333 Elmwood Avenue, Buffalo, NY 14222
sale
$250,000
|
Apartment
Courtesy Of Keller Williams Realty Buffalo Northtowns
Prime Elmwood Strip Investment Property We are pleased to present a rare opportunity to acquire an income-producing, all-brick property in one of Buffalo's most recognizable and walkable urban corridors. Currently holding a Net Operating Income (NOI) of $67,360 at current occupancy (87%) with a potential projected NOI up to $96,716 at 100% occupancy. The asset is ideally positioned on the Elmwood Strip between Elmwood Village and Allentown, the property benefits from strong neighborhood visibility, convenient access to shops, restaurants, cafes, cultural destinations, and nearby employment anchors, including the Buffalo Niagara Medical Campus and Oishei Children's Hospital. The property is currently configured as a three-story lodging house with 16 rentable rooms, offering investors an established income stream with multiple occupancy options. Six rooms include private bathrooms, while the remaining rooms are supported by shared bathrooms located throughout the building. With approximately 9,684 square feet, the building provides substantial scale for continued operation as a cash-flowing rental asset, while also presenting potential long-term upside through repositioning, renovation, or possible conversion into larger apartment-style units, subject to applicable approvals. Located in the vibrant Elmwood Bryant area, the property sits within a neighborhood known for its walkability, historic architecture, independent businesses, restaurants, coffee shops, galleries, and active street life. This central location is a key demand driver for renters seeking convenient access to daily amenities, entertainment, public transit, and major Buffalo destinations. For investors, the combination of an irreplaceable urban location, existing rental income, and flexible future use potential makes this a compelling offering in a highly desirable Buffalo submarket.
Read More About This Property
Read Less About This Property
Copyright © 2026 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Building Units: 15
- Exterior Type: Block
- Exterior Type: Brick
- Exterior Type: Frame
- Exterior Type: MetalSiding
- Floor Covering: Hardwood
- Floor Covering: Varies
- Floors: 3
- Heating System: Radiant
- Heating System: Hot Water(Heating)
- Heating System: Natural Gas
- MLSID: B1698331
- Parking Spaces: 7
- Roof Type: Metal
- Rooms: Basement
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$315,000
Other
800 Kensington Avenue
Buffalo, NY 14215
Building: 2,064 sq. ft.
|
Land: 0.34 Acres
Courtesy Of WNY METRO ROBERTS REALTY
sale
$314,999
Other
314 E Delavan Avenue
Buffalo, NY 14208
Building: 3,849 sq. ft.
|
Land: 0.09 Acres
Courtesy Of Keller Williams Realty Buffalo Northtowns
sale
$299,999
Other
37 Maple Road
Buffalo, NY 14221
Building: 2,100 sq. ft.
|
Land: 0.18 Acres
Courtesy Of WNY METRO ROBERTS REALTY
sale
$299,000
Office
511 Ontario Street
Buffalo, NY 14207
Building: 5,106 sq. ft.
|
Land: 0.1 Acres
Courtesy Of Pioneer Star Real Estate Inc.