PRIME CORNER INVESTMENT OPPORTUNITY: MIXED-USE PROPERTY IN NORTH BUFFALO
Exceptional investment property in Riverside featuring TWO separate buildings on a single corner lot, creating multiple income streams with significant appreciation potential. This N-3E zoned mixed-use property offers 4,663 square feet of total space on a 33' x 110' lot. Front Building: Two-story structure with flexible commercial space on lower level (can be configured as one unit or divided into two) and spacious 3BR/1BA apartment upstairs featuring forced air heating (2005). Rear Building: Private two-story 2BR/1BA single-family home with attached 1-car garage and updated boiler (approx. 5 years old).
Recent Updates: Brand new tear-off roof with new decking on rear building (less than 1 month old). 2019 space heater and gas water heater in front retail unit. 2017 gas water heater in upper apartment. Modern circuit breakers with MC cable wiring. Updated plumbing with combination of PVC & steel waste lines, copper, steel, and PEX supply lines. Investment Highlights: Prime corner lot location with excellent visibility. Separate utilities (4 electric meters, 3 gas meters). Three distinct units generating multiple income streams. Will be 100% vacant - opportunity to select your own tenants and set market rents. Estimated monthly rental income: $1,166 (commercial), $1,200 (upper apt), $1,100 (rear house). Potential annual income: $41,600. Projected NOI: $26,646. Strong cap rate potential in growing Buffalo neighborhood. Perfect for investors seeking immediate income or owner-occupants looking to offset mortgage with rental income and potentially operate a business.
Closed
$167,500
448 Ontario St, Buffalo, NY 14207
5beds
4,663sqft
Mixed Use, Triplex, Multi Family
Built in 1920
-- sqft lot
$167,600 Zestimate®
$36/sqft
$1,384 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 09:48am
Listed by:
Nicholas Giambra 716-239-6432,
Iconic Real Estate
Bought with:
Daisjon Petty, 10401311168
Red Door Real Estate WNY LLC
Source: NYSAMLSs,MLS#: B1605990
Originating MLS: Buffalo

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Baseboard, Forced Air, Space Heater
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Natural Woodwork
- Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
- Basement: Full,None,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 4,663
- Total interior livable area: 4,663 sqft
Property
Parking
- Total spaces: 1
- Parking features: Concrete
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony, Fence
- Fencing: Partial
Lot
- Size: 3,628 sqft
- Dimensions: 33 x 110
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 1402000774100002052000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Mixed Use, Triplex, Multi Family
Materials
- Vinyl Siding, Copper Plumbing, PEX Plumbing
- Foundation: Other, See Remarks, Stone
- Roof: Asphalt
Condition
- Resale
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Buffalo
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Rehab Financing,VA Loan