41 Allegany Street, Buffalo, NY 14220

New - 13 Hours Ago

32 Photos

Property Description

Excellent investment opportunity in South Buffalo! This unique property features two separate buildings on one lot with three residential units, offering multiple streams of rental income. The front house consists of a recently remodeled two-bedroom lower unit currently rented for $900/month and a one-bedroom upper unit currently rented for $550/month both month to month. The rear building is a separate three-bedroom single-family home, completely renovated in Oct 2026, with projected rental income of at least $1,200/month. The property currently generates $1,450/month in rental income, with potential gross monthly income of approximately $2,650 and annual gross income of $31,800 or more once all units are rented. A fantastic opportunity for investors seeking immediate cash flow with additional income potential. Conveniently located in South Buffalo near shopping, restaurants, parks, schools, and major roadways. Don't miss this opportunity to own a versatile, income-producing property with three separate living units!

41 Allegany Street | MLS# B1726028

This home located at 41 Allegany Street, Buffalo, NY 14220 is currently listed for sale with an asking price of $249,000. This property was built in 1930 and has 6 bedrooms and 3 full baths with 2941 sq. ft. Allegany Street is located in the Buffalo Crk Reservation subdivision within the Buffalo school district. Search Buffalo Crk Reservation real estate on blake-hitt.timberlandproperties.com today.

Gallery

Property Features

Property Type: Residential - Multiple
Basement: Full, SumpPump
Heating: Gas, ForcedAir, WallFurnace
Home Style: RowHouse, Triplex
Lot Size: 0.09 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $3,329
Year Built: 1930

Amenities

Balcony
Fence

Feature Descriptions

Appliances: GasWaterHeater
Exterior: WoodSiding, CopperPlumbing, PexPlumbing
Fencing: Partial
Flooring: Carpet, Hardwood, Laminate, Varies
Laundry: WasherHookup
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 32X126
Parcel#: 140200-133-390-0001-021-000
Parking: OnStreet, TwoOrMoreSpaces
Parking Notes: OnStreet, TwoOrMoreSpaces
Patio/Porch: Balcony, Open, Porch
Sewer: Connected
Units: 3
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Buffalo

Estimate Your Payment

Estimated Payment

$ 904.21 per month $554.17 Principal & Interest $277.42 Property Tax $72.63 Homeowner's Insurance

Change Payment Information

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yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: MLS Nation Realty LLC
Agency Contact: 716-310-3102

Shown By

Agent Name: Blake Hitt
Agent Phone: (607) 434-8219
Agency Title: Timberland Properties

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