The Key To Your Dream Investment Property is here at 5140 Kraus Rd in Clarence, NY ! This Multi Family home has been remodeled & is Move in Ready ! Location is appealing and close to all your shopping & dining needs and within minutes of all the Top Rated Clarence Schools. Enjoy nearby attractions that offer all your lifestyle needs both day & night such as; Clarence Town Park, Clarence Center * 4 Corners, Clarence Hollow, Clarence Bike Trail, Pickle Ball Courts & of course plenty of dining options. Curb appeal highlights a newly poured concrete porch with new landscaping, freshly sealed blacktop driveway for 4-6 cars, tons of green space in the front & backyard and an oversized shed. Almost the entire home has had replacement windows done. Upon Entering you'll notice the improvements throughout. Side Entryway shares a Mudroom with Basement access that offers plenty of storage. Both Units have their own designated Laundry Rooms. Renovated 3 Bedroom Upper Unit has an all new Eat In Kitchen, luxury vinyl plank flooring , New Carpet, LED lighting, drywall redone and fully painted throughout. 1 Full Bath w/ Shower-Tub Combo and single vanity complete the upper unit. Two Bedroom Lower unit has Eat in Kitchen, hardwood flooring, newer carpet & two full baths updated. Lower unit has large bedrooms , a spacious living room and a front entryway that leads to a covered porch to relax and enjoy. Have some peace of mind with updated mechanicals; newer boiler & dual water tanks, new plumbing & electrical , Roof- 2015 Tear Off, Exterior of Home Painted 2020. This Investment Property or Owner Occupied Home is Move in ready & A MUST SEE To Appreciate. Some Rooms have been virtually staged for design and layout.
Multi-familyProperty Type
1890Year Built
0.45 acresLot Size
$147Est. Price/Sq.Ft.
2 spacesParking
Listing by John Santora III• Keller Williams Realty WNY
•716-832-3300 (broker)
•Klrw438@kw.com (broker)
Contact: 716-908-4304
Bought with David Augustynek• HUNT Real Estate ERA
Owner will consider offers of 220-260k or higher (VRP- Value Range Pricing) on this great 2 unit home located in Clarence! Updated lower unit features 2 bedrooms and two full baths. Newer kitchen, bathrooms, flooring and electric. Master bedroom with master bath! Upper unit with 3 bedrooms and 1 full bath has update floors in kitchen and bath. Roof (tear off) 2015, exterior of home painted 2020, 90% of windows replaced. Home also has a shed and driveway with 4 parking spaces.
WNYREIS #B383614
Jul 25, 2011
Sold
$137,800
$52/sq ft
Apr 17, 2011
Listed
$137,800
$52/sq ft
This 2 unit features 2 bedroom 1 bath and formal living room in the lower and 3 bedrooms 1 bath living room and laundry room in the Upper. Great tenants and Rents total $1350 House in the precess of being repainted Huge Full dry basement Some new Windows New Driveway with plenty of Parking & Covered Porch Architectural Roof Wonderful parklike Setting Owner to Sell MLX # B383611 in combination with this property. Buyer to verify taxes and Room Sizes Please
Year
Property tax
Land + Additions
Assessment*
2025
$4,186 (−0.6%)
$50,400 + $209,600
$260,000
2024
$4,211 (−1.2%)
$50,400 + $209,600
$260,000
2023
$4,264 (+1.8%)
$50,400 + $157,600
$208,000
2022
$4,188 (−0.2%)
$50,400 + $157,600
$208,000
2021
$4,198 (+4.7%)
$50,400 + $157,600
$208,000
2020
$4,010 (+1.3%)
$32,200 + $147,800
$180,000
2019
$3,960 (+0.5%)
$32,200 + $147,800
$180,000
2018
$3,939 (+0.5%)
$32,200 + $147,800
$180,000
2017
$3,920 (+12.1%)
$32,200 + $137,800
$170,000
2016
$3,496 (+1.0%)
$32,200 + $137,800
$170,000
2015
$3,463 (+25.1%)
$32,200 + $137,800
$170,000
2014
$2,769
$32,200 + $137,800
$170,000
Tax history for 5140 Kraus Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,186 (−0.6%)
$50,400 + $209,600
$260,000
2024
$4,211 (−1.2%)
$50,400 + $209,600
$260,000
2023
$4,264 (+1.8%)
$50,400 + $157,600
$208,000
2022
$4,188 (−0.2%)
$50,400 + $157,600
$208,000
2021
$4,198 (+4.7%)
$50,400 + $157,600
$208,000
2020
$4,010 (+1.3%)
$32,200 + $147,800
$180,000
2019
$3,960 (+0.5%)
$32,200 + $147,800
$180,000
2018
$3,939 (+0.5%)
$32,200 + $147,800
$180,000
2017
$3,920 (+12.1%)
$32,200 + $137,800
$170,000
2016
$3,496 (+1.0%)
$32,200 + $137,800
$170,000
2015
$3,463 (+25.1%)
$32,200 + $137,800
$170,000
2014
$2,769
$32,200 + $137,800
$170,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
3
Stories
2
Lot width
126 ft.
