2961 Bailey Avenue Buffalo, NY $ 489,000
2961 Bailey Avenue
$ 489,000
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2961 Bailey Avenue

Buffalo, NY, 14215
$ 489,000
Bedrooms12 Baths10.0 Sq 7,532

Monthly Estimate*

$ 3,377

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Multi-Family Home for sale in Buffalo, NY

for $489,000 with 12 bedrooms and 10 full baths. This 7,532 square foot home was built in 1936 on a lot size of 0.1126.

Investment Opportunity! A well-maintained multifamily property in the heart of Buffalo, offering 10 income-generating units, including a mix of one-bedroom, two-bedroom, three-bedroom, and studio apartments. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $950 per month, bringing in a solid monthly gross income of $8,400 and an annual gross potential of $100,800. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns.

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Multi-Family Active

Price

$ 489,000

Bedrooms

12

Full Bath

10

Property Type

Multi-Family

Taxes

$ 5,560

Style

Lot Size

0.1126

Year Built

1936

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1727937

Features
General
Sewer Connected
Heating Gas Baseboard
Utilities SewerConnected WaterConnected
Possession Closing
Roof Asphalt
Appliances GasWaterHeater SeeRemarks
Construction Materials Brick Frame
School District Buffalo
Year Built 1936
Township Not Applicable
Property Subtype Other
Community Features Other SeeRemarks
County Erie
Property Type MultiFamily
Rent Includes Electricity Heat HotWater Water
Status Active
City Buffalo
Senior Community Y/N No
High School District Buffalo
Number Of Units Total 10
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 4905.0
Year Built Details Existing
Tax Annual Amount 5560.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 315900
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 46
Property Sub Type Additional Other
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Interior
Basement Full
Flooring Hardwood Laminate Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 12
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features None NoDriveway
Lot Features FlagLot NearPublicTransit
Water Source Connected Public
Lot Size Area 0.1126
Building Area Total 7532.0
Lot Dimensions 45X109
Lot Size Acres 0.1126
Waterfront Y/N No
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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Internal Only
Street Number 1 2961
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* Excluded Features
List By
Red Hawk Real Estate

Broker

(347) 553-7406

Phone

Affordability Calculator

$3,841
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,377
Monthly Property Taxes
$463
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
11/9/2026$489,000 Listed Price

Map


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2961 Bailey Avenue, Buffalo, NY, 14215 is a Multi-Family Home for sale at $489,000 with 7,532 sqft and a lot size of 0.1126. 2961 Bailey Avenue has 12 bedrooms, 10.0 baths, and was built in 1936. The property's zip code is 14215 which is in Buffalo, NY