Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don’t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
Closed
$240,000
58 Gresham Dr, Amherst, NY 14226
5beds
1,504sqft
Single Family Residence
Built in 1948
7,126 Square Feet Lot
$296,100 Zestimate®
$160/sqft
$2,437 Estimated rent
Home value
$296,100
$278,000 - $314,000
$2,437/mo
Zestimate® history
Owner options
List your home for rent
$2,437/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,437/mo
Rent Zestimate®
Refinance and save
$1,381/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,381/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Thejan Kodituwakku 716-292-8756,
Keller Williams Realty WNY
Bought with:
Thejan Kodituwakku, 10401342241
Keller Williams Realty WNY
Source: NYSAMLSs,MLS#: B1533074
Originating MLS: Buffalo
Originating MLS: BuffaloFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: In Basement
Features
- Living/Dining Room, Bedroom on Main Level
- Flooring: Hardwood, Laminate, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,504
- Total interior livable area: 1,504 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Stories: 2
- Exterior features: Concrete Driveway
Lot
- Size: 7,126 Square Feet
- Dimensions: 50 x 142
- Features: Residential Lot
Details
- Parcel number: 1422890676500003020000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Brick, Frame, Vinyl Siding
- Foundation: Poured
- Roof: Asphalt
Condition
- Resale
- Year built: 1948
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Amherst
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $120,000
- Annual tax amount: $4,977
- Date on market: 4/21/2024
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2024 | Sold | $240,000+0%$160/sqft |
Source:  NYSAMLSs #B1533074 Report a problem | ||
| 5/8/2024 | Pending sale | $239,900$160/sqft |
Source: NYSAMLSs #B1533074 Report a problem | ||
| 4/21/2024 | Listed for sale | $239,900+151.2%$160/sqft |
Source: NYSAMLSs #B1533074 Report a problem | ||
| 8/19/2014 | Sold | $95,500-11.6%$63/sqft |
Source: NYSAMLSs #B453823 Report a problem | ||
| 6/11/2014 | Listed for sale | $108,000-2.7%$72/sqft |
Source: Gurney, Becker & Bourne #B453823 Report a problem | ||
| 11/21/2013 | Listing removed | $111,000$74/sqft |
Source: Gurney, Becker & Bourne #B431900 Report a problem | ||
| 7/19/2013 | Price change | $111,000-3.5%$74/sqft |
Source: Gurney, Becker & Bourne #B431900 Report a problem | ||
| 6/12/2013 | Price change | $115,000-2.5%$76/sqft |
Source: Gurney, Becker & Bourne #B431900 Report a problem | ||
| 2/27/2013 | Price change | $118,000-5.5%$78/sqft |
Source: RE/MAX North #B420596 Report a problem | ||
| 12/8/2012 | Listed for sale | $124,900+62.2%$83/sqft |
Source: RE/MAX North #B420596 Report a problem | ||
| 4/30/1997 | Sold | $77,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $234,000 |
| 2024 | -- | $234,000 +95% |
| 2023 | -- | $120,000 |
| 2022 | -- | $120,000 |
| 2021 | -- | $120,000 |
| 2020 | -- | $120,000 |
| 2019 | -- | $120,000 |
| 2018 | -- | $120,000 |
| 2017 | $4,315 +141.2% | $120,000 +7.1% |
| 2016 | $1,789 | $112,000 |
| 2015 | -- | $112,000 |
| 2014 | -- | $112,000 |
| 2013 | -- | $112,000 |
| 2012 | -- | $112,000 |
| 2011 | -- | $112,000 |
| 2010 | -- | $112,000 |
| 2009 | -- | $112,000 -2.6% |
| 2008 | -- | $115,000 |
| 2007 | -- | $115,000 +4.5% |
| 2006 | -- | $110,000 |
| 2005 | -- | $110,000 +44% |
| 2004 | -- | $76,400 |
| 2003 | -- | $76,400 |
| 2002 | -- | $76,400 |
| 2001 | -- | $76,400 |
| 2000 | -- | $76,400 |
Find assessor info on the county website
Neighborhood: Eggertsville
Nearby homes
- $260,0003 bd1 ba1.2k sqft64 Gresham Dr, Amherst, NY 14226Sold
- $295,6003 bd1 ba1.2k sqft54 Gresham Dr, Amherst, NY 14226Off Market
- $311,0003 bd1 ba1.7k sqft50 Gresham Dr, Amherst, NY 14226Off Market
- $294,6003 bd1 ba1.2k sqft70 Gresham Dr, Amherst, NY 14226Off Market
- $341,5004 bd2 ba1.4k sqft46 Gresham Dr, Amherst, NY 14226Off Market
- $354,6003 bd1 ba1.6k sqft234 Rosedale Blvd, Amherst, NY 14226Off Market
- $275,0003 bd2 ba1.5k sqft349 Maynard Dr, Amherst, NY 14226Pending
- $228,8002 bd1 ba901 sqft345 Maynard Dr, Amherst, NY 14226Off Market
Nearby schools
GreatSchools rating
- 6/10Windermere Blvd SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Amherst Middle SchoolGrades: 6-8Distance: 1.5 mi
- 9/10Amherst Central High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Amherst
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Erie County
- Buffalo
- 14226
- Eggertsville
- 58 Gresham Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Buffalo Topics
