$6,234 Closing Credit¹
#B1608413, Christopher Platt, Listing office: Irish Jones Realty
$650,000 List price
58 Park St Buffalo, NY 14201
$7,719
Closing credit¹
6 beds
4 full
4,799 sqft
0.10 acres
$135 / sqft
Multi-Family
Property details
About 58 Park St
EXCEPTIONAL TURNKEY SHORT-TERM RENTAL INVESTMENT IN HISTORIC ALLENTOWN! House hacking to an extreme level with an owner occupied conventional or FHA loan. Fully renovated & furnished 4-unit property with PROVEN INCOME HISTORY: $97,722 (2022), $94,597 (2023), $100,029 (2024). Strong 8.73% cap rate with $56,775 NOI after ALL expenses. Perfect for investors seeking immediate cash flow in one of Buffalo's most desirable neighborhoods.cComprehensive renovation 7 years ago (city-approved) with ALL NEW systems: plumbing, electrical, HVAC, roof. Building features 2 two-bed/one-bath units and 2 one-bed/one-bath units, each with separate electric/gas, forced air heating, central AC, and 40-gallon hot water tanks. 4,799 sq ft brick building on 0.1-acre lot with valuable off-street parking for 5 vehicles. Prime Allentown location just blocks from Buffalo Niagara Medical Corridor (Roswell Park, Buffalo General, Oishei Children's Hospital, UB Medical School), minutes to downtown, and walking distance to Elmwood Village. Extremely walkable neighborhood surrounded by notable restaurants, bars, and cultural attractions. Potential gross income of $94,200 annually at market rates. Expenses include 5% vacancy/collection loss, 10% property management, and 5% maintenance/repairs. All units currently furnished and ready for continued rental operation. Don't miss this rare opportunity to acquire a high-performing investment property in one of Buffalo's most coveted neighborhoods. SHOWINGS START WEDNESDAY, MAY 7TH. OPEN HOUSE SATURDAY, MAY 10TH FROM 1:00-3:00PM.
Highlights
Home typeMulti Family
HeatingNatural Gas, Forced Air
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Size4,799 sqft
BasementYes
Lot size0.1 Acres
Year built1900
ParkingConcrete, Parking Available, Two or More Spaces
MLS #B1604305
Summary
- Full Bathrooms: 4
- Appliances: Gas Water Heater
- Basement: Yes
- Flooring Type: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl, Varies
- Total Bedroom Count: 6
- Parking: Concrete, Parking Available, Two or More Spaces
- Exterior: Balcony
- Architectural Style: Fourplex
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- List Price: $650,000
- Price/SqFt: $135
- Annual Tax Amount: $2,572
- Tax Year: 2023
- Lot: Near Public Transit, Rectangular Lot
- Directions: On Park Street between Virginia and Allen.
- Year Built: 1900
- Stories: 2
- Living Area: 4,799 SqFt
- Lot Size: 0.1 Acres
- MLS Number: B1604305
- MLS Name: NYS
- Office Name: Iconic Real Estate
- Office Phone: (716) 236-7644
- Office Email: karen@karenmock.com
- Listing Agent: Nicholas Giambra
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: 6/23/2025, 12:55:27 AM 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
$650,000
58 Park St
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 10, 2018 | Home Sold | $550,000 |
| Aug 24, 2015 | Home Sold | $120,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $495,000 | $2,572 |
| 2022 | $495,000 | $2,572 |
| 2021 | $495,000 | $3,461 |
| 2020 | $495,000 | $3,461 |
| 2019 | $90,000 | $3,346 |
| 2018 | $90,000 | $3,199 |
| 2017 | $90,000 | $4,296 |
History based on county public records data.
Nearby schools
3
Persistence Preparatory Academy Charter School
Public Charter KG-3
0.6 mi
•833 Michigan Ave
3
Reach Academy Charter School
Public Charter KG-4
0.8 mi
•115 Ash St
3
Stanley Makowski Early Childhood Center
Public District PK-5
1.2 mi
•1095 Jefferson Ave
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 $53,819. The most common annual income of people living in Buffalo, NY is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
37%
<35k
39%
35k-100k
18%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
80%
Single, No Kids
4%
Single, with Kids
11%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
1%
12-17 yrs old
42%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
Similar homes for sale
$6,769 Closing Credit¹
#B1612833, Maxwell B Salman, Listing office: AMP Equity Management
Tour
$4,986 Closing Credit¹
#B1601416, Aaron Schreiber, Listing office: HUNT Real Estate Corporation
$4,156 Closing Credit¹
#B1601684, Luigi Rodo, Listing office: Keller Williams Realty WNY
$3,799 Closing Credit¹
#B1611748, Kevin McMullen, Listing office: Towne Housing Real Estate
6 days on Rocket
$3,562 Closing Credit¹
#B1615429, Jonathan Bowes, Listing office: 716 Realty Group WNY LLC
$5,936 Closing Credit¹
#B1614228, James Mack, Listing office: Gurney Becker & Bourne
$2,375 Closing Credit¹
#B1600496, Imran Butt, Listing office: Red Door Real Estate WNY LLC
$4,749 Closing Credit¹
#B1591043, Matthew Klafehn, Listing office: Park Realty of WNY LLC
Frequently asked questions
About 58 Park St
The listing price of 58 Park St property is $650,000.
The property 58 Park St is a multi located in Buffalo, New York, 14201.
Accepting Backup Offers: 58 Park St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 58 Park St are: Persistence Preparatory Academy Charter School (GreatSchools Rating 3/10), Reach Academy Charter School (GreatSchools Rating 3/10), Stanley Makowski Early Childhood Center (GreatSchools Rating 3/10), Elmwood Village Charter School Days Park (GreatSchools Rating 5/10), Herman Badillo Bilingual Academy (GreatSchools Rating 3/10), Enterprise Charter School (GreatSchools Rating 1/10), Hutchinson Central Technical High School (GreatSchools Rating 6/10), Emerson School of Hospitality (GreatSchools Rating 2/10), International Preparatory School at Grover Cleveland (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,572 (source: MLS/based on county public records data).
The last sale was on September 10, 2018 for $550,000 (source: MLS/tax record).
The property 58 Park St is 4,799 SqFt (source: MLS/tax record).
The year of construction for 58 Park St is 1900.
This home is located at 58 Park St in Buffalo, NY and zip code 14201 in the Allen neighborhood. This 4,799 square foot home, which was built in 1900, sits on a 0.10 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $650,000.
Over 205 listings were sold over their listed price in May 2025 in Buffalo, NY. In the same period over 75 listings were sold below the listed price and 25 listings were sold for the listed price. In May 2025 in Buffalo, NY there were 0.7% more homes for sale than in April. While the average time on the market in May 2025 was 22 days, the median list price was $241,497.
From Rocket Homes Real Estate and based on county public records data.