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  • $167,500

    448 Ontario St, Buffalo, NY 14207

    5beds
    4,663sqft
    Mixed Use, Triplex, Multi Family
    Built in 1920
    -- sqft lot
    $287,200 Zestimate®
    $36/sqft
    $1,217 Estimated rent

    Home value

    $287,200

    $244,000 - $333,000

    $1,217/mo

    Zestimate® history
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    $964/mo

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    What's special

    Flexible commercial spaceBrand new tear-off roofCorner lot
    PRIME CORNER INVESTMENT OPPORTUNITY: MIXED-USE PROPERTY IN NORTH BUFFALO Exceptional investment property in Riverside featuring TWO separate buildings on a single corner lot, creating multiple income streams with significant appreciation potential. This N-3E zoned mixed-use property offers 4,663 square feet of total space on a 33' x 110' lot. Front Building: Two-story structure with flexible commercial space on lower level (can be configured as one unit or divided into two) and spacious 3BR/1BA apartment upstairs featuring forced air heating (2005). Rear Building: Private two-story 2BR/1BA single-family home with attached 1-car garage and updated boiler (approx. 5 years old). Recent Updates: Brand new tear-off roof with new decking on rear building (less than 1 month old). 2019 space heater and gas water heater in front retail unit. 2017 gas water heater in upper apartment. Modern circuit breakers with MC cable wiring. Updated plumbing with combination of PVC & steel waste lines, copper, steel, and PEX supply lines. Investment Highlights: Prime corner lot location with excellent visibility. Separate utilities (4 electric meters, 3 gas meters). Three distinct units generating multiple income streams. Will be 100% vacant - opportunity to select your own tenants and set market rents. Estimated monthly rental income: $1,166 (commercial), $1,200 (upper apt), $1,100 (rear house). Potential annual income: $41,600. Projected NOI: $26,646. Strong cap rate potential in growing Buffalo neighborhood. Perfect for investors seeking immediate income or owner-occupants looking to offset mortgage with rental income and potentially operate a business.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nicholas Giambra 716-239-6432,

    Iconic Real Estate

    Bought with:

    Daisjon Petty, 10401311168

    Red Door Real Estate WNY LLC

    Source: NYSAMLSs,MLS#: B1605990MLS LogoOriginating MLS: Buffalo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas, Baseboard, Forced Air, Space Heater
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Natural Woodwork
    • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
    • Basement: Full,None,Sump Pump
    • Has fireplace: No
    Interior area
    • Total structure area: 4,663
    • Total interior livable area: 4,663 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Concrete
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Balcony
    • Exterior features: Balcony, Fence
    • Fencing: Partial
    Lot
    • Size: 3,628 Square Feet
    • Dimensions: 33 x 110
    • Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
    Details
    • Parcel number: 1402000774100002052000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Triplex
    • Property subtype: Mixed Use, Triplex, Multi Family
    Materials
    • Vinyl Siding, Copper Plumbing, PEX Plumbing
    • Foundation: Other, See Remarks, Stone
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

    Community & HOA

    Location
    • Region: Buffalo

    Financial & listing details

    • Price per square foot: $36/sqft
    • Tax assessed value: $125,000
    • Annual tax amount: $3,333
    • Date on market: 5/12/2025
    • Cumulative days on market: 22 days
    • Listing terms: Cash,Conventional,FHA,Rehab Financing,VA Loan

    Price history

    DateEventPrice
    7/18/2025Sold$167,500+11.7%$36/sqft
    Source: NYSAMLSs #B1605990 Report a problem
    6/21/2025Contingent$150,000$32/sqft
    Source: NYSAMLSs #B1605990 Report a problem
    6/7/2025Pending sale$150,000$32/sqft
    Source: NYSAMLSs #B1605990 Report a problem
    5/30/2025Price change$150,000-25%$32/sqft
    Source: NYSAMLSs #B1605990 Report a problem
    5/14/2025Listed for sale$200,000+419.5%$43/sqft
    Source: NYSAMLSs #B1605990 Report a problem
    4/30/2007Sold$38,500$8/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $223,200 +78.6%
    2024-- $125,000
    2023-- $125,000
    2022-- $125,000
    2021-- $125,000
    2020-- $125,000 +224.7%
    2019-- $38,500
    2018-- $38,500
    2017$1,333 +481.8%$38,500
    2016$229 $38,500
    2015-- $38,500
    2014-- $38,500
    Find assessor info on the county website

    Neighborhood: Riverside Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Buffalo

    Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.