385 Linwood Ave Buffalo, NY 14209
This stunning 3-story, 5,029 square foot building, constructed in 1900 and extensively renovated in 2019, presents a unique investment opportunity in Buffalo, NY. Located at 385 Linwood Ave, this property boasts a prime location within walking distance of Elmwood Village and close to downtown and major colleges. The building's versatility is a key feature, suitable for various uses. It could function as a multi-family rental property, offering seven spacious bedrooms, three full bathrooms, and two half bathrooms. Alternatively, its adaptable layout is ideal for multiple office types, including executive or medical offices, with seven or more office spaces, a conference/meeting room, waiting room, and kitchen/break room. The property features a sprinkler system, ensuring safety and peace of mind. The exterior is equally impressive, showcasing a beautiful slate roof in excellent condition and a south chimney rebuilt to original specifications, complete with a new gas fireplace in the living room. Solid mechanics ensure comfort throughout. Interior highlights include a large open kitchen, perfect for entertaining, and a private, fenced-in yard with a brand-new fence and deck. The asking price is $499,900, with a price per square foot of $99.40. The property is zoned for residential multi-unit use. This is a rare chance to acquire a historic property with modern updates, offering significant potential for return on investment. Don't miss this opportunity to own a piece of Buffalo's rich history.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.