203 Auburn Avenue
Buffalo, NY 14213 · Erie County
Price
$225,000
Bed / Bath
5 bd
Interior
4,739 sqft
Lot
3,311 sqft lot
Built
1910
↓ Reduced from $250,000
About this home
Ready, set, invest. Seize this exceptional, fully stabilized 5-unit multi-family asset located in one of Buffalo’s most resilient and high-demand rental pockets. Engineered for immediate cash flow, this turnkey offering delivers the rare trifecta of strength, scale, and a projected 10%+ cap rate. Property Highlights & Capital Improvements: Wrapped in low-maintenance vinyl siding, ensuring long-term curb appeal and reduced exterior upkeep costs. Features a newer architectural roof, offering peace of mind and substantial capital preservation for years to come. Solid, well-maintained mechanicals tailored to stand up to tenant turnover and the Western New York climate. Turnkey Operations: Fully optimized for immediate onboarding—generate revenue from day one. Buffalo continues to rank as a premier Midwest/Rust Belt market for savvy real estate investors, driven by robust renter demand, affordable entry points, and strong yields. Cap Rate: Approaching 10% at current market rents, making this a powerhouse addition to any scaling or cash-flowing portfolio. A rare 5-unit configuration that maximizes income potential while remaining manageable for remote or local management teams. Owner pays most utilities. Equal Housing Opportunity !
Appliances
- Gas Oven
- Gas Range
- Gas Water Heater
- Refrigerator
- See Remarks
Mechanical
Heating
Gas, Forced Air
Schools
District
Buffalo
Tax & finance
Annual taxes
$6,749
Financing
Cash · Conventional
MLS Attribution
Listing courtesy of Iconic Real Estate. Listing agent: Ayat Nieves. Data last updated 9/2/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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