58 Park Street

Buffalo NY 14201

4799 sq. ft.

4356 sq. ft.

Multi-Family

Last sold for $640,500

Nicholas Giambra, last sold this property on 30 July 2025 after 756 days on market.

Overview

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 7TH. OPEN HOUSE SATURDAY, MAY 10TH FROM 1:00-3:00PM.

Features

6 bedrooms

4 bathrooms

4799 sq. ft. floor area

4356 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 6 bedroom multi families sold in Buffalo over the last 12 months, the estimated median property value of 58 Park Street is $321.07k.

Median value

$321.07k

Estimated value range

$50k - $849.9k

Median days on market

Estimated value trend

86%

increase 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.

Property history for 58 Park Street

2025

Sold

$640,500

30 Jul 2025 by Nicholas Giambra, of Heritage Property Source

Happy sellers in Buffalo

We have insufficient information to provide an overview of customer satisfaction for Buffalo. Viewing the agent profiles, reviews and sales for Buffalo can provide insights for this location.