318 Virginia St

Buffalo, NY 14201

$450,000
Price
8
Beds
4,976 Sq. Ft.
$90 / Sq. Ft.
4,976
Sq. Ft.
$90
per Sq. Ft.

Description

Excellent opportunity to acquire a 13-unit cash-flowing portfolio of three multi-family properties spanning 13,511 square feet along Virginia Street in Buffalo’s highly desirable West Side/Allentown corridor. This portfolio includes 308 Virginia St, 318 Virginia St, and 348 Virginia St. All properties feature stable tenancy, strong rental history, and consistent occupancy, making this an ideal addition for investors seeking reliable income in a high-demand rental market. Gross Rent=$11,875 per month,...Excellent opportunity to acquire a 13-unit cash-flowing portfolio of three multi-family properties spanning 13,511 square feet along Virginia Street in Buffalo’s highly desirable West Side/Allentown corridor. This portfolio includes 308 Virginia St, 318 Virginia St, and 348 Virginia St. All properties feature stable tenancy, strong rental history, and consistent occupancy, making this an ideal addition for investors seeking reliable income in a high-demand rental market. Gross Rent=$11,875 per month, $142,500 annual gross. Noi = $102,532/yr, 8.20% asking cap rate. A variety of units - Three 3-bedroom, Two 2-bedroom, and Seven 1-bedroom units, offering flexibility in rental offerings to new tenants. The properties offer well-maintained units, solid mechanicals, providing a turnkey operation with limited immediate maintenance needs. Tenants pay for their own electric and 7 of 13 pay for their own heat (6 are paid by landlord). Capital improvements recently addressed roof, boiler, vinyl replacement windows, new gutters/downspouts, several new HWT across the portfolio, New Plumbing, Fire Prevention, New Laundry Units, and New Electrical Services. Additionally, significant cap ex renovations in several units across the buildings -painting kitchen remodels, baths, plumbing, flooring. The 3 main properties all have stone basements. Virginia Street is centrally located near the Douville College, steps from Allentown and the Elmwood Village, Medical Campus, public transportation, and numerous neighborhood amenities, supporting long-term rental demand and strong performance. This portfolio presents a rare chance to secure multiple turnkey income-producing assets in one of Buffalo’s most sought-after urban neighborhoods. A solid choice for investors looking for stability, steady cash flow, and long-term appreciation potential.
  1. Listed by Nicholas Corto • HUNT Commercial Real Estate Corp. of Buffalo New York
    P: (716)-854-5943 C: (716)-864-1929 nicholas.corto@huntrealestate.com

Property Details for 318 Virginia Street

Subdivision Comm Complex
City/Buffalo
On Waterfront
No
Parking Description
One Space
Nearest Cross Street
W. Tupper
LISTING UPDATED: 12/03/2025 12:18 PM

Property Details for 318 Virginia Street

StatusActive
MLS #B1650719
Days on Market42
Taxes$7,611 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1900
Lot Size0.07 AC / 2,900 SF
CountyErie County

Location

Listing Courtesy of HUNT Commercial Real Estate Corp. of Buffalo New York
Add your commute

Building Information for 318 Virginia Street

Stories2Residences5Year Built1900Building Size-Lot Size0.07 AC / 2,900 SF

Payment Calculator

$2,858 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,224

Property Taxes

$634

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 Virginia Street

Summary
Location and General Information
  • Elementary School District: Buffalo
  • High School District: Buffalo
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $7,611.00
Property
Lot Information
  • Building Area Total: 4976.0
  • Land Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.0666
  • Lot Size Area: 0.0666
  • Lot Size Square Feet: 2900.0
  • Lot Size Units: Acres
  • Parcel Number: 140200-111-210-0007-037-000
  • Road Frontage: City Street
  • Lot Number: 37
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $315,000
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 5
  • Num Of Gas Meters: 5
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other, See Remarks
  • Roof Description: Asphalt, Shingle
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 8
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Tile, Varies, Vinyl
  • Heating: Gas, Baseboard
  • Heating YN: Yes
  • Sq Ft Total: 4976.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 5
  • Operating Expense Includes: Other, See Remarks
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,625.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $1,625.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1625
Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $900.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 900
Unit 3
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $1,100.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1100
Unit 4
  • Unit Type Actual Rent: $975.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $975.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 975
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 318 Virginia Street

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Listed (Active)

WNYREIS #B1650719

$450,000—
Dec 30, 2020

Sold

WNYREIS #B1283698

$300,000—
Dec 29, 2020

Sold (Public Record)

Public Record #688398168

$300,000

+9.8% / yr

Aug 8, 2020

Pending

WNYREIS #B1283698

—
Aug 3, 2020

Listed (Active)

WNYREIS #B1283698

$300,000—
Dec 8, 2004

Sold (Public Record)

Public Record #250342587

$67,000—
Sep 17, 2004

Sold

WNYREIS #B210845

$67,000—
Jun 22, 2004

Pending

WNYREIS #B210845

—
Jun 19, 2004

Listed (Active)

WNYREIS #B210845

$89,900—
DateEvent & SourcePrice
11/14/2025

Listed (Active)

WNYREIS #B1650719

$450,000
12/30/2020

Sold

WNYREIS #B1283698

$300,000
12/29/2020

Sold (Public Record)

Public Record #688398168

$300,000

+9.8% / yr

08/08/2020

Pending

WNYREIS #B1283698

—
08/03/2020

Listed (Active)

WNYREIS #B1283698

$300,000
12/08/2004

Sold (Public Record)

Public Record #250342587

$67,000
09/17/2004

Sold

WNYREIS #B210845

$67,000
06/22/2004

Pending

WNYREIS #B210845

—
06/19/2004

Listed (Active)

WNYREIS #B210845

$89,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 318 Virginia Street

Taxable ValueLand$14,500Additions$300,500Total$315,000
Tax Record2024$8,225 ($685 / month)
Home Facts
Total Finished SqFt3,716 SqFtAbove Grade Finished SqFt3,716 SqFtUnfinished Basement SqFt1,260 SqFtStories2Lot Size2,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningN-2RCountyERIEAPN140200 111.21-7-37

Schools near 318 Virginia Street

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
P.S. 84
Public - K to 12
Research Laboratory High School for Bioinformatics and Life Sciences
Public - 9 to 12
North Park Community School #50
Public - PK to 4
P.S. 27 Hillery Park Academy
Public - PK to 8
Rating
School
Distance
P.S. 84
PublicK to 12

Research Laboratory High School for Bioinformatics and Life Sciences
Public9 to 12

North Park Community School #50
PublicPK to 4

P.S. 27 Hillery Park Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 318 Virginia Street, Buffalo, NY 14201

318 Virginia Street is a multi-family home for sale in Buffalo, NY 14201. This property was listed for sale on November 14, 2025 by HUNT Commercial Real Estate Corp. of Buffalo New York, it's currently listed at $450,000. It has been on the market for a total of 42 days and was last sold on December 30, 2020. This listing's school district is Buffalo City School District. Nearby schools include P.S. 84, Research Laboratory High School for Bioinformatics and Life Sciences and North Park Community School #50. 318 Virginia Street is a 8-bed, 5-bath, 4,976 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HUNT Commercial Real Estate Corp. of Buffalo New York

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.