81 Aldrich Place Buffalo, NY $ 159,000
81 Aldrich Place
$ 159,000
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81 Aldrich Place

Buffalo, NY, 14220
$ 159,000
Bedrooms5 Baths2.0 Sq 2,016

Monthly Estimate*

$ 979

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Multi-Family Home for sale in Buffalo, NY

for $159,000 with 5 bedrooms and 2 full baths. This 2,016 square foot home was built in 1901 on a lot size of 0.0852.

81 Aldrich Place, Buffalo, NY 14220 South Buffalo 2-Family Cash Flow Opportunity – Upper 2-Bed+1study+utility room Unit Vacant & Ready to Rent. Located on a quiet, well-maintained street in desirable South Park / South Buffalo, this classic 2-unit multifamily (approx. 2,016 sq ft total) offers immediate income upside with the upper 2-bedroom unit currently vacant. The lower unit is a spacious 3-bedroom with updates including kitchen, bath, and first-floor laundry, plus a large living room and big backyard. Key Investment Highlights:Strong Rental Demand: South Buffalo continues to see steady rental growth with median rents around $1,250–$1,300/month in the neighborhood. A well-presented upper 2-bed can realistically target $1,000–$1,300/month, while the lower 3-bed supports similar or higher pricing, delivering potential gross rents of $2,200–$2,600+/month once stabilized. Immediate Cash Flow Potential: Vacant upper unit means you can lease it quickly and start collecting rent right away — perfect for investors seeking low vacancy and fast ROI. Affordable Entry + Appreciation: South Buffalo remains one of Buffalo’s most accessible neighborhoods for investors, with solid long-term value growth driven by community strength, proximity to parks, South Park Avenue amenities, and the city’s broader revitalization. Buffalo’s rental market stays resilient with consistent demand from local workers, families, and newcomers. Low-Maintenance Character Home: Built in 1901 with classic Buffalo double features — separate entrances, yard space, and room for cosmetic/value-add updates that can boost rents and equity quickly. Whether you’re looking for a house hack, portfolio addition, or strong cash-flowing asset with sweat-equity upside, 81 Aldrich Place delivers a low-barrier entry into a proven Buffalo rental market. Quiet street, established neighborhood, and one unit ready to occupy = reduced holding costs and quicker stabilization.

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Multi-Family Active

Price

$ 159,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,926

Style

MultiFamily

Lot Size

0.0852

Year Built

1901

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1682056

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession Closing
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials VinylSiding
School District Buffalo
Year Built 1901
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Erie
Property Type Residential
Rent Includes Water
Full Baths 2
Status Active
Directions use Google Maps
City Buffalo
Senior Community Y/N No
High School District Buffalo
Number Of Units Total 2
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 3712.0
Year Built Details Existing
Tax Annual Amount 2926.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 84000
TaxOtherAnnualAssessmentAmount 283.0
Tax Lot 23
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Interior
Basement Full
Flooring Laminate Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 2
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Exterior
Parking Features NoDriveway
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0852
Building Area Total 2016.0
Lot Dimensions 29X128
Lot Size Acres 0.0852
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
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Internal Only
Street Number 1 81
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* Excluded Features
List By
Blue Eagle Realty Corp.

Broker

(716) 436-1296

Phone

Affordability Calculator

$1,223
Per Month
80%
20%
0%
Monthly Principal & Interest
$979
Monthly Property Taxes
$244
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
5/30/2026$159,000 -20.10% Price Down
5/30/2026$199,000 Listed Price

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81 Aldrich Place, Buffalo, NY, 14220 is a Multi-Family Home for sale at $159,000 with 2,016 sqft and a lot size of 0.0852. 81 Aldrich Place has 5 bedrooms, 2.0 baths, and was built in 1901. The property's zip code is 14220 which is in Buffalo, NY