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227 Abbott Rd, Buffalo, NY, 14220

$489,000

Home List Price

$5,807*

Closing Credit

5 Bedrooms
0 Baths
6,641 SqFt
$74/SqFt
House

Location

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227 Abbott Rd, Buffalo$489,000

Buyer Closing Credits

$5,807*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOne Space, Driveway
Year Built1920
HeatingNatural Gas, Baseboard, Hot Water, Radiant
BasementYes
MLS #B1572825
Lot Size0.23 Acres
StatusActive

About 227 Abbott Rd

This classic 6-unit rental property is a prime investment opportunity with historic feel and architecture and good cap rate, in great Abbott Road South Buffalo Location. Impressive architecture, and ample off-street parking, it’s perfect for investors. The property features 6 well-maintained residential units, each with its own storage unit, on site parking, and Common Laundry. An added spacious garage close to 42 x40 with two 10 foot high entry doors has significant potential for conversion into additional rental opportunity, Currently, the garage generates $400/month from a tenant, but it offers room for over 6 cars and could bring even more income if converted. With a gross annual income exceeding $51k, this property is fully occupied and each unit is thoughtfully cared for including windows. The sale includes the adjoining lot at 229, providing tenants with plenty of parking. Plus, there's a convenient bus stop right out front. This is a fantastic opportunity that shouldn’t be missed!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 3
  • Living Area: 6,641 SqFt

Listing Office:

  • Office Name: Century 21 North East
  • Office Phone: (716) 652-0232
  • Listing Agent: Jerrold R Thompson II

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Tile, Varies, Vinyl
  • Interior: Natural Woodwork

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Blacktop Driveway

Parking Information:

  • Parking: One Space, Driveway

Lot Features

Lot Information:

  • Lot: Near Public Transit, Rectangular Lot
  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Hot Water, Radiant

Other

Directions Information:

  • Directions: On Abbott

Price Information

Listing Price Info

Price Summary:

  • List Price: $489,000
  • Price Per SqFt: $74/SqFt

Tax Information:

  • Annual Amount: $3,653
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Buffalo, NY.

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Buffalo, NY

City

Med. Sold Price

$237.1K

Med. Price/SqFt

$161

Avg. Days On Market

19

# of Sold Homes

354

227 Abbott Rd vs Buffalo

46 DAYS ON ROCKET

+27 Days

$489,000

+$251.8K More

$74/SqFt

-$88 Less

KEY TAKEAWAY

This property is $251.8K more than the Median Sold Price and $88/SqFt less than other homes in Buffalo, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #B1572825

Listing Office:

  • Office Name: Century 21 North East
  • Office Phone: (716) 652-0232
  • Listing Agent: Jerrold R Thompson II

IDXThe 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.

© 2024 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: 12/3/2024, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,653$243,000
2019$3,532$95,000
2018$3,377$95,000
2017$3,179$95,000

History based on county public records data.

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$2,508

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,533

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3497058
3
/10

  • Winchester-Potters Elementary School

  • 650 Harlem Rd

  • 1.75 miles

  • Public District Grades PK-5

school-card-donut-3497059
2
/10

  • Martin Road Elementary School

  • 135 Martin Rd

  • 2.72 miles

  • Public District Grades 2-5

school-card-donut-3497060
5
/10

  • Woodrow Wilson Elementary School

  • 166 Halstead Ave

  • 3.10 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,828. The most common annual income of people living in Buffalo, NY is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 227 Abbott Rd

What is the listing price of this property?

The listing price of 227 Abbott Rd property is $489,000.

What type of property is this?

The property 227 Abbott Rd is a house located in Buffalo, New York, 14220.

Is this property for sale now?

Active Listing: 227 Abbott Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,653 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 227 Abbott Rd has 5 bedrooms.

What is the square footage of this property?

The property 227 Abbott Rd is 6,641 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 227 Abbott Rd is 1920.

Rocket Homes›New York›Erie County›Buffalo›14220›227 Abbott Rd

This home is located at 227 Abbott Rd in Buffalo, NY and zip code 14220 in the Abbott McKinley neighborhood. This 6,641 square foot home, which was built in 1920, sits on a 0.23 acre lot. Features: 5 bedrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $489,000.

In November 2024 more than 236 listings in Buffalo, NY were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 99 were sold below. The number of listings in Buffalo, NY decreased by 21.1% between October 2024 and November 2024. In November 2024, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $237,145.

From Rocket Homes Real Estate and based on county public records data.

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