Greg C. Ramin

81 Aldrich Place, Buffalo, NY 14220

New - 6 Hours Ago
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Property Description

81 Aldrich Place, Buffalo, NY 14220 South Buffalo 2-Family Cash Flow Opportunity - Upper 2-Bed+1study+utility room Unit Vacant & Ready to Rent. Located on a quiet, well-maintained street in desirable South Park / South Buffalo, this classic 2-unit multifamily (approx. 2,016 sq ft total) offers immediate income upside with the upper 2-bedroom unit currently vacant. The lower unit is a spacious 3-bedroom with updates including kitchen, bath, and first-floor laundry, plus a large living room and big backyard. Key Investment Highlights:Strong Rental Demand: South Buffalo continues to see steady rental growth with median rents around $1,250-$1,300/month in the neighborhood. A well-presented upper 2-bed can realistically target $1,000-$1,300/month, while the lower 3-bed supports similar or higher pricing, delivering potential gross rents of $2,200-$2,600+/month once stabilized. Immediate Cash Flow Potential: Vacant upper unit means you can lease it quickly and start collecting rent right away - perfect for investors seeking low vacancy and fast ROI. Affordable Entry + Appreciation: South Buffalo remains one of Buffalo's most accessible neighborhoods for investors, with solid long-term value growth driven by community strength, proximity to parks, South Park Avenue amenities, and the city's broader revitalization. Buffalo's rental market stays resilient with consistent demand from local workers, families, and newcomers. Low-Maintenance Character Home: Built in 1901 with classic Buffalo double features - separate entrances, yard space, and room for cosmetic/value-add updates that can boost rents and equity quickly. Whether you're looking for a house hack, portfolio addition, or strong cash-flowing asset with sweat-equity upside, 81 Aldrich Place delivers a low-barrier entry into a proven Buffalo rental market. Quiet street, established neighborhood, and one unit ready to occupy = reduced holding costs and quicker stabilization.

81 Aldrich Place | MLS# B1682056

This home located at 81 Aldrich Place, Buffalo, NY 14220 is currently listed for sale with an asking price of $159,000. This property was built in 1901 and has 5 bedrooms and 2 full baths with 2016 sq. ft. Aldrich Place is located within the Buffalo school district. Search Buffalo real estate on greg-ramin.coldwellbankerprime.com today.

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Property Features

Property Type: Residential -
Basement: Full
Heating: Gas, ForcedAir
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $2,926
Year Built: 1901

Feature Descriptions

Appliances: GasWaterHeater
Exterior: VinylSiding
Flooring: Laminate, Varies
Lot: Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 29X128
Parcel#: 140200-133-790-0004-023-000
Parking: NoDriveway
Parking Notes: NoDriveway
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Buffalo

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Estimated Payment

$ 644.07 per month $353.87 Principal & Interest $243.83 Property Tax $46.38 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Blue Eagle Realty Corp.
Agency Contact: 716-436-1296

Shown By

Agent Name: Greg C. Ramin
Agent Phone: (315) 345-8159 Cell
Agency Title: Coldwell Banker Prime Properties

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