41 Allegany ST
Multi-Family $ 249,000

41 Allegany ST

Buffalo, NY 14220

  • 6 Beds
  • 3 Baths
    Full Baths: 3
  • 2,941 SqFt
  • 4,046 Lot Size
  • 1930 Year Built
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!
Listed by MLS Nation Realty LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 941 sqft

    Price per Sqft $84

    Subdivision Buffalo Crk Reservation

    MLS Listing ID B1726028

    Style Row House, Triplex

    Bedrooms 6

    Full Baths 3

    Construction Status Existing

    HOA Y/N No

    Year Built 1930

    Annual Tax Amount $3,329

    Lot Size 4,046 Sqft

    Acres 0.0929

    Lot Dimensions 32X126

    Property Sub-Type Multi Family

  • Location

    State NY

    County Erie

    Community Buffalo Crk Reservation

    Area Buffalo City-140200

  • Rooms

    Basement Full, Sump Pump

  • Building

    Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

    Foundation Block, Poured

    Sewer Connected

    Water Connected, Public

    Architectural Style Row House, Triplex

    Structure Type Wood Siding,Copper Plumbing,PEX Plumbing

    Construction Status Existing

  • Interior

    Heating Gas, Forced Air, Wall Furnace

    Flooring Carpet, Hardwood, Laminate, Varies

    Fireplace No

    Appliance Gas Water Heater

    Laundry Washer Hookup

  • Exterior

    Exterior Feature Balcony, Fence

    Fence Partial

    Utilities Available Sewer Connected, Water Connected

    Roof Type Asphalt

    Porch Balcony, Open, Porch

  • Schools

    School District Buffalo

  • Others

    Senior Community No

    Tax ID 140200-133-390-0001-021-000

    Acceptable Financing Cash, Conventional, FHA

    Listing Terms Cash, Conventional, FHA

    Special Listing Condition Standard

    Virtual Tour https://view.towerfilmandphoto.com/41_allegany_st-4267

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