399 S Elmwood Avenue, Buffalo, NY

Name: 399 S Elmwood Avenue, For Sale in Buffalo - eXp Realty
Brand: HUNT Real Estate Corporation
SKU: B1701476
Price: 529900 USD

House

For Sale

Listed price in listed location currency (USD).

$529,900

640

MLS® B1701476

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size 5125 sqft

Garage

Taxes $5,531

Days Active 2

Lot Size 0.1469 Acres

Approx. Age 1890

Avg. Price Per Sqft $103

MLS® Number B1701476

Property Address: 399 S Elmwood Avenue, Buffalo, NY, 14201

Average square foot calculated using Size range provided by listing agent.

Description

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 6, 400 square foot income-producing property 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.

MLS® NumberB1701476

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1890

Basement

DrivewayPaved, Two Or More Spaces

Garage Spaces

HeatGas, Forced Air, Radiant

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 24, 2026List Date

$529,900List Price

Commute

Commute

Starting Address

Destination Address

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