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Welcome to 428 Norwood, in the Elmwood Village. This 3-Unit Property is a rare opportunity in one of Buffalo's most sought-after communities. 1st Floor tenant has flexibility in lease leaving room for an owner-occupied unit. Financials provided in the attachments, $48,964.00 in NOI. a 7.21% Cap Rate. Reference attachments for floor plans. Each unit has separate utilities, High-efficiency forced air furnaces for the first and second floor units, central AC, gas hot water tanks and 100-Amp electrical services. Separate laundry for each unit. 1st-floor unit features a large living space, completely remodeled kitchen with a massive center island. 2 large bedrooms and a perfect work from home office space as well. Screened-in porch off the back. 2nd floor unit is a spacious 3-bedroom with an open floor plan and a completely remodeled kitchen. 3rd-floor unit makes an amazing usage of the square footage and the attention to detail in the remodeling throughout the property is just as apparent. This unit is currently being used on STR sites. Concrete driveway with parking for 3 vehicles. Stately exterior loaded with historical charm and the updates provide the convenience of modern living.
| DAYS ON MARKET | 99 | LAST UPDATED | 1/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1905 | COMMUNITY | Buffalo City-140200 |
| COUNTY | Erie | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| School District | Buffalo |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Buffalo City-140200 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Copper Plumbing, Vinyl Siding, Wood Siding |
| EXTERIOR | Balcony |
| HEAT | Forced Air, Gas |
| INTERIOR | Ceiling Fan(s), Skylights |
| LOT | 4561 sq ft |
| LOT DESCRIPTION | Rectangular, Residential Lot |
| LOT DIMENSIONS | 36x125 |
| PARKING | Concrete,On Street,Two or More Spaces |
| SEWER | Connected |
| STORIES | 3 |
| STYLE | Triplex |
| TAXES | 5231 |
| UTILITIES | Sewer Connected,Water Connected, Electric - Circuit Breakers |
| WATER | Connected,Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by: Joseph Strano, Iconic Real Estate
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