255 High Street
Buffalo, NY 14204
- 5 beds
- 4 baths
- 3,540 sqft
- 3,050 sqft lot
- $45 per sqft
- 1910 build
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 7, 2025
•
MLS# B1604273 —
The Building
-
Year Built:1910
-
Year Built Details:Existing
-
Construction Materials:Brick,CompositeSiding,Other,VinylSiding,CopperPlumbing,PexPlumbing
-
Architectural Style:Triplex
-
Roof:Asphalt
-
Basement:Full,Partial,SumpPump
-
Basement:true
-
Foundation Details:Stone
-
Exterior Features:Fence
-
Levels:Two
-
Building Area Total:3540.0
-
Building Area Source:PublicRecords
Interior
-
Interior Features:CeilingFans,NaturalWoodwork
-
Flooring:Carpet,Laminate,Tile,Varies,Vinyl
-
Fireplace:false
-
Laundry Features:CommonArea,WasherHookup
-
Stories:2
-
Stories Total:2
Room Dimensions
-
Living Area:3,540 Sqft
Location
-
Directions:On High Street between Locust and Lemon.
The Property
-
Property Type:Residential
-
Property Subtype:MixedUse
-
Property Condition:Resale
-
Parcel Number:140200-100-810-0012-003-000
-
Lot Features:NearPublicTransit,Rectangular,RectangularLot,ResidentialLot
-
Lot Size Dimensions:25X116
-
Lot Size Acres:0.07
-
Lot Size SqFt:3050.0
-
Lot Size Area:0.07
-
Lot Size Units:Acres
-
Waterfront:false
-
Fencing:Partial
-
Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (716) 239-6432
- Office phone:
- (716) 236-7644
Taxes
-
Tax Lot:3
-
Tax Annual Amount:554.0
-
Tax Assessed Value:66000
Beds
-
Bedrooms Total:5
Baths
-
Total Baths:4
-
Full Baths:2
-
Half Baths:2
Heating & Cooling
-
Heating:Gas,ForcedAir
-
Heating:true
Utilities
-
Utilities:ElectricityConnected,HighSpeedInternetAvailable,SewerConnected,WaterConnected
-
Electric:CircuitBreakers
-
Sewer:Connected
-
Water Source:Connected,Public
Appliances
-
Appliances:GasWaterHeater
Schools
-
Elementary School District:Buffalo
-
Middle Or Junior School District:Buffalo
-
High School District:Buffalo
The Community
-
Subdivision Name:Holland Land Company's Su
-
Senior Community:false
Parking
-
Parking Features:NoDriveway
Monthly cost estimate
Asking price
$160,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$856
|
| Taxes | $46 |
| Insurance | $44 |
| Utilities | $288 See report |
| Total | $1,234/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/7/25
May 7, 2025
|
Listed / Active | NYSAMLS | $160,000 | |
|
12/14/24
Dec 14, 2024
|
Price Changed | NYSAMLS | ||
|
12/3/24
Dec 3, 2024
|
Price Changed | NYSAMLS |
60% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $10k above asking price on average, but some went as high as $70k over asking price.
