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Street View
$489,000
Monthly Est:$2,434
12 Beds
-- Bath
7,532sqft
2961 Bailey Ave, Buffalo, NY 14215
$489,000
$2,434/moEst:
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Multi Family
Built in 1936
$-- HOA
0.11 acre lot
$65/sq.ft
Description
Investment Opportunity! A well-maintained multifamily property in the heart of Buffalo, offering 10 income-generating units, including a mix of one-bedroom, two-bedroom, three-bedroom, and studio apartments. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $950 per month, bringing in a solid monthly gross income of $8,400 and an annual gross potential of $100,800. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns.
- Houzeo last checked: 13 minutes ago
- Listing updated: November 9, 2026 at 11:33 pm
- Listing Provided by: Rabia Ellahi (347) 553-7406 DRE #10491212375, Hashim Iqbal (716) 275-4687 DRE #10401391400 | Red Hawk Real Estate (347) 553-7406
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: B1727937
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1936
HOA Fees
-
Finished Area
7,532 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
B1727937
MLS Status
Active
Days on Market
2
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathroom: --
Interior
Flooring
Hardwood, Laminate, Varies
Appliances
Gas Water Heater, See Remarks
Heating
Gas, Baseboard
Sewer
Connected
Construction
Year Built
Year Built: 1936
Home type
Multi Family
Roof
Asphalt
Property Condition
Resale
Construction Materials
Brick, Frame
Utilities & Energy
Utilities
Sewer Connected, Water Connected
Basement
Full
Parking Features
None, No Driveway
Water Source
Connected, Public
Other Features
Community Features
Other, See Remarks
Lot Features
Flag Lot, Near Public Transit
Price History
| Date | Event | Price |
|---|---|---|
11/09/2026 Source: | Listed for Sale | $489,000 -2.18% $65/sqft |
07/17/2026 Source: | Listing Removed | $499,900 $66/sqft |
07/17/2026 Source: | Off Market | $499,900 $66/sqft |
04/25/2026 Source: | Listed for Sale | $499,900 +88.64% $66/sqft |
10/25/2022 Source: | Price Decreased | $265,000 -18.46% $35/sqft |
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Kensington-Bailey Ranks #49 in Buffalo, NY
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Based on data from the New York State Alliance of MLSs (CNYIS, Inc., UNYREIS and WNYREIS) through Nov 12, 2026, 06:45AM.. All information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable by is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 the New York State Alliance of MLSs. All Rights Reserved.
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