2961 Bailey Avenue, Buffalo, NY 14215

Buffalo
Local realty services provided by:ERA Team VP Real Estate
2961 Bailey Avenue,Buffalo, NY 14215
$489,000
  • 12 Beds
  • - Baths
  • 7,532 sq. ft.
  • Multi-family
  • Active
Listed by: rabia ellahi, hashim iqbal
Office: red hawk real estate
MLS#:B1727937
Source:NY_GENRIS

Price summary

  • Price:$489,000
  • Price per sq. ft.:$64.92

About this home

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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Home facts

  • Year built:1936
  • Listing ID #:B1727937
  • Added:1 day(s) ago
  • Updated:November 11, 2026 at 04:31 PM

Rooms and interior

  • Bedrooms:12
  • Flooring:Hardwood, Laminate, Varies
  • Basement:Yes
  • Basement Description:Full
  • Living area:7,532 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1936
  • Building area:7,532 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Flag Lot, Near Public Transit
  • Construction Materials:Brick, Frame

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$489,000
  • Price per sq. ft.:$64.92
  • Tax amount:$5,560

Parking

  • Parking description:No Driveway

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