Multifamily Investment Property,
157 Fargo Avenue, Buffalo, NY 14201
MULTI_FAMILY - Other - Buffalo, NY
Property size:
2,538 SFLot size:
0.19 AcresPrice / SF:
$78/SF- Added:
- Mar 30, 2026
- Days on Market:
- 49
- Last Refresh:
- May 17 at 9:06 am
Property Features for 157 Fargo Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bedroom 5
- Parking features
- On Street, Offsite
- Interior features
- CeilingFans
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-099-750-0006-032-000
- Size
- 2,538 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3113
Utilities
- Heating system
- Forced Air, Space Heater, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Vinyl, Tile, Varies
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Nicholas M Lunetta License #10401366040 (716) 861-7171
Listing office MJ Peterson Real Estate Inc. 200 John James Audubon Ste 101, NY (716) 689-7800
Listing date Mar 30, 2026
MLS# B1670043
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in Buffalo's desirable West Side, near Elmwood Village, Allentown, Kleinhans Music Hall, and D'Youville University.
- Strong income potential with projected annual gross income exceeding $41,000, one unit currently rented at $1,000 per month.
- Low property taxes of approximately $3,000 per year.
- Recent capital improvements including updated electrical service, vinyl siding, vinyl replacement windows, and newer hot water tanks.
- Three separate residential units: a 4‑bedroom, a studio/1‑bedroom, and a well‑updated 1‑bedroom apartment.
- High‑efficiency furnace installed in 2025.
Overview
This three-unit multifamily investment property is located in the West Side neighborhood of Buffalo, near Elmwood Village, Allentown, Kleinhans Music Hall, D'Youville University, shopping, dining, and public transportation. The property features three residential units: a 4-bedroom apartment, a studio/1-bedroom unit, and a 1-bedroom apartment, all with functional layouts. One unit is currently rented at $1,000 per month, with projected annual gross income exceeding $41,000. The property taxes are approximately $3,000 per year. Capital improvements include updated electrical service with three separate meters, vinyl siding, numerous vinyl replacement windows, and newer hot water tanks installed in 2018, 2022, and 2023. A high-efficiency furnace was 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. The property size is 2538 square feet and the lot size is 0.1934 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.888475
- Latitude
- 42.901629
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit multifamily property in Buffalo's West Side neighborhood.
Where is this triplex located?
The property is located at 157 Fargo Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime location in Buffalo's desirable West Side, near Elmwood Village, Allentown, Kleinhans Music Hall, and D'Youville University.; Strong income potential with projected annual gross income exceeding $41,000, one unit currently rented at $1,000 per month.; Low property taxes of approximately $3,000 per year.
