242 Norwood Avenue Buffalo, NY $ 540,000
242 Norwood Avenue
$ 540,000
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242 Norwood Avenue

Buffalo, NY, 14222
$ 540,000
Bedrooms5 Baths3.0 Sq 3,102

Monthly Estimate*

$ 3,325

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Multi-Family Home for sale in Buffalo, NY

for $540,000 with 5 bedrooms and 3 full baths. This 3,102 square foot home was built in 1894 on a lot size of 0.0992.

Welcome to a timeless Elmwood Village three unit located on the corner of West Utica Street and Norwood Avenue near Five Points, Elmwood Village, Allentown, and downtown Buffalo. This classic old money style home offers three luxurious units filled with gorgeous hardwood floors, rich dark natural woodwork, and tons of natural light throughout. All appliances are included, and the property has been thoughtfully maintained with recent improvements including fresh exterior paint, a new driveway, and a new walkway, along with fresh updates inside the tenant units before move in. The lower unit is a spacious three bedroom one bathroom apartment featuring grand living spaces, beautiful hardwood floors, a wonderful bathroom, and convenient in unit laundry hookups, plus a huge covered front porch that adds the perfect outdoor living space for relaxing or entertaining. Rent for the lower unit is $1,900 per month and the landlord pays gas and water. Upstairs are two back to back one bedroom units, both currently rented for $1,200 per month each, with the landlord also paying gas and water. The upper front unit features a bright front bedroom with beautiful windows and access to a private balcony, while the upper rear unit offers a large eat in kitchen with hardwood floors continuing through the living room and bedroom. Additional highlights include a corner lot setting with a three car driveway, a two car garage, a huge full walk up attic, and a full basement with shared coin operated laundry for tenants.

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Multi-Family Active

Price

$ 540,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,624

Style

MultiFamily

Lot Size

0.0992

Year Built

1894

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1658644

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 2.0
Construction Materials WoodSiding
School District Buffalo
Year Built 1894
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Erie
Property Type Residential
Subdivision Name Holland Land Company's Su
Garage Y/N Yes
Rent Includes Heat HotWater
Full Baths 3
Status Active
City Buffalo
Senior Community Y/N No
High School District Buffalo
Number Of Units Total 3
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 4320.0
Year Built Details Existing
Tax Annual Amount 4624.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 316000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 12
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Interior
Basement Full
Flooring Hardwood Tile Varies
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 3
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Exterior
Parking Features Concrete TwoOrMoreSpaces
Lot Features CornerLot Rectangular RectangularLot
Water Source Connected Public
Lot Size Area 0.0992
Building Area Total 3102.0
Lot Dimensions 40X108
Lot Size Acres 0.0992
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 4
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Internal Only
Street Number 1 242
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* Excluded Features
List By
Amp Equity Management

Broker

(716) 628-5377

Phone

Affordability Calculator

$3,710
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,325
Monthly Property Taxes
$385
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.
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Nearby
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/19/2026$540,000 Listed Price

Map


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242 Norwood Avenue, Buffalo, NY, 14222 is a Multi-Family Home for sale at $540,000 with 3,102 sqft and a lot size of 0.0992. 242 Norwood Avenue has 5 bedrooms, 3.0 baths, and was built in 1894. The property's zip code is 14222 which is in Buffalo, NY