CCertihomes
246 Cambridge Avenue, Buffalo, NY 14215

$129,000

6 beds 2 baths 2,000 sqft Built 19202 days on marketActive

About this home

Rare Investment Opportunity! Welcome to this spacious and well-maintained multi-family home, offering excellent rental potential and a great opportunity for investors or owner-occupants. This property features a total of two large units, each designed for comfortable living. The first-floor unit includes 3 bedrooms, a full bath, a formal dining room, and a generously sized kitchen with plenty of cabinets—perfect for families or long-term tenants. The second-floor unit mirrors this layout with 3 bedrooms, 1 full bath, a separate dining room, and a full kitchen, making it ideal for dual rental income or multi-generational living. With strong rental demand in the area, this property is a true gem. Whether you’re looking to live in one unit and rent out the other, or add a high-yield property to your portfolio, this home has all the right features. Conveniently located near shopping, public transportation, and everyday amenities, this is the kind of opportunity that doesn’t come around often.

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.

Your estimated payment
$1,962/mo

Real estate (PITI + HOA + PMI)
$1,243
Principal + interest$828
Property tax + insurance$367
PMI / 2nd mortgage$48
Utilities
$1,344
Heating + cooling$519
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$1,962/mo TLC
Budget$5,000/mo
Remaining after TLC$3,038/mo
Purchase price
$129,000
Down payment
$6,450 (5%)
Loan amount
$122,550
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1920
Lot size
0.0813 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$2,012
MLS #
B1615176
County
Erie

At a glance

Basement
Garage (1)

Home features

Appliances
GasWaterHeater
Parking
Concrete
Flooring
Hardwood, Other, SeeRemarks, Varies
Sewer
Connected

Lot features

NearPublicTransit, Rectangular, RectangularLot, ResidentialLot

Neighborhood — 14215

MetricThis ZIPCountyUSA
Population40,91119,351,094299,088,112
Population Change Since1990-10.00%8.00%20.00%
Population Density8,855395
Male18,5329,381,926147,432,321
Female22,3799,969,168151,655,844
Never Married12,7354,946,39163,775,926
Married10,2797,166,701123,120,365
Separated2,4521,159,67312,639,686
Widowed2,6221,110,24515,467,586
Divorced3,2021,210,44823,075,029
Number Of House Hold15,9957,102,016111,826,380
Average House Hold Size2.512.642.60
Medial Age32.5236.5335.46
Median House Hold Income$30,553$49,847$48,276
Average House Hold Income$39,925$70,032$63,629
P C I$16,114$26,569$24,529
M D I$27,419$42,210$41,133
A T H E$37,770$54,185$50,898
S T R8.75%4.00%
W C J77.17%81.55%77.74%
(Zip) Code
14215

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 6/21/2025. Provided courtesy of Keller Williams Realty WNY via Buffalo MLS. Information deemed reliable but not guaranteed.