Downtown / Waterfront Real Estate Search

Downtown / Waterfront Homes for Sale

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Newest Downtown / Waterfront Homes for Sale

$529,900
6 Beds 4 Baths B1701476 MLS
Seize the opportunity to acquire this 4-unit side-by-side brick multifamily hiding in plain sight in one of Buffalo's most central and convenient locations. Situated at 399 S. Elmwood Ave. in downtown Buffalo (Accessible from Virginia Ave), this 6,400 square foot income-producing property offers tremendous value-add potential with below-market rents and expense improvement opportunities, creating a clear opportunity to increase cash flow and enhance long-term returns immediately. Actual Gross Income of $51,420 annually, potential gross of $71,400 (7.72% CAP RATE). Its prime location places tenants just minutes from Downtown Buffalo, the Buffalo Niagara Medical Campus, Allentown, Elmwood Village, waterfront attractions, and major employment centers, supporting strong rental demand. Constructed entirely of brick hidden beneath the exterior's ivy canvas, the property offers the durability and lower-maintenance benefits that investors appreciate, while the rare side-by-side layout for the end units provides desirable unit separation and privacy. Includes a European Style courtyard for BBQ and outdoor recreation. The middle unit divides into upper/lower (3rd and 4th units). One of the property's greatest advantages is its 4-unit configuration and the overall uniqueness of the units as well as the very tall ceiling heights giving it a personal and home-like feel which tenants will be hard pressed to find elsewhere. Unlike larger apartment buildings, will qualify for residential conventional financing, giving investors access to financing options that can be more attractive than commercial loans in addition to tax advantages, making this an appealing acquisition for both experienced investors and those looking to scale into multifamily ownership. Whether your strategy is to renovate units, bring rents to market levels, improve operations, or build long-term equity through appreciation and increased income, this property presents an exceptional opportunity to unlock significant upside. Well-located four-unit investments with durable brick construction and clear value-add potential are increasingly difficult to find—don't miss your chance to add this to your portfolio.

399 S Elmwood Avenue, Buffalo

$375,000
4 Beds 2 Baths B1700021 MLS
Welcome to 43 15th Street! This charming Westside Victorian offers the perfect blend of historic character and modern updates, featuring 4 bedrooms, 2 full bathrooms, and 2,364 square feet of living space. Relax on the inviting front porch, the perfect spot to enjoy warm summer evenings, or unwind in the spacious backyard complete with a storage shed and plenty of privacy. Inside, you're welcomed by the home's original Newell post and grand front staircase, setting the tone for the timeless craftsmanship found throughout. The formal living room features custom hardwood floors, an artificial fireplace, and a modern ceiling fan, creating a comfortable gathering space. The dining room features pocket doors offering both elegance and functionality. The kitchen provides abundant cabinetry extending to the ceiling, a breakfast bar, and a new induction stove (2025). Just beyond the kitchen, you'll find access to the side yard, a second staircase to the upper level, and a versatile bonus room with access to the screened-in back porch. Currently used as an additional eat-in area, this flexible space also includes laundry hookups, making it an ideal option for a first-floor laundry room. A full bathroom completes the main level. Upstairs, the spacious primary bedroom spans the width of the home and showcases beautiful original corbel detailing. Two additional bedrooms offer generous space, while the fourth bedroom is located near the updated second full, updated bathroom. Walk-up attic access provides abundant storage and highlights the home's insulation. Additional recent updates include: tankless hot water heater (2023), garbage disposal (2023), new screened porch steps leading to the backyard and 150 amp electrical service. Located just steps from neighborhood favorites like Augie's and Southern Junction, and only a few blocks from Five Points, this home offers an unbeatable combination of space, character, and convenience. With four bedrooms, two full bathrooms, and a prime Westside location on a quiet, one-way street, this is an opportunity you won't want to miss. Interior photos coming Monday! Showing start Wednesday, 7/29 at 5 pm for the 5-7 pm open house.

43 15th Street, Buffalo

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