41 Allegany Street Buffalo, NY $ 249,000
41 Allegany Street
$ 249,000
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41 Allegany Street

Buffalo, NY, 14220
$ 249,000
Bedrooms6 Baths3.0 Sq 2,941

Monthly Estimate*

$ 1,720

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Multi-Family Home for sale in Buffalo, NY

for $249,000 with 6 bedrooms and 3 full baths. This 2,941 square foot home was built in 1930 on a lot size of 0.0929.

Excellent investment opportunity in South Buffalo! This unique property features two separate buildings on one lot with three residential units, offering multiple streams of rental income. The front house consists of a recently remodeled two-bedroom lower unit currently rented for $900/month and a one-bedroom upper unit currently rented for $550/month both month to month. The rear building is a separate three-bedroom single-family home, completely renovated in Oct 2026, with projected rental income of at least $1,200/month. The property currently generates $1,450/month in rental income, with potential gross monthly income of approximately $2,650 and annual gross income of $31,800 or more once all units are rented. A fantastic opportunity for investors seeking immediate cash flow with additional income potential. Conveniently located in South Buffalo near shopping, restaurants, parks, schools, and major roadways. Don't miss this opportunity to own a versatile, income-producing property with three separate living units!

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Multi-Family Active

Price

$ 249,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,329

Style

RowHouse,Triplex

Lot Size

0.0929

Year Built

1930

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1726028

Features
General
Sewer Connected
Heating Gas ForcedAir WallFurnace
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony Open Porch
Architectural Style RowHouse Triplex
Construction Materials WoodSiding CopperPlumbing PexPlumbing
School District Buffalo
Year Built 1930
Electric CircuitBreakers
Township Not Applicable
Property Subtype MultiFamily
County Erie
Property Type Residential
Subdivision Name Buffalo Crk Reservation
Rent Includes Water
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 4045.0
Year Built Details Existing
Tax Annual Amount 3329.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 300000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 21
Virtual Tour https://view.towerfilmandphoto.com/41_allegany_st-4267
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Interior
Basement Full SumpPump
Flooring Carpet Hardwood Laminate Varies
Total Fireplaces 0
Total Stories 1
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Laundry Features WasherHookup
Total Bedrooms 6
Main Level Bathrooms 0
Total Baths 3
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Exterior
Exterior Amenities Balcony Fence
Fencing Partial
Parking Features OnStreet TwoOrMoreSpaces
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0929
Foundation Details Block Poured
Building Area Total 2941.0
Lot Dimensions 32X126
Lot Size Acres 0.0929
Waterfront Y/N No
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
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Internal Only
Street Number 1 41
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* Excluded Features
List By
Mls Nation Realty Llc

Broker

(716) 310-3102

Phone

Affordability Calculator

$1,997
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,720
Monthly Property Taxes
$277
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/30/2026$249,000 Listed Price

Map


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41 Allegany Street, Buffalo, NY, 14220 is a Multi-Family Home for sale at $249,000 with 2,941 sqft and a lot size of 0.0929. 41 Allegany Street has 6 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 14220 which is in Buffalo, NY