$4,452 Closing Credit¹
#B1578403, Jeffrey G Politano, Listing Office: Park Realty of WNY LLC
$364,900 List price
348 Virginia St Buffalo, NY 14201
$4,333
Closing credit¹
6 beds
4 full
2,882 sqft
0.1 acres
$127 / sqft
Multi-Family
Property details
About 348 Virginia St
An amazing investment opportunity in highly-desirable Allentown! 348 Virginia is TWO, 2-Family homes on a single parcel, in an unbeatable and convenient location-ideal for investors or owner-occupants! Each structure offers both upper & lower units. The front house includes a spacious lower 3-bed, with updated vinyl flooring and currently rented to a tenant of 4+ yrs at $950/m. The bright & cozy upper 1-bed has fresh paint, updated windows, flooring, kitchen, new refrigerator & is ready for its new owner or great tenant. Both units in the rear house are 1-bed apts that are mirror images of each other. The upper is a tenant of 4+ yrs at $700/m. The rear lower also has fresh paint, new flooring, updated cabinetry, new refrigerator & ready for its next resident. Both homes feature maintenance free vinyl siding, newer roofs ('15), w updated electrical systems, plumbing upgrades, & newer HWTs—all delivers peace of mind for the property’s new owner. Coveted off-street parking, w dedicated spaces for each unit as well as green space between the homes. Past gross annual income of $42,000, commanding an amazingly attractive cap-rate, priced to sell and well below assessed value at an unheard of $97,500/unit. Positioned in historic Allentown, the property sits just steps from the area’s shopping, restaurants, nightlife and a short walk to Day’s Park, Klienhan’s Music Hall, the Medical Corridor, and downtown. Don’t miss the rare chance to own this multi-unit property in a prime and desirable location! Please allow 24-48hr notice to view rented spaces. Open house Saturday, January 25th from 1pm-3pm
Highlights
Home typeMulti Family
HeatingNatural Gas, Baseboard, Forced Air, Steam
StatusActive
CoolingCeiling Fan(s)
Size2,882 sqft
BasementYes
Lot size0.1482 Acres
Year built1870
ParkingConcrete, Parking Available, Two or More Spaces
MLS #B1570075
Summary
- MLS Number: B1570075
- MLS Name: NYS
- Office Name: Keller Williams Realty WNY
- Office Phone: (716) 913-5126
- Listing Agent: Luigi Rodo
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/13/2025, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$364,900
348 Virginia St
$4,333
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 30, 2020 | Home Sold | $275,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $292,000 | $1,517 |
| 2022 | $292,000 | $1,517 |
| 2021 | $292,000 | $2,194 |
| 2020 | $292,000 | $2,194 |
| 2019 | $80,000 | $2,093 |
| 2018 | $80,000 | $2,065 |
| 2017 | $80,000 | $1,947 |
History based on county public records data.
Nearby schools
3
Persistence Preparatory Academy Charter School
Public Charter KG-3
0.8 mi
•833 Michigan Ave
3
Reach Academy Charter School
Public Charter KG-4
0.8 mi
•115 Ash St
2
Martin Luther King Jr #48
Public District PK-4
1.4 mi
•487 High St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,308. Most Buffalo, NY residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
55%
<35k
35%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
75%
Single, No Kids
8%
Single, with Kids
12%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
4%
12-17 yrs old
37%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Pro Boxing
Where do the neighbors shop?
Banana Republic
H&M
IKEA
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Quiznos
What do the neighbors drive?
Toyota
Volkswagen
Lexus
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 348 Virginia St in Buffalo, NY and zip code 14201 in the Allen neighborhood. This 2,882 square foot home, which was built in 1870, sits on a 0.15 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 4, 2024 and is currently priced at $364,900.
While more than 100 listings in Buffalo, NY in February 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 100 were sold below. The inventory of homes for sale in Buffalo, NY between January and February 2025 decreased by 20.7%. Listings spent 32 days on the market in February 2025, and had a median list price of $240,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.