58 Park Street
Buffalo, NY 14201
- 6 beds
- 4 baths
- 4,799 sqft
- 4,356 sqft lot
- $135 per sqft
- 1900 build
- – on site
EXCEPTIONAL TURNKEY SHORT-TERM RENTAL INVESTMENT IN HISTORIC ALLENTOWN! House hacking to an extreme level with an owner occupied conventional or FHA loan. Fully renovated & furnished 4-unit property with PROVEN INCOME HISTORY: $97,722 (2022), $94,597 (2023), $100,029 (2024). Strong 8.73% cap rate with $56,775 NOI after ALL expenses. Perfect for investors seeking immediate cash flow in one of Buffalo's most desirable neighborhoods.cComprehensive renovation 7 years ago (city-approved) with ALL NEW systems: plumbing, electrical, HVAC, roof. Building features 2 two-bed/one-bath units and 2 one-bed/one-bath units, each with separate electric/gas, forced air heating, central AC, and 40-gallon hot water tanks. 4,799 sq ft brick building on 0.1-acre lot with valuable off-street parking for 5 vehicles. Prime Allentown location just blocks from Buffalo Niagara Medical Corridor (Roswell Park, Buffalo General, Oishei Children's Hospital, UB Medical School), minutes to downtown, and walking distance to Elmwood Village. Extremely walkable neighborhood surrounded by notable restaurants, bars, and cultural attractions. Potential gross income of $94,200 annually at market rates. Expenses include 5% vacancy/collection loss, 10% property management, and 5% maintenance/repairs. All units currently furnished and ready for continued rental operation. Don't miss this rare opportunity to acquire a high-performing investment property in one of Buffalo's most coveted neighborhoods. SHOWINGS START WEDNESDAY, MAY 8TH. OPEN HOUSE SATURDAY, MAY 10TH FROM 1:00-3:00PM.
Last checked:
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Last updated May 7, 2025
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MLS# B1604305 —
The Building
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Year Built:1900
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Year Built Details:Existing
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Construction Materials:Brick,Other,CopperPlumbing,PexPlumbing
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Architectural Style:Fourplex
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Roof:Asphalt
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Basement:Full
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Basement:true
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Foundation Details:Stone
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Exterior Features:Balcony
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Patio And Porch Features:Balcony
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Levels:Two
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Building Area Total:4799.0
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Building Area Source:PublicRecords
Interior
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Flooring:Carpet,CeramicTile,Hardwood,LuxuryVinyl,Varies
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Fireplace:false
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Laundry Features:CommonArea
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:4,799 Sqft
Financial & Terms
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Rent Includes:TrashCollection,Water
Location
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Directions:On Park Street between Virginia and Allen.
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:140200-100-770-0007-013-000
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Lot Features:NearPublicTransit,Rectangular,RectangularLot,ResidentialLot
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Lot Size Dimensions:38X120
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Lot Size Acres:0.1
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Lot Size SqFt:4356.0
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Lot Size Area:0.1
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Lot Size Units:Acres
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Waterfront:false
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (716) 239-6432
- Office phone:
- (716) 236-7644
Taxes
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Tax Lot:13
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Tax Annual Amount:13193.0
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Tax Assessed Value:495000
Beds
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Bedrooms Total:6
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Gas,ForcedAir
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Utilities:ElectricityConnected,HighSpeedInternetAvailable,SewerConnected,WaterConnected
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Electric:CircuitBreakers
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
Schools
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Elementary School District:Buffalo
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Middle Or Junior School District:Buffalo
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High School District:Buffalo
The Community
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Senior Community:false
Parking
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Parking Features:Concrete,ParkingAvailable,TwoOrMoreSpaces
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/7/25
May 7, 2025
|
Listed / Active | NYSAMLS | $650,000 | |
|
8/19/24
Aug 19, 2024
|
Price Changed | NYSAMLS | ||
|
7/9/24
Jul 9, 2024
|
Listed / Active | NYSAMLS |
