242 Norwood Ave

Buffalo NY 14222

3102 sq. ft.

4320 sq. ft.

Multi-Family

Last sold for $550,000

Maxwell Salman, last sold this property on 19 May 2026 after 346 days on market.

Overview

Welcome to a timeless Elmwood Village three unit located on the corner of West Utica Street and Norwood Avenue near Five Points, Elmwood Village, Allentown, and downtown Buffalo. This classic old money style home offers three luxurious units filled with gorgeous hardwood floors, rich dark natural woodwork, and tons of natural light throughout. All appliances are included, and the property has been thoughtfully maintained with recent improvements including fresh exterior paint, a new driveway, and a new walkway, along with fresh updates inside the tenant units before move in. The lower unit is a spacious three bedroom one bathroom apartment featuring grand living spaces, beautiful hardwood floors, a wonderful bathroom, and convenient in unit laundry hookups, plus a huge covered front porch that adds the perfect outdoor living space for relaxing or entertaining. Rent for the lower unit is $1,900 per month and the landlord pays gas and water. Upstairs are two back to back one bedroom units, both currently rented for $1,200 per month each, with the landlord also paying gas and water. The upper front unit features a bright front bedroom with beautiful windows and access to a private balcony, while the upper rear unit offers a large eat in kitchen with hardwood floors continuing through the living room and bedroom. Additional highlights include a corner lot setting with a three car driveway, a two car garage, a huge full walk up attic, and a full basement with shared coin operated laundry for tenants.

Features

5 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

3102 sq. ft. floor area

4320 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Buffalo over the last 12 months, the estimated median property value of 242 Norwood Ave is $520k.

Median value

$520k

Estimated value range

$325k - $731k

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Buffalo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.