229 Hagen St, Buffalo, NY 14215

Description

Don't miss this two-family opportunity in Buffalo's East Side — one of the most talked-about real estate markets in the country. Whether you're an out-of-town investor looking to add cash-flowing assets to your portfolio or a savvy buyer ready to live in one unit while the other pays your mortgage, 229 Hagen Street delivers. This solid duplex features two well-laid-out units — one upper, one lower — each with 2 bedrooms, a full bathroom, and separate living, dining, and kitchen spaces. The home offers its own driveway with a generous backyard, offering the privacy and practicality tenants value, and the roof is in decent condition, so you can focus on your returns, not a maintenance list. The property is awaiting new ownership and tenants, giving you the rare ability to set market-rate rents from day one — no inherited tenants, no lease assignments, no waiting for a unit to become available to live in. In today's Buffalo rental market, that pricing flexibility is a serious advantage. Many 3rd party organizations have named Buffalo one of the hottest housing markets since 2024, and investment interest has remained strong ever since. For out-of-town buyers especially, the numbers are compelling: entry-level multifamily pricing paired with genuine rental demand makes Western New York a standout compared to overheated coastal markets. The neighborhood itself is on an upward trajectory. Governor Hochul recently awarded $10 million from the East Side Building Fund to 35 commercial and mixed-use projects, with several funded directly along the East Delavan corridor — right in this property's backyard. That's a meaningful, state-backed commitment to the area's future, and early investors tend to benefit most. With an affordable acquisition cost, vacant units ready for your tenants, and a city that's earned national recognition for its growth, 229 Hagen Street is a straightforward path to ownership — whether you're planting roots or building a portfolio.