399 S Elmwood Avenue, Buffalo, NY 14201
Local realty services provided by:CENTURY 21 North East
399 S Elmwood Avenue,Buffalo, NY 14201
$630,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: nicholas corto
Office: hunt real estate era
MLS#:B1701476
Source:NY_GENRIS
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Price summary
- Price:$630,000
About this home
Seize the opportunity to acquire this 4-unit side-by-side brick multifamily hiding in plain sight in one of Buffalo's most central and convenient locations. Situated at 399 S. Elmwood Ave. in downtown Buffalo (Accessible from Virginia Ave), this 5125 sq ft income property on 6400 SF lot offers tremendous value-add potential with below-market rents and expense improvement opportunities, creating a clear opportunity to increase cash flow and enhance long-term returns immediately. Actual Gross Income of $51,420 annually, potential gross of $71,400 (7.72% CAP RATE). Its prime location places tenants just minutes from Downtown Buffalo, the Buffalo Niagara Medical Campus, Allentown, Elmwood Village, waterfront attractions, and major employment centers, supporting strong rental demand. Constructed entirely of brick hidden beneath the exterior's ivy canvas, the property offers the durability and lower-maintenance benefits that investors appreciate, while the rare side-by-side layout for the end units provides desirable unit separation and privacy. Includes a European Style courtyard for BBQ and outdoor recreation. The middle unit divides into upper/lower (3rd and 4th units). One of the property's greatest advantages is its 4-unit configuration and the overall uniqueness of the units as well as the very tall ceiling heights giving it a personal and home-like feel which tenants will be hard pressed to find elsewhere. Unlike larger apartment buildings, will qualify for residential conventional financing, giving investors access to financing options that can be more attractive than commercial loans in addition to tax advantages, making this an appealing acquisition for both experienced investors and those looking to scale into multifamily ownership. Whether your strategy is to renovate units, bring rents to market levels, improve operations, or build long-term equity through appreciation and increased income, this property presents an exceptional opportunity to unlock significant upside. Well-located four-unit investments with durable brick construction and clear value-add potential are increasingly difficult to find—don't miss your chance to add this to your portfolio....
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Home facts
- Year built:1890
- Listing ID #:B1701476
- Added:95 day(s) ago
- Updated:October 28, 2026 at 06:42 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Ceramic Tile, Varies
Heating and cooling
- Heating:Forced Air, Gas, Radiant
Structure and exterior
- Year built:1890
- Lot Features:Rectangular
- Architectural Style:Fourplex
- Construction Materials:Brick
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$630,000
- Tax amount:$5,531
Parking
- Parking description:Paved
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