2961 Bailey Avenue Buffalo, NY $ 499,900
2961 Bailey Avenue
$ 499,900
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2961 Bailey Avenue

Buffalo, NY, 14215
$ 499,900
Bedrooms10 Baths0.0 Sq 7,532

Monthly Estimate*

$ 3,119

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Single Family Home for sale in Buffalo, NY

for $499,900 with 10 bedrooms. This 7,532 square foot home was built in 1936 on a lot size of 0.1126.

2961 Bailey Ave – Prime Investment Opportunity! Discover a well-maintained multi-family property in the heart of Buffalo, offering 10 income-generating units including a mix of one-bedroom, two-bedroom, three-bedroom, and a studio apartment. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $900 per month, bringing in a solid monthly gross income of $8,100 and an annual gross potential of $97,200. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns. Don't wait. Don't wait to lose this opportunity to own this cash-cow investment property. Showing starts immediately!

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Single Family Active

Price

$ 499,900

Bedrooms

10

Property Type

Single Family

Taxes

$ 5,560

Style

Lot Size

0.1126

Year Built

1936

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1631280

Features
General
Sewer Connected
Heating Gas Baseboard
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Shingle
Appliances GasCooktop GasWaterHeater Refrigerator
Garage Spaces 0.0
Construction Materials Brick Frame
School District Buffalo
Year Built 1936
Stories Count 3
Township Not Applicable
Property Subtype Other
County Erie
Property Type MultiFamily
Garage Y/N No
Rent Includes Electricity Heat
Status Active
City Buffalo
Senior Community Y/N No
High School District Buffalo
Number Of Units Total 10
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 4905.0
Year Built Details Existing
Tax Annual Amount 5560.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 232000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 46
Property Sub Type Additional Other
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Interior
Basement Full
Flooring Carpet Hardwood Tile Varies
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 10
Main Level Bathrooms 0
Total Baths 0
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Exterior
Exterior Amenities ConcreteDriveway
Parking Features NoGarage
Lot Features FlagLot NearPublicTransit
Water Source Connected Public
Lot Size Area 0.1126
Building Area Total 7532.0
Lot Dimensions 45X109
Lot Size Acres 0.1126
Waterfront Y/N No
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Internal Only
Street Number 1 2961
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* Excluded Features
List By
Towne Housing Real Estate

Broker

(929) 424-0890

Phone

Affordability Calculator

$3,582
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$463
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2025$499,900 Listed Price

Map


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2961 Bailey Avenue, Buffalo, NY, 14215 is a Single Family Home for sale at $499,900 with 7,532 sqft and a lot size of 0.1126. 2961 Bailey Avenue has 10 bedrooms, 0.0 baths, and was built in 1936. The property's zip code is 14215 which is in Buffalo, NY