrooms

  • Total bathrooms: 4
  • Full bathrooms: 3
  • ½ bathrooms: 1

Interior Features

  • Floors: LaminateWall To Wall Carpeting

Exterior Features

  • Outdoor spaces: Patio
  • Carport spaces:

Heating and Cooling

  • Heating system: BaseboardForced AirGas

Utilities

  • Other utilities: Municipal Water

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 offer excellent opportunity for additional cash flow. Each apartment is separately metered for gas and electric, allowing tenants to pay their own utilities and helping reduce owner expenses. Best of all, this is a truly turnkey investment-all furniture, furnishings, and contents are included in the sale, allowing the next owner to step in and begin operating immediately. Whether you're looking to expand your investment portfolio, capitalize on the consistent student rental market, or own a low-maintenance income-producing property in a prime location, 38 Lambert Ave checks all the boxes. Don't miss this rare opportunity to own a fully equipped multi-family property just minutes from campus, downtown Fredonia, restaurants, shopping, and local amenities. Showings begin immediately, offers will be reviewed as they are received.

Location

38-40 Lambert Avenue, Pomfret, New York 14063

38-40 Lambert Avenue, Pomfret, New York 14063