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Two-Building Multifamily Property
For Sale
$339,900

341 ONTARIO ST, Buffalo, NY 14207

Two connected residential assets offer existing occupancy, a vacant unit, shared parking, and renovation needs across the package.

Property Size8,993 SF
Price / SF$37.80
Days on Market77

Property Features for 341 ONTARIO ST

General Information

Standard status Active
Size 8,993 SF
Property subtype Apartment

Property Condition

Severity Major Repairs Needed
Evidence requires a full renovation

Additional Details

Public Transit Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $8,755

Amenities

Gas
3
Brick
Asphalt, Shingle
8 Parking Spaces. Shared Driveway, Fenced.
76X110

Building Details

Year Built 1906
Buildings 2
Listing Agency: Pioneer Star Real Estate Inc.
Listed By: Pushpa Gunatilake · License #10311200587
Source: Xome
Added: Jun 15 Changed: Aug 28 Last Checked: Aug 29 at 7:13AM

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 Pioneer Star Real Estate Inc.

Investment Insights

Based on property information with market context.

This multifamily offering combines two buildings at 362 and 366 Ontario Street in Buffalo. The 362 Ontario property contains two residential units with six bedrooms and two full bathrooms; one unit is occupied while the other is vacant. The second building includes a three-bedroom apartment on its upper level and requires full renovation. A shared, fenced asphalt parking area serves both structures and provides approximately 8 off-street spaces.

The properties are located in Buffalo’s Riverside neighborhood near schools, places of worship, restaurants, grocery stores, parks, and public transportation. Built in 1906, the package includes a 76X110 site configuration and presents a combination of existing residential occupancy, additional apartment capacity, and a substantial renovation component.

Key Highlights

  • Two‑building multifamily package at 362 and 366 Ontario Street, Buffalo, NY
  • 362 Ontario includes two units with 6 bedrooms and 2 full bathrooms
  • One apartment is tenant‑occupied; the second unit is vacant

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Hair Salon Nail Salon

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

Demographics for 14207, NY

26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Two connected residential assets offer existing occupancy, a vacant unit, shared parking, and renovation needs across the package.
Where is this multifamily property located?
The property is located at 341 ONTARIO ST Buffalo, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑building multifamily package at 362 and 366 Ontario Street, Buffalo, NY; 362 Ontario includes two units with 6 bedrooms and 2 full bathrooms; One apartment is tenant‑occupied; the second unit is vacant
More about this property
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