373 Elmwood Ave Buffalo, NY 14222
Elmwood-Bryant NeighborhoodEstimated payment $3,144/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: B1611639

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