348 Virginia St

$1,250,000
Price
13
Beds
Baths
5,655 Sq. Ft.
$221 / Sq. Ft.
5,655
Sq. Ft.
$221
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 348 Virginia Street

On Waterfront
No
Parking Description
Three Or More Spaces, Garage
Nearest Cross Street
Edwards St.
LISTING UPDATED: 11/18/2025 04:55 PM

Property Details for 348 Virginia Street

StatusActive
MLS #B1650978
Days on Market38
Taxes$18,673 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1900
Lot Size0.07 AC / 3,233 SF
CountyErie County

Location

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

Building Information for 348 Virginia Street

Stories2Residences13Year Built1900Building Size-Lot Size0.07 AC / 3,233 SF

Payment Calculator

$7,733 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,177

Property Taxes

$1,556

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 348 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: $18,673.00
Property
Lot Information
  • Building Area Total: 5655.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.0742
  • Lot Size Area: 0.0742
  • Lot Size Square Feet: 3233.0
  • Lot Size Units: Acres
  • Parcel Number: 140200-111-210-0008-024-000
  • Road Frontage: City Street
  • Lot Number: 24
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $895,000
  • Year Built: 1900
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 13
  • Num Of Gas Meters: 9
  • Sewer Description: Connected
  • Utilities Available: Electricity Connected, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Storage Facilities
  • Construction Materials: Frame, Other
  • Exterior Features: Concrete Driveway
  • Roof Description: Asphalt, Shingle
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater
  • Basement Description: Full, Partial
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 13
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Hardwood, Laminate, Varies
  • Heating: Gas, Baseboard, Radiant
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 5655.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $142,500.00
  • Net Operating Income: $104,339.00
  • Number Of Units Total: 13
  • Operating Expenses: $19,488.00
  • Operating Expense Includes: Insurance, Maintenance, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Snow Removal, Trash Collection, Water

Property History for 348 Virginia Street

DateEvent & SourcePriceAppreciation
Nov 18, 2025

Listed (Active)

WNYREIS #B1650978

$1,250,000
Nov 14, 2025

Listed (Active)

WNYREIS #B1650720

$350,000
Jun 25, 2025

Expired

WNYREIS #B1601684

Apr 23, 2025

Listed (Active)

WNYREIS #B1601684

$350,000
Apr 16, 2025

Expired

WNYREIS #B1570075

Mar 9, 2025

Price Change

WNYREIS #B1570075

$364,900
Feb 17, 2025

Price Change

WNYREIS #B1570075

$369,900
Feb 4, 2025

Sold (Public Record)

Public Record #1553655584

$37,500

-38.5% / yr

Jan 20, 2025

Price Change

WNYREIS #B1570075

$389,900
Dec 16, 2024

Price Change

WNYREIS #B1570075

$394,900
Nov 19, 2024

Price Change

WNYREIS #B1570075

$399,900
Oct 4, 2024

Listed (Active)

WNYREIS #B1570075

$425,000
Dec 30, 2020

Sold

WNYREIS #B1283677

$275,000
Dec 29, 2020

Sold (Public Record)

Public Record #688296155

$275,000
Aug 8, 2020

Pending

WNYREIS #B1283677

Aug 3, 2020

Listed (Active)

WNYREIS #B1283677

$275,000
DateEvent & SourcePrice
11/18/2025

Listed (Active)

WNYREIS #B1650978

$1,250,000
11/14/2025

Listed (Active)

WNYREIS #B1650720

$350,000
06/25/2025

Expired

WNYREIS #B1601684

04/23/2025

Listed (Active)

WNYREIS #B1601684

$350,000
04/16/2025

Expired

WNYREIS #B1570075

03/09/2025

Price Change

WNYREIS #B1570075

$364,900
02/17/2025

Price Change

WNYREIS #B1570075

$369,900
02/04/2025

Sold (Public Record)

Public Record #1553655584

$37,500

-38.5% / yr

01/20/2025

Price Change

WNYREIS #B1570075

$389,900
12/16/2024

Price Change

WNYREIS #B1570075

$394,900
11/19/2024

Price Change

WNYREIS #B1570075

$399,900
10/04/2024

Listed (Active)

WNYREIS #B1570075

$425,000
12/30/2020

Sold

WNYREIS #B1283677

$275,000
12/29/2020

Sold (Public Record)

Public Record #688296155

$275,000
08/08/2020

Pending

WNYREIS #B1283677

08/03/2020

Listed (Active)

WNYREIS #B1283677

$275,000

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

Public Records for 348 Virginia Street

Taxable ValueLand$15,400Additions$276,600Total$292,000
Tax Record2024$4,743 ($395 / month)
Home Facts
Baths3.5Total Finished SqFt1,762 SqFtAbove Grade Finished SqFt1,762 SqFtStories2Lot Size6,455 SqFtStyleMulti-Family Dwelling (2-4)Year Built1870ZoningN-2RCountyERIEAPN140200 111.21-7-27.1

Schools near 348 Virginia Street

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - PK to 4
Public - PK to 8
Rating
School
Distance
P.S. 84
PublicK to 12

North Park Community School #50
PublicPK to 4

Discovery School
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.

Similar Homes

Similar Sold Homes

348 Virginia Street is a multi-family home for sale in Buffalo, NY 14201. This property was listed for sale on November 18, 2025 by HUNT Commercial Real Estate Corp. of Buffalo New York, it's currently listed at $1,250,000. It has been on the market for a total of 38 days and was last sold on February 4, 2025. 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. 348 Virginia Street is a 13-bed, 0-bath, 5,655 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.