157- 155 Fargo Ave, Buffalo, NY 14201

Description

Location, location, location! Excellent opportunity to own a three-unit multifamily investment property in Buffalo’s highly desirable and appreciating West Side neighborhood. Ideally situated near Elmwood Village, Allentown, Kleinhans Music Hall, D’Youville University, shopping, dining, and public transportation, this property benefits from strong rental demand and long-term upside. The building features three residential units, including a spacious 4-bedroom apartment, a studio/1-bedroom unit, and a well-updated 1-bedroom apartment, all offering functional layouts and solid rental appeal. One unit is currently rented at $1,000 per month, with projected annual gross income exceeding $41,000, while maintaining low property taxes of approximately $3,000 per year—an attractive combination for investors seeking cash flow and appreciation. Recent capital improvements include updated electrical service with three separate meters, vinyl siding, numerous vinyl replacement windows, newer hot water tanks (2018, 2022, 2023), and a high-efficiency furnace installed in 2025. Interior spaces offer flexibility for owner-occupants or investors, with updated flooring and paint in select units and additional value-add potential. With strong fundamentals, updated systems, and a prime location, 157 Fargo Ave is a compelling opportunity for portfolio expansion or house-hacking alike.