157 Fargo Avenue, Buffalo, NY 14201

• 6 beds |
• 3 baths |
• 2,538 sqft

Property Description

Location, location, location! Excellent opportunity to own a three-unit multifamily investment property with an included adjacent vacant lot in Buffalo’s highly desirable and appreciating West Side neighborhood. Located near Elmwood Village, Allentown, Kleinhans Music Hall, D’Youville University, shopping, dining, and public transportation, this property offers strong rental demand and long-term upside. The building features three residential units including a large 4-bedroom apartment, a studio/1-bedroom unit, and a well-updated 1-bedroom apartment, all with functional layouts and excellent income potential. One unit is currently rented at $1,000 per month, with projected annual gross income exceeding $41,000, while maintaining low annual property taxes of approximately $3,000—an ideal combination for cash flow and appreciation. Recent capital improvements include updated electrical service with three separate meters, vinyl siding, numerous vinyl replacement windows, newer hot water tanks (2018, 2022, and 2023), and a high-efficiency furnace installed in 2025. Interior spaces offer flexibility for owner-occupants or investors, including open living and dining areas, updated flooring and paint in select units, and future value-add potential in the upper apartment. The included vacant parcel at 155 Fargo Ave adds rare flexibility—ideal for off- street parking, additional green space, or future development (buyer to verify). Off-street parking is currently accessed via Cobb Alley, a valuable amenity in this location. Whether you’re searching for a Buffalo investment property, a house-hacking opportunity, or a multi-unit rental with upside, 157 Fargo Avenue delivers income, location, and versatility in one compelling package.

Listing Status:

Active

Date Added:

January 29, 2026

Data Last Updated:

February 10, 2026 at 5:18AM

Listing Office:

MJ Peterson Real Estate Inc. : 716-689-7800

Listing Agent:

Nicholas M Lunetta : 716-861-7171

MLS ID:

B1660150

Interior

• General: Ceiling Fan(s)
• Appliances: Gas Water Heater
• Basement: PartialSump Pump
• Flooring: CarpetLuxury VinylTileVariesVinyl
• Heating: GasForced AirSpace Heater
• Fireplace: FireplaceFireplaces: 1

Exterior

• Style: Triplex
• Parking: Off SiteOn Street

Construction

• Roofing: Asphalt
• General: Vinyl SidingCopper Plumbing2BlockPoured

Location

• Road/Access: City Street
• Originating MLS: NYS_B
• School District: Buffalo
• County: Erie

Lot

• Zoning: 140200-099-750-0006-032-000

Utilities

• Utilities: Cable AvailableElectricity ConnectedSewer ConnectedWater ConnectedCircuit Breakers
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_B