1042 Elmwood Avenue
Buffalo, NY, 14222 $ 434,900
Bedrooms3 Baths4.0 Sq 3,501 Monthly Estimate*
$ 2,678
for $434,900 with 3 bedrooms and 4 full baths. This 3,501 square foot home was built in 1900 on a lot size of 0.0861.
Turnkey 4 unit investment property in the heart of Buffalo’s highly desirable Elmwood Village, offering strong rental demand, mixed use zoning and good income. Located close to Delaware Park, Bidwell Parkway, and some of Buffalo's best shops, dining, and cultural attractions, this property benefits from one of the city’s most stable and sought-after rental markets. The building consists of a 1st floor studio with updated kitchen and bath, hardwood floors, decorative fireplace, and front porch access, along with a recently renovated 2nd floor 1 bedroom that is currently vacant and ready to lease or owner occupy. Renovations include refinished hardwood floors, fresh paint, updated lighting, new outlets and ceiling fans, a second decorative fireplace, leaded glass window, and a private porch overlooking Elmwood Ave. Two additional 1 bedroom units at the rear feature identical layouts with full baths, large living rooms, and spacious kitchens. A full walk-up attic provides potential for future value-add or additional income, while the basement offers a shared laundry area with washer and dryer included. Each unit has its own forced-air furnace and tenants pay their own utilities with the exception of Unit 3, keeping operating costs low. Refrigerators & stoves included in the sale, the tear-off roof is approximately five years old and the fenced backyard adds additional tenant appeal. Whether you are seeking immediate cash flow, a low-maintenance asset in a prime location, or a property with long-term upside, this Elmwood Village 4 unit represents a rare opportunity in a proven rental market.
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FeaturesInteriorInterior Amenities CeilingFans NaturalWoodwork
Basement Full
Flooring Hardwood Laminate Tile Varies
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Window Features LeadedGlass ThermalWindows
Fireplace Y/N No
Half Baths 0
Total Bedrooms 3
Main Level Bathrooms 0
Total Baths 4
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GeneralSewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Flat
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony Patio
Architectural Style Fourplex
Construction Materials WoodSiding CopperPlumbing
School District Buffalo
Year Built 1900
Electric CircuitBreakers
Stories Count 3
Township Not Applicable
Property Subtype MultiFamily
County Erie
Property Type Residential
Subdivision Name Holland Land Company's Su
Rent Includes Gardener Other SeeRemarks Water
Full Baths 4
Status Active
Directions Elmwood between Bidwell Pkwy and Bird Ave
City Buffalo
Senior Community Y/N No
High School District Buffalo
Number Of Units Total 4
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 3750.0
Year Built Details Existing
Tax Annual Amount 5814.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 328900
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 9
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ExteriorExterior Amenities Balcony Fence Patio
Fencing Partial
Parking Features OnStreet
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0861
Foundation Details Stone
Building Area Total 3501.0
Lot Dimensions 25X150
Lot Size Acres 0.0861
Waterfront Y/N No
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
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* Excluded FeaturesList ByHunt Real Estate CorporationBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,678
- Monthly Property Taxes
- $485
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Buffalo, NY
Average List Price $233,436
Percent of Sale Price 46%
About Buffalo, NY 257,543 Population
-12% Since 2002
$ 34,439 Median Income
35.65 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/5/2026 | $434,900 | | Listed Price |