$440,000
$80K PRICE DROP

Estimated payment $3,144/month

Total Views 6,475
4 Beds
-- Bath
4,590 Sq Ft
$96 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Wood Flooring
  • Hot Water Heating System
  • Property is near public transit
  • 1 Fireplace
  • Rectangular Lot

About This Home

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.

Listing Agent

Paulette Gullo

Listing by Carl P. Paladino License #10351203558 Listed on: 06/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,595

Year Built

  • Built in 1930

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50x200
  • Rectangular Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 4 Bedrooms
  • 4,590 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • No Garage
  • Driveway

Location

  • Property is near public transit

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 5 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 140200-100-540-0001-033-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,595

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Electricity, Heat, Hot Water, Snow Removal, Trash Collection, Water
  • Year Built: 1930
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.23
  • Waterfront: No
  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Concrete Driveway

Garage/Parking

  • Parking Features: One Space, No Garage

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-100-540-0001-033-000
  • Lot Dimensions: 50X200
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 9595.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2025 09/12/25 Price Changed $440,000 -8.3% $96 / Sq Ft
08/13/2025 08/13/25 Price Changed $480,000 -7.7% $105 / Sq Ft
06/12/2025 06/12/25 For Sale $520,000 -- $113 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1611639

Western New York Real Estate Information Services (WNYREIS)