Calling ALL investors… **FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY generating $54,000 in annual gross rental income!** Located in Buffalo’s Riverside neighborhood near the Niagara River and Riverside Park, this income-producing multi-family offers an attractive combination of established cash flow, separate utilities and future upside. Each of the four apartments features 2 bedrooms and 1 full bath, creating a consistent and desirable unit mix. Current rents total $4,500/month: two leased units at $1,200 each, plus month-to-month units at $1,100 and $1,000. Separate gas and electric utilities add to the property’s investment appeal. The building also features two separate full basements and a massive walk-up attic offering substantial additional storage. Situated on a spacious corner parcel with a large yard, the property may also offer potential to create off-street parking, subject to applicable zoning, approvals and permitting—an attractive opportunity to further enhance tenant convenience and long-term value. Whether adding to an existing portfolio or purchasing a first multi-family investment, this fully occupied Buffalo 4-unit offers immediate rental income with additional upside potential. Some photos have been de-cluttered using ai. Offers reviewed as they come. Showings start immediately.
Property Details
Price:
$329,900
MLS #:
B1706940
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Jones Tr
Neighborhood:
buffalocity140200
Listed Date:
Aug 18, 2026
Finished Sq Ft:
3,814
Total Sq Ft:
3,814
Lot Size:
3,150 sqft / 0.07 acres (approx)
Year Built:
1928
Units:
4
See this Listing
Schools
School District:
Buffalo
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Hardwood, Laminate, Varies, Vinyl
Heating
Gas, Forced Air
Levels
Two
Exterior
Construction Materials
Composite Siding
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
No Driveway
Stories
2
Financial
Taxes
$4,278
Map
Community
- Address71 Condon Avenue Buffalo NY
- SubdivisionJones Tr
- CityBuffalo
- CountyErie
- Zip Code14207
Subdivisions in Buffalo
- 200 Delaware Condo
- 770 West Ferry Condo
- 800 West Ferry Condo
- Admirals Walk Condo
- Allentown
- Appollos Stevens
- Bailey Estate
- Bailey Estates
- Bailey-Lovejoy
- Berkshire Terrace
- Bird Farm
- Black Rock
- Bronson Park
- Bryant Parish Condo
- Buffal0 Crk Reservation
- Buffalo
- Buffalo Creek Reservation
- Buffalo Crk
- Buffalo Crk Indian Reserv
- Buffalo Crk Reservation
- Buffalo Stove Works Prop
- Carriage Lane Condo Bldg
- Central Park
- City Centre Condo
- City Of Buffalo
- City/Buffalo
- Cold Springs
- Colvin Estates
- Colvin Park
- Colvin Park New 04
- Delaware District
- Delaware Tower
- Delaware Tower Condo
- Delaware Tower Condos
- Downtown
- Drexel Add
- Drexel Sub
- East Side
- Ebenezer Lands
- Elmwood
- Elmwood Strip
- Estate/James H Metcalfe
- Executive Condo
- Ferry
- Ferry Lt
- Fillmore Leroy
- First Ward
- Fruit Belt
- Gore
- Gore Tr
- Hamlin Park
- Highland Park
- Historic Warehouse Condo
- Holland Company’s Surv
- Holland Land
- Holland Land Co
- Holland Land Companies Su
- Holland Land Company
- Holland Land Company ‘s S
- Holland Land Company Surv
- Holland Land Company’s Su
- Holland Land Companys
- Holland Land Companys Sur
- Holland Land Cos Curv
- HOLLAND LAND COS SURV
- Holland Land’s Company Su
- Holland Lands Company’s S
- Homes Tr
- Hospital Hill
- Humboldt Park
- James Sperry’s Surv
- Jones
- Jones Tr
- Kaisertown
- Kensington
- Kensington Park
- Land Company’s Surv
- Lands/The Richmond Avenue
- Lang Field Sub Map #2
- Lee & Mcphersons Sub
- Lower West Side
- Manns Plan
- Marina Park Condo B Bldg
- Masten Park
- New York State Reservatio
- Niagara
- North Buffalo
- Parish
- Parish Tr
- Parkside
- Pasquale Condo
- Polonia
- Rivermist Dev Ph 1
- Riverside
- Schiller Park
- South Buffalo
- South Vlg/Black Rock
- St Marys Square Condo
- Steven’s Surv
- Stevens Surv
- University District
- University Heights
- University Park Sub
- Waterfront Village Pt I
- Waterfront Village Pt Ii
- West Side
- Willert Park
- Willert Park Village Ph 1
Market Summary
Current real estate data for Multi Family in Buffalo as of Aug 27, 2026
551
Multi Family Listed
81
Avg DOM
96
Avg $ / SqFt
$289,790
Avg List Price
Property Summary
- Located in the Jones Tr subdivision, 71 Condon Avenue Buffalo NY is a Multi Family for sale in Buffalo, NY, 14207. It is listed for $329,900
Similar Listings Nearby
Courtesy of Towne Housing Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 71 Condon Avenue
Buffalo, NY

