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.
Active
Price cut: $40K (8/13)
$480,000
373 Elmwood Ave, Buffalo, NY 14222
4beds
0baths
4,590sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
Decorative fireplacesAmple off-street parkingPrivate balconyCharming white kitchens
- 73 days
- on Zillow |
- 1,139 |
- 61 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 12:11pm
Listing by:
Carl P. Paladino 716-854-0060,
Carl P Paladino 716-854-0060
Source: NYSAMLSs,MLS#: B1611639
Originating MLS: Buffalo

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
Heating
- Gas, Hot Water
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Features
- Flooring: Carpet, Hardwood, Laminate, Varies
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 4,590
- Total interior livable area: 4,590 sqft
Property
Parking
- Parking features: One Space, No Garage
Features
- Levels: Two
- Stories: 2
- Exterior features: Concrete Driveway
Lot
- Size: 10,018.8 Square Feet
- Dimensions: 50 x 200
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 1402001005400001033000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt
Condition
- Resale
- Year built: 1930
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Buffalo
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $550,000
- Annual tax amount: $9,595
- Date on market: 6/12/2025
- Listing terms: Cash,Conventional
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