157- 155 Fargo Avenue, Buffalo, NY 14201

New - 31 Hours Ago

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Property Description

Location, location, location! Excellent opportunity to own a three-unit multifamily investment property in Buffalo's highly desirable and appreciating West Side neighborhood. Ideally situated near Elmwood Village, Allentown, Kleinhans Music Hall, D'Youville University, shopping, dining, and public transportation, this property benefits from strong rental demand and long-term upside. The building features three residential units, including a spacious 4-bedroom apartment, a studio/1-bedroom unit, and a well-updated 1-bedroom apartment, all offering functional layouts and solid rental appeal. One unit is currently rented at $1,000 per month, with projected annual gross income exceeding $41,000, while maintaining low property taxes of approximately $3,000 per year-an attractive combination for investors seeking cash flow and appreciation. Recent capital improvements include updated electrical service with three separate meters, vinyl siding, numerous vinyl replacement windows, newer hot water tanks (2018, 2022, 2023), and a high-efficiency furnace installed in 2025. Interior spaces offer flexibility for owner-occupants or investors, with updated flooring and paint in select units and additional value-add potential. With strong fundamentals, updated systems, and a prime location, 157 Fargo Ave is a compelling opportunity for portfolio expansion or house-hacking alike.

157- 155 Fargo Avenue | MLS# B1726610

This multi-family property located at 157- 155 Fargo Avenue, Buffalo, NY 14201 is currently listed for sale with an asking price of $199,900. 157- 155 Fargo Avenue is located within the Buffalo school district. Search Buffalo real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Partial, Sump Pump
Fireplaces: 1
Heating: Gas, Forced Air, Space Heater
Home Style: Triplex
Lot Size: 0.09 Acres
Roof Type: Asphalt, Pitched, Shingle
Stories: 2.0
Taxes: $3,464
Year Built: 1910

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Vinyl Siding, Copper Plumbing
Flooring: Luxury Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 60X138
Parcel#: 140200-099-750-0006-032-000
Parking: Gravel, Parking Available, On Street
Parking Notes: Gravel, Parking Available, On Street
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Buffalo

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Estimated Payment

$ 791.86 per month $444.89 Principal & Interest $288.67 Property Tax $58.30 Homeowner's Insurance

Change Payment Information

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

Demographics

Listed By / Shown By

Listing By

Agency Name: MJ Peterson Real Estate Inc.
Agency Contact: 716-861-7171

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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