399 S Elmwood Avenue
Buffalo, NY 14201
6
Bed
4
Bath
5,125Sqft
0.15Acre(Lot)
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. Construc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4 Full Baths: 4 -
Flooring Information
Carpet, Ceramic Tile, Varies -
Interior Features
Appliances: Gas Water Heater, Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air, Radiant
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Building Information
Year Built: 1890 Building Area Total: 5125 Construction Materials: Brick, Other Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 59X108 Main Square Feet: 0.1469 Acres Lot Size Acres: 0.1469 Lot Size Square Feet: 6398 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $529900 Cash
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Tax Information
Parcel Number: 140200-111-220-0010-008-100 Tax Lot: 8 Annual Tax: $5531
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Parking Information
Paved
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Utility Information
Sewer Connected, Water Connected -
Location Information
Direction: Elmwood to Virginia (Lot located on Virginia Ave) WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 176 North Street, Buffalo, NY, 14201 | $1,699,000 | 11 | -- | 11,586 | 11,586 SqFt |
| 36 Mariner Street, Buffalo, NY, 14201 | $324,999 | 5 | 2 | 2,112 | 2,112 SqFt |
| 286 Carolina Street, Buffalo, NY, 14201 | $375,000 | 4 | 2 | 1,922 | 1,922 SqFt |
| 284 Carolina Street, Buffalo, NY, 14201 | $249,900 | 6 | 2 | 1,994 | 1,994 SqFt |
| 115 College Street, Buffalo, NY, 14201 | $399,900 | 5 | 2 | 2,649 | 2,649 SqFt |
| 268 Georgia Street, Buffalo, NY, 14201 | $469,900 | 5 | 5 | 3,352 | 3,352 SqFt |
| 30 Whitney Place, Buffalo, NY, 14201 | $350,000 | 3 | 3 | 2,400 | 2,400 SqFt |
| 64 Prospect Avenue, Buffalo, NY, 14201 | $399,999 | 5 | 3 | 2,912 | 2,912 SqFt |
| 23 Wadsworth Street, Buffalo, NY, 14201 | $390,000 | 2 | 2 | 1,980 | 1,980 SqFt |
| 68 Days Park, Buffalo, NY, 14201 | $3,500,000 | 21 | -- | 35,323 | 35,323 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 09:09
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