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Investment Highlights

  • Walkable community
  • Separate meters
  • Business district

Executive Summary

Exceptional opportunity for investors and 1031 exchange buyers seeking immediate scale in one of Buffalo's most active rental corridors. This mixed-use asset features 10 residential apartments and 2 commercial storefronts under one roof, providing multiple income streams and long-term upside. The property encompasses approximately 12,000+ square feet and is strategically positioned on Grant Street, a highly visible commercial corridor with strong foot and vehicle traffic. The building is located just minutes from the campus of the State University of New York at Buffalo, attracting a consistent tenant base and benefiting from the area's ongoing demand for rental housing. The property includes a mix of spacious residential units and street-level commercial spaces, creating diversification and stability for investors. Conveniently located near shopping, restaurants, public transportation, downtown Buffalo, Delaware Park, and major commuter routes. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a value-add mixed-use asset with substantial income potential, 242-244 Grant Street presents a rare opportunity to own a cornerstone investment in Buffalo's thriving West Side market.

Property Facts

Price $849,900
Price Per Unit $70,825
Sale Type Investment
Sale Conditions
1031 Exchange
  • REO Sale
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 12,448 SF
Average Occupancy 100%
No. Stories 3
Year Built 1920
Opportunity Zone Yes
Zoning N-2C - The N-2C zone addresses mixed-use, walkable centers of Buffalo's most compact neighborhoods.
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
140200-088-830-0007-023-000
Land Assessment
$43,600
Improvements Assessment
$875,600
Total Assessment
$919,200
  • Listing ID: 41013405

  • Date on Market: 6/22/2026

  • Last Updated:

  • Address: 242 Grant St, Buffalo, NY 14213

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