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20 Richlawn Avenue, Buffalo, NY 14215

$179,900
  • 20 Richlawn Avenue, Buffalo, NY 14215 Main Photo

28 Photos

New to the Market Active
BEDS4 BATHS2 full SQUARE FEET1,920 MLS#B1716640
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHolland Land Company's Su SCHOOLBuffalo

Property Description

An exceptional opportunity to acquire a well-maintained, income-producing 2 unit with strong rental fundamentals and additional land included. Offering 1,920 square feet of living space, this property provides the flexibility to generate income from both units or occupy one residence while offsetting expenses with rental income from the other. A significant added benefit is the separate 30' x 121' vacant lot, included with the sale. The additional parcel creates potential for future use, expansion, or other investment strategies, subject to applicable zoning and approvals. The lower unit has been thoughtfully renovated while preserving the property's original character, featuring custom kitchen cabinetry, natural woodwork, replacement windows, and a beautifully updated bathroom. The upper unit also benefits from replacement windows, enhancing energy efficiency and long-term tenant appeal. Major capital improvements further strengthen the property's investment profile, including a tear-off roof completed more than seven years ago, blown-in insulation, newer furnaces, and new hot water tanks installed in 2026. Each unit also features its own private porch, providing desirable outdoor space for residents. The property is currently occupied by long-term tenants who have expressed a desire to remain, offering an opportunity for continued rental income from day one with established tenancy already in place. With established rental demand, meaningful capital improvements, quality updates, and a vacant lot offering additional potential, this property presents a compelling opportunity for investors seeking an income-producing asset with both current cash-flow potential and long-term value creation opportunities

20 Richlawn Avenue | MLS# B1716640

This multi-family property located at 20 Richlawn Avenue, Buffalo, NY 14215 is currently listed for sale with an asking price of $179,900. Richlawn Avenue is located within the Buffalo school district. Search Buffalo real estate on www.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Garage: 2
Heating: Gas, Forced Air
Home Style: Duplex
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $2,565
Year Built: 1920

Amenities

Ceiling Fan(s)
Natural Woodwork
Deck

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Blown-In Insulation, Shake Siding, Wood Siding, PEX P
Flooring: Ceramic Tile, Hardwood, Varies, Vinyl
Laundry: Washer Hookup
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 30X121
Parcel#: 140200-090-460-0001-005-000
Parking: Concrete, Two or More Spaces
Parking Notes: Concrete, Two or More Spaces
Patio/Porch: Covered, Deck, Porch
Sewer: Connected
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Buffalo

Listed By / Shown By

Listing By

Agency Name: Red Door Real Estate WNY LLC
Agency Contact: 716-390-8588

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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Estimated Payment

$ 666.60 per month $400.38 Principal & Interest $213.75 Property Tax $52.47 Homeowner's Insurance

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