81 Aldrich Place
Buffalo, NY, 14220 $ 159,000
Bedrooms5 Baths2.0 Sq 2,016 Monthly Estimate*
$ 979
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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FeaturesGeneralSewer 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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InteriorBasement 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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ExteriorParking 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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* Excluded FeaturesList ByBlue Eagle Realty Corp.Broker
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Buffalo, NY
Average List Price $241,087
Percent of Sale Price 52%
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 |
|---|
| 5/30/2026 | $159,000 | -20.10% | Price Down |
| 5/30/2026 | $199,000 | | Listed Price |