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Key Details
Sold Price $165,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,426 sqft
Price per Sqft $68
MLS Listing ID B1691061
Sold Date 09/17/26
Style Duplex
Bedrooms 6
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1915
Annual Tax Amount $2,149
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 41X138
Property Sub-Type Duplex
Property Description
723 Kensington Ave in the 14215 presents a rare opportunity for both investors & owner-occupants to secure a property with immediate income, long-term upside, & exceptional value. This solid 3/3 double offers the perfect combination of stability & future growth, featuring a long-term lower tenant of more than 20 years who pays $550 per month plus utilities. While providing reliable income from day one, the current rent is well below today's market rates for a three-bedroom apartment, creating a clear value-add opportunity for investors seeking increased cash flow & stronger returns over time. For owner-occupants, this property offers an ideal house-hacking opportunity. Live comfortably in the bright & spacious upper unit while rental income from the lower apartment helps offset a significant portion of your monthly mortgage payment. It's an excellent way to build equity while enjoying the benefits of homeownership at a reduced cost. The home itself is loaded with desirable features, including separate utilities, high ceilings, updated windows in the upper unit, a full basement w/ laundry hookup for each apartment, & a walk-up attic that offers tremendous potential for additional storage, or future improvements. Outside, the large front porch provides a welcoming space to relax, while the rare off-street parking for three or more vehicles adds convenience & value! Situated near the Kensington & Bailey Avenue corridors, the property offers easy access to shopping, dining, public transportation, schools, & everyday conveniences. It's just minutes from major employers & institutions, including ECMC, & Buffalo Niagara International Airport, helping support strong rental demand & long-term investment potential. Buffalo's affordable housing market, steady population growth, & continued investment throughout the city have made multi-family properties like this increasingly attractive. Whether you're looking to add a cash-flowing asset to your portfolio, generate wealth through rental income, or purchase a home that helps pay for itself, this delivers. Immediate income, significant upside potential, desirable property features, & a convenient location, Here's YOUR VAULE!
Location
State NY
County Erie
Area Buffalo City-140200
Direction FILMORE TO KENSINGTON OR BAILEY TO KENSIGNTON
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Laminate, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Balcony
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Porch Balcony
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot
Story 3
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Structure Type Composite Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-090-460-0006-004-000
Acceptable Financing Cash, Conventional, Rehab Financing
Listing Terms Cash, Conventional, Rehab Financing
Financing Conventional
Special Listing Condition Standard
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Bought with WNY Metro Roberts Realty
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