Whether you're looking for a great affordable place to live and want to have your tenants help pay your mortgage or you're looking for a great investment opportunity, this is the place for you! The hard and expensive things have already been done! New tear-off roof and gutters on main building and new electric service in 2025! It features a nice 1 bedroom lower and also a 2 bedroom lower plus the 3 bedroom upper with a finished attic that could possibly be more bedrooms or a great rec room! Although there is no driveway there is a huge parking lot across the street owned by the city and also a beautiful park! Don't miss out on this one! Currently has a coin operated washer and dryer which the current owners let the tenants use for free but they can put back the coin boxes if you want. Offers will be reviewed as they come in, but the Seller reserves the right to set a deadline for offers.
This is a fantastic multi-unit apartment building that is a great opportunity for owner occupancy or investment purposes. It has 3 fully rented sources of income and can be modified should you desire. There is a public parking lot directly across the street that is free and available for use. This treasure is walking distance to Our Lady of Victory National Shrine and Basilica, Botanical Gardens and expanding Waterfront. Don’t overlook this terrific opportunity.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
32 ft.
Lot depth
137 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Erie County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 28, 2026.
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
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Lackawanna, NY • 14218
Average low and high temperatures (°F)
29
19
31
19
48
31
57
40
63
49
75
62
81
68
78
62
75
59
62
47
49
38
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 503-505 Ridge Rd
$234,625
$10K under list price of $245K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $115K to $265K.