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  • 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
    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.
    73 days
    on Zillow
    |
    1,139
    |
    61
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    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#: B1611639MLS LogoOriginating MLS: Buffalo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 373 Elmwood Ave.

    Next available tour time:Today at 5pm

    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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