Seller's Agent in 2025
Nicholas Giambra
Iconic Real Estate
(716) 670-3721
2 in this area
167 Total Sales
58 Park St Buffalo, NY 14201
Allentown Neighborhood
6
Beds
4
Baths
4,799
Sq Ft
4,356
Sq Ft Lot
Highlights
- Property is near public transit
- Balcony
- Laundry Facilities
- Wood Flooring
- Forced Air Heating and Cooling System
- High Speed Internet
About This Home
As of July 2025EXCEPTIONAL TURNKEY SHORT-TERM RENTAL INVESTMENT IN HISTORIC ALLENTOWN! House hacking to an extreme level with an owner occupied conventional or FHA loan. Fully renovated & furnished 4-unit property with PROVEN INCOME HISTORY: $97,722 (2022), $94,597 (2023), $100,029 (2024). Strong 8.73% cap rate with $56,775 NOI after ALL expenses. Perfect for investors seeking immediate cash flow in one of Buffalo's most desirable neighborhoods.cComprehensive renovation 7 years ago (city-approved) with ALL NEW systems: plumbing, electrical, HVAC, roof. Building features 2 two-bed/one-bath units and 2 one-bed/one-bath units, each with separate electric/gas, forced air heating, central AC, and 40-gallon hot water tanks. 4,799 sq ft brick building on 0.1-acre lot with valuable off-street parking for 5 vehicles. Prime Allentown location just blocks from Buffalo Niagara Medical Corridor (Roswell Park, Buffalo General, Oishei Children's Hospital, UB Medical School), minutes to downtown, and walking distance to Elmwood Village. Extremely walkable neighborhood surrounded by notable restaurants, bars, and cultural attractions. Potential gross income of $94,200 annually at market rates. Expenses include 5% vacancy/collection loss, 10% property management, and 5% maintenance/repairs. All units currently furnished and ready for continued rental operation. Don't miss this rare opportunity to acquire a high-performing investment property in one of Buffalo's most coveted neighborhoods. SHOWINGS START WEDNESDAY, MAY 7TH. OPEN HOUSE SATURDAY, MAY 10TH FROM 1:00-3:00PM.
Last Agent to Sell the Property
Listing by Iconic Real Estate License #10301221885 Listed on: 05/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,193
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 38x120
- Rectangular Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Stone Foundation
- Copper Plumbing
Interior Spaces
- 4,799 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
Additional Features
- Balcony
- Property is near public transit
Community Details
- 4 Units
- Laundry Facilities
- 4 Separate Gas Meters
Listing and Financial Details
- Rent includes trash collection, water
- Tax Lot 13
- Assessor Parcel Number 140200-100-770-0007-013-000
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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 |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Sold | $640,500 | -1.5% | $133 / Sq Ft |
| 07/08/2025 07/08/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $650,000 | 0.0% | $135 / Sq Ft |
| 05/24/2025 05/24/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | For Sale | $650,000 | -- | $135 / 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 | $2,774 | $495,000 | $45,600 | $449,400 |
| 2023 | $2,508 | $495,000 | $45,600 | $449,400 |
| 2022 | $2,489 | $495,000 | $45,600 | $449,400 |
| 2021 | $2,489 | $495,000 | $45,600 | $449,400 |
| 2020 | $693 | $495,000 | $45,600 | $449,400 |
| 2019 | $3,461 | $90,000 | $9,200 | $80,800 |
| 2018 | $3,200 | $90,000 | $9,200 | $80,800 |
| 2017 | $482 | $90,000 | $9,200 | $80,800 |
| 2016 | $4,296 | $90,000 | $9,200 | $80,800 |
| 2015 | -- | $90,000 | $9,200 | $80,800 |
| 2014 | -- | $90,000 | $9,200 | $80,800 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Giambra
-
Marcia Keller
Buyer's Agent in 2025
Marcia Keller
Hunt Real Estate
(716) 440-8831
1 in this area
105 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1604305
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