Great opportunity to buy a clean, cash flowing asset. Start or add to your portfolio with this amazing property. 4 apartments with a consistent history of tenancy and payments. 2/1 layouts with off street parking. Walkable neighborhood close to Cattaraugus Creek and Zoar Valley. Residents in the Village of Gowanda enjoy a tight knit small-town lifestyle.
Welcome to 119 Chestnut Street in the Village of Gowanda, an income producing property offering strong updates and great investment potential. Both the upper and lower apartments have been recently refreshed with new paint, updated flooring, and fully remodeled bathrooms. The lower unit features all new windows installed in 2025, a recently serviced and flushed hot water tank, and a back porch finished with low maintenance Trex decking, adding great tenant appeal. The upper apartment also includes a newer hot water tank. Major mechanical and exterior improvements provide peace of mind, including a newer metal roof (installed prior to current ownership), a brand-new gutter system in 2025 (approximately $12,000 investment), and updated glass block windows in the basement. Whether you're looking to expand your portfolio or owner occupy while generating rental income, this property offers a strong combination of updates, functionality, and long-term value.
Rare multi-family opportunity in the Village of Gowanda offering approximately 2,652 sq ft, 5 bedrooms, 2 full baths, and a detached 2-car garage on a generous lot. This duplex features a large footprint, classic 2-story design, and additional porch space, creating strong potential for rental income, owner-occupancy, or value-add improvement. Hard-to-find lot size offers added appeal and flexibility. Convenient location close to village amenities and everyday services. Tax Maps do not accurately reflect the parcel size or boundaries.

Gowanda is located in New York. Gowanda, New York has a population of 3,263. Gowanda is more family-centric than the surrounding county with 32.03% of the households containing married families with children. The county average for households married with children is 27%.
The median household income in Gowanda, New York is $44,515. The median household income for the surrounding county is $53,537 compared to the national median of $69,021. The median age of people living in Gowanda is 34 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 44.3 inches per year, with 88.7 inches of snow per year.