$480,000
About this home
This is a prime investment opportunity in one of Buffalo’s most sought-after neighborhoods. Located just outside the vibrant Elmwood Village, this fully occupied five-unit property at 373 Elmwood Ave is perfectly positioned between some of the area’s best restaurants, nightlife, and the bustling Allentown district. The building features two 1 bedrooms, two 2 bedrooms, and 1 studio, which was most recently rented and new finishes. Throughout the property, you’ll find charming white kitchens, with two units showcasing decorative fireplaces and one unit offering a private balcony. The property includes a clean, well-maintained city basement with shared laundry facilities for tenant convenience. A large concrete lot behind the house provides ample off-street parking, a rare and valuable feature in this area. All units are currently leased, ensuring immediate rental income for the new owner. Public transit and downtown Buffalo are easily accessible, making it an attractive location for tenants. From an investment perspective, this property benefits from strong rental demand in a high-growth market with limited inventory and rising property values. It has been professionally managed and maintained to ensure a smooth ownership transition. We can provide a full history of rent, renovations and upkeep upon request. This is an ideal turnkey asset for investors or property managers seeking stable cash flow in one of Buffalo’s most dynamic neighborhoods. Don’t miss this rare chance to add a well-maintained, high-performing property to your portfolio. Contact us today for financials, rent roll, and to schedule a private tour.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $4,681
- Utilities
- $2,508
- Transportation
- $0
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Lot features
NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Neighborhood — 14222
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 10,093 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -11.00% | 8.00% | 20.00% |
| Population Density | 9,764 | 395 | — |
| Male | 5,040 | 9,381,926 | 147,432,321 |
| Female | 5,052 | 9,969,168 | 151,655,844 |
| Never Married | 4,569 | 4,946,391 | 63,775,926 |
| Married | 2,521 | 7,166,701 | 123,120,365 |
| Separated | 419 | 1,159,673 | 12,639,686 |
| Widowed | 605 | 1,110,245 | 15,467,586 |
| Divorced | 991 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 5,582 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 1.74 | 2.64 | 2.60 |
| Medial Age | 36.31 | 36.53 | 35.46 |
| Median House Hold Income | $37,436 | $49,847 | $48,276 |
| Average House Hold Income | $58,687 | $70,032 | $63,629 |
| P C I | $33,176 | $26,569 | $24,529 |
| M D I | $32,912 | $42,210 | $41,133 |
| A T H E | $48,460 | $54,185 | $50,898 |
| S T R | 8.75% | 4.00% | — |
| W C J | 85.96% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 6/12/2025. Provided courtesy of Carl P. Paladino via Buffalo MLS. Information deemed reliable but not guaranteed.