Jennifer Nelson
Real Broker NY LLC
(716) 403-3089
97 Total Sales
1 in Allentown
$775,000 Price
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 Giambra Realty Corp License #10311210668 Listed on: 05/05/2025
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
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 12, 2025
Sold by
Bought by
Purchase Details
Listed on
May 5, 2025
Closed on
Aug 5, 2025
Sold by
Bought by
Seller's Agent
Nicholas Giambra
Giambra Realty Corp
Buyer's Agent
Marcia Keller
HUNT Real Estate ERA
List Price
$650,000
Sold Price
$640,500
Premium/Discount to List
-$9,500
-1.46%
Views
38
Purchase Details
Closed on
Oct 29, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Interest Rate
5.5%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 6, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Interest Rate
5.5%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 15, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Allentown, NY
-
Jennifer Nelson
-
Joseph Sciandra
Joseph Sciandra
Red Door Real Estate WNY LLC
(716) 271-7606
131 Total Sales
2 in Allentown
$750,000 Price Range
-
Michael Boland
Michael Boland
Howard Hanna WNY Inc.
(716) 589-4968
141 Total Sales
2 in Allentown
$350,000 Price Range
-
Rachele Sutherland
Rachele Sutherland
eXp Realty
(716) 576-3231
263 Total Sales
2 in Allentown
$156,750 Price Range
-
Josh Peters
Josh Peters
Keller Williams Realty WNY
(716) 403-3861
74 Total Sales
2 in Allentown
$275,000 Price Range
-
Steven Nagowski
Steven Nagowski
Keller Williams Realty WNY
(716) 221-6788
78 Total Sales
6 in Allentown
$200K - $420K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $641,500 | None Available | ||
| -- | None Available | ||
| $550,000 | None Available | ||
| $120,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $541,057 | ||
| Previous Owner | $540,038 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,774 | $481,800 | $86,600 | $395,200 |
| 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
Seller's Agent in 2025
Nicholas Giambra
Giambra Realty Corp
(716) 670-3721
1 in this area
131 Total Sales
-
Marcia Keller
Buyer's Agent in 2025
Marcia Keller
Hunt Real Estate
(716) 440-8831
1 in this area
96 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1604305
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Nearby Homes
- 46 Park St
- 49 Park St
- 19 Park St
- 75 Mariner St
- 36 Mariner St
- 13 Mariner St
- 399 S Elmwood Ave
- 20 Mariner St
- 39 College St
- 69 College St
- 57 Virginia Place
- 125 Edward St Unit 4C
- 125 Edward St Unit 1F
- 125 Edward St Unit 4D
- 125 Edward St Unit 1J
- 125 Edward St Unit 1C
- 135 Park St
- 467 Virginia St
- 41 Irving Place
- 115 College St
- 54 Park St Unit LOWER REAR
- 54 Park St Unit Upper Front
- 54 Park St
- 50 Park St
- 5108 Dorvit Rd
- 62 Park St Unit . 4 (Lower rear)
- 44 Park St Unit 2 Rear
- 44 Park St Unit 1 Front
- 44 Park St
- 68 Park St
- 8 Park St
- 12 Park St
- 4 Park St
- 42 Park St
- 61 Park St Unit House
- 61 Park St
- 40 Park St
- 70 Park St
- 57 Park St
- 45 Park St Unit 2
Your Personal Tour Guide
Ask me questions while you tour the home.