Seller's Agent in 2025
Sabbir Ahmed
Towne Housing Real Estate
(929) 424-0890
6 in this area
138 Total Sales
2961 Bailey Ave Buffalo, NY 14215
Kensington-Bailey Neighborhood
--
Bed
--
Bath
7,532
Sq Ft
4,905
Sq Ft Lot
Highlights
- Property is near public transit
- Baseboard Heating
- Rectangular Lot
- Wood Flooring
About This Home
As of October 20222961 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!
Last Agent to Sell the Property
Listing by Class A Real Estate License #37MO0845884 Listed on: 05/09/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,382
Year Built
- Built in 1936
Lot Details
- 4,905 Sq Ft Lot
- Lot Dimensions are 45x109
- Rectangular Lot
Home Design
- Brick Exterior Construction
- Frame Construction
- Vinyl Siding
- Copper Plumbing
Interior Spaces
- 7,532 Sq Ft Home
- 3-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Free-Standing Range
Flooring
- Wood
- Vinyl
Parking
- 3 Parking Spaces
- No Garage
- Driveway
Location
- Property is near public transit
Utilities
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Rent includes all utilities
- Tax Lot 46
- Assessor Parcel Number 140200-090-410-0009-046-000
Community Details
Overview
- 8 Units
Building Details
- 1 Separate Gas Meter
- Operating Expense $11,912
- Gross Income $51,120
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2025 08/17/25 | For Sale | $499,900 | +88.6% | $66 / Sq Ft |
| 10/24/2022 10/24/22 | Sold | $265,000 | -18.5% | $35 / Sq Ft |
| 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)
Tax History
| 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 |
|---|---|---|---|---|
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Sabbir Ahmed
-
Wilma Moman
Seller's Agent in 2022
Wilma Moman
Class A Real Estate
(716) 836-9161
4 in this area
23 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1404000
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