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10-Unit Multifamily Property
For Sale
$499,900

2961 Bailey Avenue, Buffalo, NY 14215

Fully occupied apartment building with varied unit configurations near transit, shopping, schools, and public transportation.

Property Size7,532 SF
Price / SF$66.37
Days on Market46

Property Features for 2961 Bailey Avenue

General Information

Standard status Active
Size 7,532 SF
Property subtype MultiFamily
Occupancy 100%

Additional Details

Gross Income $97,200
Public Transit Yes
Multifamily Units 10
Listing Agency: eXp Realty
Listed By: Sabbir Ahmed
Source: Nicholcityrealty
Added: Jul 15 Changed: Aug 28 Last Checked: Aug 28 at 7:24AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This multifamily property contains 10 apartments totaling 7,532 square feet. The unit mix includes one-bedroom, two-bedroom, three-bedroom, and studio apartments, providing a range of residential layouts within the building. All units are currently occupied.

Located at 2961 Bailey Avenue in Buffalo, the property sits along a transit corridor with shopping, schools, and public transportation nearby. Its address places residents within a convenient setting for everyday services and transit access.

Key Highlights

  • 10 income‑generating apartment units
  • 7,532‑square‑foot multifamily property
  • Unit mix includes one‑bedroom, two‑bedroom, three‑bedroom, and studio apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Kitchen & Bath Showroom Electrical Service

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

Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

746
Businesses Nearby

Demographics for 14215, NY

42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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?
Apartment building - Fully occupied apartment building with varied unit configurations near transit, shopping, schools, and public transportation.
Where is this apartment building located?
The property is located at 2961 Bailey Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 10 income‑generating apartment units; 7,532‑square‑foot multifamily property; Unit mix includes one‑bedroom, two‑bedroom, three‑bedroom, and studio apartments
More about this property
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