$387,000
SOLD FEB 21, 2025
5 Beds
3 Baths
3,114 Sq Ft
5,265 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

6% Below List Price

20 Days on Market

Highlights

  • Deck
  • Patio
  • Baseboard Heating
  • Wood Flooring
  • Forced Air Heating System
  • 3 Car Garage

About This Home

As of February 2025

Prime 3-Unit Investment Property in Ideal Location – Fully Occupied!

Welcome to 48 Rand Avenue, a well-maintained, income-generating multi-family property featuring 3 fully-occupied units. This property boasts a solid rental history with a current rent roll of $3,010 per month, making it a fantastic opportunity for both investors and owner-occupants.

Property Features
Upper Unit: Spacious 3-bedroom, 1-bath unit with beautiful hardwood floors.
Lower Front Unit: Large 1-bedroom apartment offering ample living space.
Lower Rear Unit: Cozy 1-bedroom unit, perfect for tenants seeking comfort and affordability.
Parking: Off-street parking for 3 cars, including a covered garage.

Updates:
Vinyl siding installed (11-2014)
Complete tear-off roof with architectural shingles (6-2013)
New steam boiler for the upper unit (6-2016)
Various flooring and kitchen updates throughout the property
This low-maintenance property has been thoughtfully updated to ensure long-term durability and tenant satisfaction.

Don't miss out on this turnkey investment opportunity!

Last Agent to Sell the Property

Christopher Wietig

Listing by Buffalo Property Partners LLC Brokerage Email: chris@buffalopropertypartners.com License #10491205911 Listed on: 10/08/2024

Last Buyer's Agent

Fawne Carver

Listing by Keller Williams Realty WNY License #10401259523

Keller Williams Realty WNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1910

Lot Details

  • 5,265 Sq Ft Lot
  • Lot Dimensions are 39x135
  • Partially Fenced Property

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • 3,114 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes gardener, snow removal, water
  • Tax Lot 25
  • Assessor Parcel Number 140200-078-790-0002-025-000

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,537

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Snow Removal, Water
  • Year Built: 1910
  • Attribution Contact: chris@buffalopropertypartners.com
  • Lot Features: Other, See Remarks
  • Directions: Delaware or Edge Park to Rand Avenue
  • Architectural Style: Triplex
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Acres: 0.1209
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Fence, Patio
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garage, Paved, Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Baseboard, Forced Air
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-078-790-0002-025-000
  • Lot Dimensions: 39X135
  • Lot Size Sq Ft: 5265.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 36000.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5537.0
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2024
Sold by
Wietig Christopher P and Pomietlarz Justin T
Bought by
Hasnat Rifat
Current Estimated Value
$427,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,460
Interest Rate
6.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2009
Sold by
Llewellyn Associates
Bought by
Wietig Christopher P and Pomietlarz Justin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
5.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2005
Sold by
Bernhardt Sarah H
Bought by
Llewellyn Associates
Source: Public Records

Similar Homes in Buffalo, NY

  • 391 Hoyt St, Buffalo, NY 14213

    $288,000

    • 6 Beds
    • 2 Baths
    • 2,112 Sq Ft
    • 391 Hoyt St
    • Buffalo, NY

    Welcome to 391 Hoyt St, this updated 3/3 Double for Sale on Buffalo’s West Side, looking for a new owner. This charming duplex has two spacious, fully renovated units featuring modern kitchens and updated bathrooms. Both units boast sleek recessed lighting throughout, enhancing the contemporary feel. The property has been well-maintained with several new windows, a newer roof less than 10 years

    Rosalind Burgin Mootry Murphy & Burgin Realty Group LLC

    Section Image
  • 71 E Morris Ave Unit S, Buffalo, NY 14214

    $359,900

    • 4 Beds
    • 2 Baths
    • 2,590 Sq Ft
    • 71 E Morris Ave
    • Unit S
    • Buffalo, NY

    Open house Thursday 11:00am to 1:00pm. Welcome to this gorgeous full brick Multifamily, off of Main St. near UB & Canisius campuses and many amenities. The house offers generous layout with great size, living-dining combo, two bedrooms, bathroom and a kitchen. It has a lot of original character with hardwood floors, natural woodwork, fireplaces with flanking bookshelves, custom arched openings,

    Syed Rizvi Keller Williams Realty WNY

    Section Image
  • 230 Crandon Blvd, Buffalo, NY 14225

    $299,000

    • 5 Beds
    • 2 Baths
    • 1,911 Sq Ft
    • 230 Crandon Blvd
    • Buffalo, NY

    Charming two-family home in Cheektowaga with thoughtful updates and classic charm. This 3/2 bedrooms, 2-bath duplex offers modern conveniences in a convenient location, blending hardwood floors with updated finishes.Key features:Updated kitchen: stylish cabinets, modern countertops, and efficient appliances. Updated bathroom: fresh fixtures and finishes for a clean, contemporary feel.Hardwood

