Homes for sale - 255 High ST, Buffalo, NY 14204

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Michael Miceli

michael.miceli@westlightrealestate.com +1(315) 591-6101

$ 160,000

Est. payment | -/mo

5 Beds

4 Baths

3,540 SqFt

Save

$ 160,000

Est. payment | -/mo

Save

5 Beds

4 Baths

3,540 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,540 sqft

Price per Sqft $45

Subdivision Holland Land Company'S Su

MLS Listing ID B1604273

Style Triplex

Bedrooms 5

Full Baths 2

Half Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1910

Annual Tax Amount $554

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 25X116

Property Sub-Type Mixed Use

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY! SHOWINGS START WED, MAY 7TH! Income-producing property in one of Buffalo's fastest-appreciating neighborhoods. This multi-family property features both front & rear houses, offering multiple income streams w/ tremendous upside potential. 2 separate buildings on one 25.63' x 116' lot. Front building has retail/commercial space on lower level plus 3BR/1BA apartment above. Rear building is a standalone 2BR/1BA house with first-floor laundry. Recently updated w/ brand new tear-off roof on front house (2024), 2025 electrical service in front house w/ circuit breakers, & 2025 forced air HVAC in upper apartment & rear house. Lower unit can function as retail space or be converted to apartment. Rear house is rent-ready immediately! Property has 3 electric meters & space for 3 gas meters. INCREDIBLE FINANCIALS: Potential gross income of $46,200.00 annually w/ exceptionally low taxes of only $553.82 total annually, w/ projected NOI of $33,213.00 after ALL expenses (yes, even vacancy & collection loss, property management, & repairs & maintenance). Once finished, the value based on a 10% "cap rate": $332,130.00 (nearly DOUBLE the asking price!) THRIVING LOCATION: Blocks from Buffalo Niagara Medical Corridor including Roswell Park, Buffalo General, Kaleida Health, Oishei Children's Hospital, & UB's Jacobs School of Medicine. Near Center of Excellence Bioinformatics and BNMC Innovation Center. Less than 10 blocks to downtown Buffalo. Walking distance amenities include Tim Hortons, Original Anchor Bar (birthplace of Buffalo Wings), Buffalo Tikka House, Penny's Coffee, Coco's, & just blocks from vibrant Allentown district. This property offers an exceptional opportunity to capitalize on Buffalo's growing rental market. With the rear house already rent-ready and potential to maximize income from the front building, this investment offers immediate cash flow with significant upside potential. The incredibly low property taxes and proximity to major medical employers, educational institutions, & downtown make this an unbeatable investment at $160k. SF marketed is different than what exist in the public records, home was professionally measured.

Location

State NY

County Erie

Community Holland Land Company'S Su

Area Buffalo City-140200

Direction On High Street between Locust and Lemon.

Rooms

Basement Full, Partial, Sump Pump

Interior

Interior Features Ceiling Fan(s), Natural Woodwork

Heating Gas, Forced Air

Flooring Carpet, Laminate, Tile, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Laundry Common Area, Washer Hookup

Exterior

Exterior Feature Fence

Fence Partial

Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 2

Foundation Stone

Sewer Connected

Water Connected, Public

Architectural Style Triplex

Level or Stories Two

Structure Type Brick,Composite Siding,Other,Vinyl Siding,Copper Plumbing,PEX Plumbing

Construction Status Existing

Schools

School District Buffalo

Others

Senior Community No

Tax ID 140200-100-810-0012-003-000

Acceptable Financing Cash, Rehab Financing

Listing Terms Cash, Rehab Financing

Special Listing Condition Standard

Listed by Iconic Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(315) 591-6101

michael.miceli@westlightrealestate.com

19 Mccracken Drive, Oswego, New York, 13126, USA

255 High ST Buffalo, NY 14204