2961 Bailey Ave Buffalo, NY 14215
Kensington-Bailey NeighborhoodEstimated payment $3,161/month
Highlights
- Property is near public transit
- Wood Flooring
- Radiator
About This Home
2961 Bailey Ave – Prime Investment Opportunity! Discover a well-maintained multi-family property in the heart of Buffalo, offering 10 income-generating units including a mix of one-bedroom, two-bedroom, three-bedroom, and a studio apartment. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $900 per month, bringing in a solid monthly gross income of $8,100 and an annual gross potential of $97,200. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns. Don't wait. Don't wait to lose this opportunity to own this cash-cow investment property. Showing starts immediately!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,560
Year Built
- Built in 1936
Lot Details
- 4,905 Sq Ft Lot
- Lot Dimensions are 45x109
- Flag Lot
Home Design
- Brick Exterior Construction
- Frame Construction
- Vinyl Siding
Interior Spaces
- 10 Bedrooms
- 7,532 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Parking
- No Garage
- Driveway
Location
- Property is near public transit
Utilities
- Radiator
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 10 Units
- 1 Separate Gas Meter
Listing and Financial Details
- Tax Lot 46
- Assessor Parcel Number 140200-090-410-0009-046-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,300 | $315,900 | $19,600 | $296,300 |
| 2024 | $1,300 | $232,000 | $5,200 | $226,800 |
| 2023 | $1,206 | $232,000 | $5,200 | $226,800 |
| 2022 | $1,167 | $232,000 | $5,200 | $226,800 |
| 2021 | $1,167 | $232,000 | $5,200 | $226,800 |
| 2020 | $539 | $232,000 | $5,200 | $226,800 |
| 2019 | $2,692 | $70,000 | $4,900 | $65,100 |
| 2018 | $2,488 | $70,000 | $4,900 | $65,100 |
| 2017 | $416 | $70,000 | $4,900 | $65,100 |
| 2016 | $2,343 | $70,000 | $4,900 | $65,100 |
| 2015 | -- | $70,000 | $4,900 | $65,100 |
| 2014 | -- | $70,000 | $4,900 | $65,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/25/2026 04/25/26 | For Sale | $499,900 | +88.6% | $66 / Sq Ft | |
| 10/24/2022 10/24/22 | Sold | $265,000 | -18.5% | $35 / Sq Ft | View Prior Sale |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- | |
| 07/21/2022 07/21/22 | Price Changed | $325,000 | -13.3% | $43 / Sq Ft | |
| 06/17/2022 06/17/22 | Price Changed | $375,000 | -11.8% | $50 / Sq Ft | |
| 05/09/2022 05/09/22 | For Sale | $425,000 | -- | $56 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1676437
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