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Furnished Boarding House with 25 Units
For Sale
Contact for pricing
Pending

353 Richmond Avenue, Buffalo, NY 14222

Furnished boarding house offered with two additional apartments, totaling 25 units and multiple kitchens and updated bathrooms.

Property SizeContact for details
Days on Market150

Property Features for 353 Richmond Avenue

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Gurney Becker & Bourne
Listed By: Carmelo Parlato · License #NY 10401209029
Source: Crexi
Added: Apr 11 Changed: Aug 25 Last Checked: Sep 7 at 2:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gurney Becker & Bourne

Investment Insights

Based on property information with market context.

353 Richmond Avenue is a furnished boarding house configured with 23 rooms and two additional apartments for a total of 25 units. The property includes 3 kitchens and 6 updated full bathrooms, with space described as having room for more. Interiors feature tall pocket doors, large leaded and stained glass windows, elaborate wainscoting, dentil molding, hardwood floors, and 9-foot ceilings, along with an ornate foyer, staircase, and a common area sitting room.

The building is positioned at the corner of Anderson Place and Richmond Avenue. Exterior updates include a new roof and fresh paint, along with a driveway and a large front porch, side gabled roof, and third-floor dormers consistent with Colonial Revival architecture. The property is described as being within less than 2 miles of the Buffalo Niagara Medical Campus, Buffalo State College, Albright-Knox Art Gallery, and downtown Buffalo.

Mechanics and utility systems are noted as updated. The property is presented as currently licensed for operation as described in the remarks, with each unit described as operable on a per-diem basis subject to the property’s boarding house status, current licensure, and certificate of occupancy.

Key Highlights

  • Furnished 23‑room boarding house with 2 additional apartments for a total of 25 units
  • Boarding house setup; each unit can be operated as a short‑term rental on a per diem basis (per current licensure and certificate of occupancy)
  • Corner location at Anderson Pl. & Richmond Ave in Buffalo’s Elmwood Village

Property Analytics

Current Use

The Doctors Residence at Richmond Apartment Building

Suggested Use

Top Pick Electrical Service Locksmith (Bike/Boat/Book/etc) Store Acupuncture Carpet & Flooring Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,818
Businesses Nearby

Demographics for 14222, NY

13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished boarding house offered with two additional apartments, totaling 25 units and multiple kitchens and updated bathrooms.
Where is this short term rental property located?
The property is located at 353 Richmond Avenue Buffalo, NY.
What are key features of this property?
This property features: Furnished 23‑room boarding house with 2 additional apartments for a total of 25 units; Boarding house setup; each unit can be operated as a short‑term rental on a per diem basis (per current licensure and certificate of occupancy); Corner location at Anderson Pl. & Richmond Ave in Buffalo’s Elmwood Village
(716) 335-2227 Call to check price and availability
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