1598 Bailey Avenue
Buffalo, NY, 14212 $ 160,000
Bedrooms4 Baths2.0 Sq 3,573 Monthly Estimate*
$ 1,010
for $160,000 with 4 bedrooms and 2 full baths. This 3,573 square foot home was built in 1930 on a lot size of 0.0884.
Excellent mixed-use investment opportunity in Buffalo's Bailey-Broadway neighborhood! This well-maintained property features three income-producing units, including a vacant first-floor commercial space (former tavern) and two spacious 2-bedroom apartments on the second floor. One apartment is tenant-occupied, while the other is owner-occupied, with flexibility for investors or owner-occupants. The upper apartments have private entrances and access to a driveway. The commercial tavern space is clean, well-maintained, and ready for its next owner or operator. Features include two restrooms, a kitchen with sink, stove, and new fryer, access to the basement, five wall-mounted flat-screen TVs, a pool table, and a remote security system with cameras and monitor, all included in the sale. The space is ideal for reopening as a tavern, bar, lounge, restaurant, or other permitted commercial use. Property updates include separate utilities, two newer wall furnaces serving the upper apartments, one furnace for the lower commercial space, new gas lines throughout, updated PEX plumbing, two separate half basements, and a roof is 7 years old. Whether you're looking to generate rental income from the apartments while operating or leasing the commercial space, or add a versatile mixed-use property to your investment portfolio, this property has outstanding potential. Property is being sold "As Is" the seller will not make any repairs as a result of the inspection or appraisal. Delayed Showing/Negotiation: The seller reserves the right to establish an offer deadline at any time.
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FeaturesGeneralSewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials VinylSiding
School District Buffalo
Year Built 1930
Tenant Pays AllUtilities
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Erie
Property Type Residential
Rent Includes Parking Water
Full Baths 2
Status Active
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 3850.0
Year Built Details Existing
Tax Annual Amount 2483.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 140000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 12
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InteriorBasement Partial
Flooring Hardwood 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 4
Main Level Bathrooms 0
Total Baths 2
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ExteriorParking Features TwoOrMoreSpaces Garage
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0884
Building Area Total 3573.0
Lot Dimensions 35X110
Lot Size Acres 0.0884
Waterfront Y/N No
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
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* Excluded FeaturesList ByNeighborhood Assistant Corporation Of AmericaBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,010
- Monthly Property Taxes
- $207
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $236,348
Percent of Sale Price 48%
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 |
|---|
| 8/7/2026 | $160,000 | | Listed Price |