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Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,590 sqft
Price per Sqft $92
MLS Listing ID B1611639
Sold Date 01/15/26
Bedrooms 4
Construction Status Existing
HOA Y/N No
Year Built 1930
Annual Tax Amount $9,595
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 50X200
Property Sub-Type Other
Property Description
This is a prime investment opportunity in one of Buffalo's most sought-after neighborhoods. Located just outside the vibrant Elmwood Village, this fully occupied five-unit property at 373 Elmwood Ave is perfectly positioned between some of the area's best restaurants, nightlife, and the bustling Allentown district. The building features two 1 bedrooms, two 2 bedrooms, and 1 studio, which was most recently rented and new finishes. Throughout the property, you'll find charming white kitchens, with two units showcasing decorative fireplaces and one unit offering a private balcony.
The property includes a clean, well-maintained city basement with shared laundry facilities for tenant convenience. A large concrete lot behind the house provides ample off-street parking, a rare and valuable feature in this area. All units are currently leased, ensuring immediate rental income for the new owner. Public transit and downtown Buffalo are easily accessible, making it an attractive location for tenants.
From an investment perspective, this property benefits from strong rental demand in a high-growth market with limited inventory and rising property values. It has been professionally managed and maintained to ensure a smooth ownership transition. We can provide a full history of rent, renovations and upkeep upon request. This is an ideal turnkey asset for investors or property managers seeking stable cash flow in one of Buffalo's most dynamic neighborhoods.
Don't miss this rare chance to add a well-maintained, high-performing property to your portfolio. Contact us today for financials, rent roll, and to schedule a private tour.
Location
State NY
County Erie
Area Buffalo City-140200
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Flooring Carpet, Hardwood, Laminate, Varies
Fireplaces Number 1
Furnishings Unfurnished
Fireplace Yes
Appliance Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Exterior
Exterior Feature Concrete Driveway
Community Features None
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Vinyl Siding
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-100-540-0001-033-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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