Active
157 Fargo Avenue, Buffalo NY 14201
MLS# B1660150
$225,000
Price
6
Beds
3
Baths
2,538
Living Area (Sq.Ft.)
0.193
Lot Area (Acres)
$225,000
Price
6
Beds
3
Baths
2,538
Living Area (Sq.Ft.)
0.193
Lot Area (Acres)
Location, location, location! Excellent opportunity to own a three-unit multifamily investment <br>property with an included adjacent vacant lot in Buffalo’s highly desirable and appreciating <br>West Side neighborhood. Located near Elmwood Village, Allentown, Kleinhans Music Hall, <br>D’Youville University, shopping, dining, and public transportation, this property offers strong <br>rental demand and long-term upside. The building features three residential units including a <br>large 4-bedroom apartment, a studio/1-bedroom unit, and a well-updated 1-bedroom <br>apartment, all with functional layouts and excellent income potential. One unit is currently <br>rented at $1,000 per month, with projected annual gross income exceeding $41,000, while <br>maintaining low annual property taxes of approximately $3,000—an ideal combination for cash <br>flow and appreciation. Recent capital improvements include updated electrical service with <br>three separate meters, vinyl siding, numerous vinyl replacement windows, newer hot water <br>tanks (2018, 2022, and 2023), and a high-efficiency furnace installed in 2025. Interior spaces <br>offer flexibility for owner-occupants or investors, including open living and dining areas, <br>updated flooring and paint in select units, and future value-add potential in the upper <br>apartment. The included vacant parcel at 155 Fargo Ave adds rare flexibility—ideal for off- <br>street parking, additional green space, or future development (buyer to verify). Off-street <br>parking is currently accessed via Cobb Alley, a valuable amenity in this location. Whether you’re <br>searching for a Buffalo investment property, a house-hacking opportunity, or a multi-unit rental <br>with upside, 157 Fargo Avenue delivers income, location, and versatility in one compelling <br>package.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1910
Parcel Number
140200-099-750-0006-032-000
Unit Number
--
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Building Area Source
PublicRecords
Lot Size Dimensions
61X138
Stories
2
Bath Rooms Full
3
Property Condition
Resale
Elementary School District
Buffalo
Middle Or Junior School District
Buffalo
High School District
Buffalo
Location
Listing Agent
Nicholas M Lunetta
Listing Office
MJ Peterson Real Estate Inc.
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow,SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Rehab Financing
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-01-29
Owner Pays
Snow Removal, Trash Collection, Water
Rent Includes
Snow Removal, Trash Collection, Water
Fire Places Total
1
Interior Features
Ceiling Fans
Flooring
Carpet, Luxury Vinyl, Tile, Varies, Vinyl
Fire Place
true
Heating
true
Heating Features
Gas, Forced Air, Space Heater
Appliances
Gas Water Heater
Electric
Circuit Breakers
Garage
--
Garage Spaces
0
Architectural Style
Triplex
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Parking Features
Off Site, On Street
Foundation Details
Block,Poured
Basement
Partial, Sump Pump
Construction Materials
Vinyl Siding, Copper Plumbing
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.