723 Kensington Avenue, Buffalo, NY 14215

• 6 beds |
• 2 baths |
• 2,426 sqft

Property Description

723 Kensington Ave in the 14215 presents a rare opportunity for both investors & owner-occupants to secure a property with immediate income, long-term upside, & exceptional value. This solid 3/3 double offers the perfect combination of stability & future growth, featuring a long-term lower tenant of more than 20 years who pays $550 per month plus utilities. While providing reliable income from day one, the current rent is well below today's market rates for a three-bedroom apartment, creating a clear value-add opportunity for investors seeking increased cash flow & stronger returns over time. For owner-occupants, this property offers an ideal house-hacking opportunity. Live comfortably in the bright & spacious upper unit while rental income from the lower apartment helps offset a significant portion of your monthly mortgage payment. It's an excellent way to build equity while enjoying the benefits of homeownership at a reduced cost. The home itself is loaded with desirable features, including separate utilities, high ceilings, updated windows in the upper unit, a full basement w/ laundry hookup for each apartment, & a walk-up attic that offers tremendous potential for additional storage, or future improvements. Outside, the large front porch provides a welcoming space to relax, while the rare off-street parking for three or more vehicles adds convenience & value! Situated near the Kensington & Bailey Avenue corridors, the property offers easy access to shopping, dining, public transportation, schools, & everyday conveniences. It's just minutes from major employers & institutions, including ECMC, & Buffalo Niagara International Airport, helping support strong rental demand & long-term investment potential. Buffalo's affordable housing market, steady population growth, & continued investment throughout the city have made multi-family properties like this increasingly attractive. Whether you're looking to add a cash-flowing asset to your portfolio, generate wealth through rental income, or purchase a home that helps pay for itself, this delivers. Immediate income, significant upside potential, desirable property features, & a convenient location, Here's YOUR VAULE!

Listing Status:

Active

Date Added:

June 17, 2026

Data Last Updated:

June 25, 2026 at 9:16PM

Listing Office:

Howard Hanna WNY Inc. : 716-634-4200

Listing Agent:

Tracy Ann Parke Gibas : 716-416-4663

MLS ID:

B1691061

Interior

• Appliances: Gas Water Heater
• Basement: Full
• Flooring: CarpetLaminateTileVaries
• Heating: GasForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Balcony
• Style: Duplex
• Other Structures: Balcony
• Parking: GravelPavedTwo or More Spaces

Construction

• Roofing: Asphalt
• General: Composite SidingCopper PlumbingPEX Plumbing3Stone

Location

• Road/Access: Main Thoroughfare
• Originating MLS: NYS_B
• School District: Buffalo
• County: Erie

Lot

• Zoning: 140200-090-460-0006-004-000

Utilities

• Utilities: Sewer ConnectedWater ConnectedCircuit Breakers
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: NYS_B