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359 Lafayette Avenue , Buffalo, NY 14213
359 Lafayette Avenue, Buffalo, NY 14213
3140
sq ft
2
units
2
gas meters
2
electric meters
2
hot water tanks
2
heating units
2
cooling units
Unit 1
$1,650
rent
Tenant Occupied
status
4
beds
1
baths
Unit 2
$1,300
rent
Tenant Occupied
status
3
beds
1
baths
Unit 1
$1,650
rent
Tenant Occupied
status
4
beds
1
baths
Unit 2
$1,300
rent
Tenant Occupied
status
3
beds
1
baths
Investment Summary
Generating nearly $36,000 in annual rental income, this architect-owned property represents an outstanding opportunity for investors seeking both cash flow and appreciation potential. The combination of authentic period details, professional restoration work, modern systems, and strong rental income makes this a standout investment.
Perfect for: Experienced investors, first-time rental property owners, design enthusiasts, or anyone seeking a premium duplex with genuine character and professional-grade restoration.
Don't miss this rare opportunity to own a move-in ready duplex that has been lovingly restored by an architect who chose it as her dream home from among dozens of options.
Exceptional Income-Producing Duplex with Character & Modern Updates
359 Lafayette Avenue, Buffalo, NY 14213
Discover this beautifully maintained 3,140 square foot duplex that perfectly blends historic charm with modern convenience. This impressive 2.5-story property offers exceptional rental income potential with strong tenant occupancy and meticulous upkeep throughout.
Property Highlights
Prime Investment Opportunity
- Current rental income: $2,950/month ($35,400 annually)
- Lower unit: 3 bed/1 bath - $1,300/month
- Upper unit: 4 bed/1 bath - $1,650/month
- Separate utilities (electric & gas) for each unit
- Excellent rental history and strong market demand
Character Features That Set This Property Apart
- Stunning oak hardwood floors with distinctive cherry wood inlay borders
- Original fireplace featuring oak mantle and ceramic tiles
- Elegant pocket doors throughout
- Preserved original door, window, and baseboard moldings
- Second floor foyer and landing area adds sophistication
Recent Upgrades & Mechanical Excellence
- High-efficiency forced air systems with central air conditioning in both units (2022)
- Rebuilt chimney for peace of mind
- 11-year-old roof in excellent condition
- Separate electric and gas meters for each unit
- Circuit breaker electrical service
Exceptional Space & Storage
- Full basement with impressive 7-foot ceilings - structurally sound and perfect for storage or future finishing
- Full attic space, partially finished, offering expansion potential
- Upper unit features convenient in-unit laundry
- Generous room sizes throughout both units
Outdoor Appeal
- Fully fenced backyard provides privacy and security
- Attractive wood gate and gable entry
- Well-maintained 32' x 125' lot (0.0918 acres)
Location Benefits
Located in Buffalo's desirable Lafayette Avenue corridor, this property offers:
- Easy access to downtown Buffalo
- Proximity to local amenities and transportation
- Strong neighborhood fundamentals
$400,000
Open house dates
