UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $64
MLS Listing ID B1674667
Style Duplex
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1930
Annual Tax Amount $1,325
Lot Size 3,001 Sqft
Acres 0.0689
Lot Dimensions 30X100
Property Sub-Type Duplex
Property Description
(Property will be fully vacant at closing).
When was the last time a Buffalo duplex hit the market at $100,000 with a Zestimate of $160,000 and comparable sales in the zip code ranging from $270,000–$330,000? Welcome to 279 Riverside Avenue — the deal you've been waiting for, and it's priced to move fast.
This 1,560 sq ft two-unit duplex features a vacant 3 bed/1 bath lower unit and a 2 bed/1 bath upper unit with a month-to-month tenant, separate electric and gas meters, a full basement, and a 2+ car detached garage. The lower unit is move-in ready for an owner-occupant or a new tenant, making this a true turn-key opportunity from day one.
Recent upgrades include a new HE furnace (2024), all new vinyl windows (2024), updated lower bathroom with new flooring and tub (2024), tear-off roof including the 2nd floor porch roof (~2 yrs), newer concrete sidewalk and driveway (2023), and updated electrical with circuit breakers (~6 yrs). Maintenance-free aluminum siding, glass block windows with vents, and a private 2nd floor porch for the upper unit make this a property tenants will love.
At $1,000/month per unit, the net operating income lands at $15,365/year — supporting a 10% cap rate valuation of over $153,000. Buy at $100K and walk into immediate equity. City of Buffalo Certificate of Compliance and Erie County Lead-Free Letter are already in hand — less work for you at closing.
Whether you're an investor, a flipper, or an owner-occupant ready to build wealth from the ground up, 279 Riverside checks every box at a price that simply doesn't come around often in this market.
Offers due Wednesday, April 30th by 5:00 PM.
Location
State NY
County Erie
Area Buffalo City-140200
Direction On Riverside between Ontario and Rano Street.
Rooms
Basement Full
Interior
Interior Features Natural Woodwork
Heating Gas, Forced Air
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Fence
Garage Spaces 2.0
Fence Partial
Utilities Available Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Garage Yes
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Foundation Block
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Structure Type Aluminum Siding,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-077-570-0003-009-000
Acceptable Financing Cash, Conventional, FHA, Rehab Financing, VA Loan
Listing Terms Cash, Conventional, FHA, Rehab Financing, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.giambrateam.com/listings/549007632813
Nearby Locations
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