    Rosalind Burgin Mootry Murphy & Burgin Realty Group LLC

    Section Image
  • 532 Linden Ave, Buffalo, NY 14216

    $399,900

    • 6 Beds
    • 2 Baths
    • 2,432 Sq Ft
    • 532 Linden Ave
    • Buffalo, NY

    Well-Maintained North Buffalo Double — Ideal for Owner-Occupant or Investor. Welcome to this beautifully updated two-unit home in the heart of North Buffalo. Whether you're looking to owner-occupy or invest with confidence, this property offers both comfort and convenience. The upper unit is currently vacant and ready for immediate occupancy, while the lower unit is on a flexible

    Kevin McMullen Towne Housing Real Estate

    Section Image
  • 49 Fairchild Place, Buffalo, NY 14216

    $399,999

    • 6 Beds
    • 2 Baths
    • 2,136 Sq Ft
    • 49 Fairchild Place
    • Buffalo, NY

    Welcome to this beautifully maintained multi-family home, perfectly situated just steps from vibrant Hertel Avenue on peaceful Fairchild Place. This property offers far more than just an unbeatable location.Enjoy ample off-street parking with a large driveway plus extra space behind the home, complemented by a spacious two-car garage—an uncommon bonus in this area. Every window has been

    Chris & Tim Ricci & Gleason WNY Metro Roberts Realty

    Section Image
  • 903 Amherst St, Buffalo, NY 14216

    $399,000

    • 5 Beds
    • 3 Baths
    • 2,851 Sq Ft
    • 903 Amherst St
    • Buffalo, NY

    Large N. Buffalo three unit in a great neighborhood within walking distance to Delaware Park. Traditional three bedroom upper apartment has a formal dining room, eat-in kitchen with classic glass front cabinetry, natural woodwork and an enclosed porch to add even more living space! The lower floor has two charming apartments, each with one bedroom, living room and an eat-in kitchen. The front

    Kimberly Ruddock HUNT Real Estate Corporation

    Section Image
  • 88 Commonwealth Ave, Buffalo, NY 14216

    $385,000

    • 6 Beds
    • 2 Baths
    • 2,710 Sq Ft
    • 88 Commonwealth Ave
    • Buffalo, NY

    Located in the heart of North Buffalo’s popular Hertel Avenue entertainment district, this classic 3/3 double offers both character and opportunity. The exterior features maintenance-free siding, a brick front, a concrete driveway, an additional parking pad, and a two-car garage. The welcoming entry is defined by its elegant door, framed with side lights and a transom window that invites natural

    Geraldine Andolina Century 21 North East

    Section Image
  • 818 Amherst St, Buffalo, NY 14216

    $324,900

    • 6 Beds
    • 2 Baths
    • 2,322 Sq Ft
    • 818 Amherst St
    • Buffalo, NY

    GREAT OPPORTUNITY WITH THIS 3/3 DOUBLE IN WALKING DISTANCE TO THE ELMWOOD STRIP! 2 CAR DETACHED GARAGE WITH ADDITIONAL OFF STREET PARKING. 3 GOOD SIZE BEDROOMS, LARGE LIVING ROOMS, FORMAL DINING ROOMS, UPDATED KITCHENS, BATHROOMS, HARDWOOD FLOORS IN BOTH UNITS. COVERED PORCH FOR LOWER & OPEN PORCH FOR UPPER. NEWER FURNACES & HOT WATER TANKS, SEPARATE LAUNDRY HOOKUPS, NEWER HALLWAY CARPETING,

    Eric Winklhoser Century 21 North East

    Section Image
  • 88 Rugby Rd, Buffalo, NY 14216

    $390,000

    • 6 Beds
    • 2 Baths
    • 2,876 Sq Ft
    • 88 Rugby Rd
    • Buffalo, NY

    3/3 double in now available in North Buffalo! Situated steps from Hertel Ave. on a quiet one-block street, this home offers a prime location. The roof is a total tear-off, only 2 years old! A long driveway with plenty of parking leads to the partially fenced yard, featuring a one-car detached garage and a bonus covered patio. The upper unit boasts gleaming inlaid hardwood floors, a covered front

    Mandy Taborda Danahy Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $387,000 First American Mortgage Sln
Deed $387,000 First American Mortgage Sln
Warranty Deed $172,000 Ticor Title Insurance Co
Warranty Deed $132,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $224,460 New Conventional
Previous Owner $19,518 New Conventional
Previous Owner $129,000 New Conventional
Previous Owner $81,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $387,000 +0.5% $124 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $384,900 -6.1% $124 / Sq Ft
10/08/2024 10/08/24 For Sale $409,900 -- $132 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

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 $1,728 $341,000 $36,100 $304,900
2023 $1,728 $341,000 $36,100 $304,900
2022 $1,715 $341,000 $36,100 $304,900
2021 $1,715 $341,000 $36,100 $304,900
2020 $1,116 $341,000 $36,100 $304,900
2019 $3,978 $145,000 $16,100 $128,900
2018 $3,743 $145,000 $16,100 $128,900
2017 $863 $145,000 $16,100 $128,900
2016 $3,529 $145,000 $16,100 $128,900
2015 -- $145,000 $16,100 $128,900
2014 -- $145,000 $16,100 $128,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: B1568974

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-078-790-0002-025-000