348 Virginia Street, Buffalo, NY 14201

$350,000

bedrooms

bathrooms

square feet

2,882

Acreage

0.1482

Open Houses

year built

1870

Full Baths

Half Baths

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An amazing investment opportunity in highly-desirable Allentown! 348 Virginia is TWO, 2-Family homes on a single parcel, in an unbeatable and convenient location-ideal for an investor or owner-occupant. Each structure offers both upper & lower units. The front house includes a spacious lower 3-bed, with updated vinyl flooring and currently rented to a tenant of 5+ yrs at $950/m. The bright & cozy upper 1-bed has fresh paint, updated windows, flooring, kitchen, new refrigerator & is ready for its new owner or great tenant. Both units in the rear house are 1-bed apts that are mirror images of each other. The upper is a tenant of 5+ yrs at $700/m. The rear lower also has fresh paint, new flooring, updated cabinetry, renovated bathroom, new refrigerator & ready for its next resident. Both homes feature maintenance free vinyl siding, newer roofs ('15), w updated electrical systems, plumbing upgrades, & newer HWTs—all delivers peace of mind for the property’s new owner. Coveted off-street parking, w dedicated spaces for each unit as well as green space between the homes. Past gross annual income of $42,000, commanding an attractive cap-rate, priced to sell and WELL BELOW assessed value! Positioned in historic Allentown, the property sits just steps from the area’s shopping, restaurants, nightlife and a short walk to Day’s Park, Klienhan’s Music Hall, the Medical Corridor, and downtown. Don’t miss the rare chance to own this multi-unit property in a prime and desirable location! Please allow 24-48hr notice to view rented spaces. Open house Saturday, April 26th 11am-1pm.

Location
Subdivision	-
County	Erie
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: B1601684

Listing agent: Luigi Rodo #10301222030

Listing broker: Keller Williams Realty Buffalo Northtowns (716) 832-3300

Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, April 26 2025 at 1:57 p.m. EDT

Kotohomes National