Turnkey 4 unit investment property in the heart of Buffalo’s highly desirable Elmwood Village, offering strong rental demand, mixed use zoning and good income. Located close to Delaware Park, Bidwell Parkway, and some of Buffalo's best shops, dining, and cultural attractions, this property benefits from one of the city’s most stable and sought-after rental markets. The building consists of a 1st floor studio with updated kitchen and bath, hardwood floors, decorative fireplace, and front porch access, along with a recently renovated 2nd floor 1 bedroom that is currently vacant and ready to lease or owner occupy. Renovations include refinished hardwood floors, fresh paint, updated lighting, new outlets and ceiling fans, a second decorative fireplace, leaded glass window, and a private porch overlooking Elmwood Ave. Two additional 1 bedroom units at the rear feature identical layouts with full baths, large living rooms, and spacious kitchens. A full walk-up attic provides potential for future value-add or additional income, while the basement offers a shared laundry area with washer and dryer included. Each unit has its own forced-air furnace and tenants pay their own utilities with the exception of Unit 3, keeping operating costs low. Refrigerators & stoves included in the sale, the tear-off roof is approximately five years old and the fenced backyard adds additional tenant appeal. Whether you are seeking immediate cash flow, a low-maintenance asset in a prime location, or a property with long-term upside, this Elmwood Village 4 unit represents a rare opportunity in a proven rental market.
1042 Elmwood Avenue, Buffalo, NY 14222, is a 3 bedroom, 4 bathroom, 3501 sqft. Multi Family built in 1900.
This property is currently available for sale and was listed on Greater Rochester Association of REALTORS® on 1-5-2026.
The MLS# for this Multi Family is MLS# B1656534.
Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Copyright ©2026 Greater Rochester Association of REALTORS®