Lot depth
157 ft.
Lot size
0.45 Acres
Year renovated
—
Sq. Ft.
2,625
Year built
1890
Style
Multi-Family (2-4 Unit)
County
Erie County
APN
143200A0582000001011300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 12, 2026.
Property details
Parking
Parking
Features: Paved, Two Or More Spaces
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Room Information
Has Basement
Basement Information: Full, Sump Pump
Laundry Information
Features: Washer Hookup
Equipment
Appliances: Gas Water Heater
Interior Features
Flooring: Carpet, Hardwood, Varies, Vinyl
Other Features: Ceiling Fan(s)
Multi Unit Information
# Of Units Total: 2
# Of Units In Community: 2
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 2
Multi Unit Financial Information
Operating Expense Includes: See Remarks
Unit Type 1
Unit Description: Dishwasher,Oven/ Range,Refrigerator,Eat-In Kitchen,Laundry-In Unit,Living Room
# of Bedrooms: 3
# of Bathrooms Total: 1
# of Full Bathrooms: 1
Actual Rent Range: 0
Unit Type 2
Unit Description: Oven/ Range,Refrigerator,Eat-In Kitchen,Laundry-In Unit,Living Room,Porch
# of Bedrooms: 2
# of Bathrooms Total: 2
# of Full Bathrooms: 2
Actual Rent Range: 0
Exterior
Building Information
Stories: 2
Stories (Total): 2
Year Built Details: Existing
Roof Details: Shingle
Construction Details: Shake Siding, Copper Plumbing
Lot Information
Lot Size Area: 0.4541
Lot Size Acres: 0.4541
Lot Size Dimensions: 126X157
Lot Features: Irregular Lot, Residential Lot
Road Frontage Type: City Street
Property Information
Foundation Details: Block, Stone
Resale
Financial
Assessments and Fees
Assessed Value: $260,000
Tax Information
Annual Tax Amount: $4,211
Rental Information
Owner Pays: Other, See Remarks
Rent Includes: See Remarks
Utilities
Utility Information
Utilities: Water Connected
Sewer: Septic Tank
Water Source: Connected, Public
Heating & Cooling
Has Heating
Heating: Gas, Forced Air, Hot Water
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,625
Stories: 2.0
Lot Size: 0.45 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Erie County
APN: 143200A0582000001011300
Home facts updated by county records on Aug 12, 2026
Around this home
Schools
Ledgeview Elementary School
Public K-5 • Assigned • 1.2mi
9/10
Clarence Middle School
Public 6-8 • Assigned • 0.6mi
7/10
Clarence Senior High School
Public 9-12 • Assigned • 1.2mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Clarence, NY • 14031
Average low and high temperatures (°F)
28
18
31
18
49
30
58
39
64
47
77
59
83
64
78
59
76
54
62
43
48
35
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 2.2 hours in December, placing it below the
U.S. average for solar exposure.
9.4 hrs
2.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$368,000 – $446,000
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