Active
531 South Park Avenue, Buffalo NY 14204
MLS# B1683191
$159,000
Price
6
Beds
2
Baths
2,982
Living Area (Sq.Ft.)
0.145
Lot Area (Acres)
$159,000
Price
6
Beds
2
Baths
2,982
Living Area (Sq.Ft.)
0.145
Lot Area (Acres)
531 South Park Avenue, Buffalo, NY 14204 <br> <br>Competitively priced value add <br> <br> <br>This is a classic two-family duplex (upper/lower) built in 1910 in Buffalo's First Ward neighborhood along South Park Avenue. The property offers a hefty 2,982 sq ft of living space on a 6,300 sq ft lot (0.14 acres), with separate utilities (boilers) typical for these older multi-family homes. <br> <br>Key highlights for investors:Upper unit is currently tenanted for $1200 per month— providing immediate rental income and cash flow from day one. <br>Lower unit requires rehab — offering strong value-add potential through cosmetic and mechanical updates to bring it to market rents. <br>Solid bones in a location near South Park, with access to Buffalo's revitalizing areas, public transit, and amenities. The neighborhood shows ongoing interest from investors in multi-family properties. <br>Low property taxes (recent assessment around $140,000 total, with taxes historically modest at a few hundred dollars annually). <br> <br>This property suits a hands-on investor or rehabber looking for a turnkey partial cash-flow play with upside from stabilizing the lower unit. Once both units are fully renovated and leased, it could deliver attractive returns in Buffalo's rental market. <br> <br>Potential returns: Buffalo multi-family cap rates generally range 6–8%+ for value-add properties in this segment. Rents in the broader South Buffalo/First Ward area average ~$1,100–$1,600+ per unit for 2–3 bed setups (upper unit likely in that ballpark). Post-rehab, stabilized gross rents could approach $2,400–$3,200/month, supporting solid cash-on-cash once stabilized.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1910
Parcel Number
140200-122-320-0004-010-000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Lot Size Dimensions
35X180
Stories
2
Bath Rooms Full
2
Property Condition
Resale
Elementary School District
Buffalo
Middle Or Junior School District
Buffalo
High School District
Buffalo
Location
Listing Agent
Alan Findlay
Listing Office
Blue Eagle Realty Corp.
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Private Financing Available, Rehab Financing
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-05-19
Owner Pays
Water
Rent Includes
Water
Fire Places Total
0
Flooring
Laminate, Varies
Cooling Features
Other,SeeRemarks
Heating
true
Heating Features
Electric, Other, See Remarks
Appliances
Gas Water Heater
Garage
true
Garage Spaces
2
Water Source
Connected, Public
Sewer
Connected
Utilities
Sewer Connected, Water Connected
Parking Features
Two Or More Spaces
Basement
Full
Construction Materials
Vinyl Siding
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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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.