Buffalo Homes under $100,000

Buffalo Homes under $100,000

Welcome to Buffalo, New York – a city rich in history, culture, and opportunity! Nestled along the shores of Lake Erie, Buffalo is known for its stunning architectural gems, vibrant neighborhoods, and a warm community spirit that welcomes newcomers with open arms. With a revitalized waterfront and a burgeoning arts scene, this city perfectly blends the charm of its past with the excitement of modern living.

For those seeking affordable housing options, Buffalo is a hidden gem. The city boasts a variety of homes available for under $100,000, making it an ideal location for first-time homebuyers, investors, or anyone looking to embrace the joys of homeownership without breaking the bank. From quaint bungalows to spacious multi-family homes, the real estate market in Buffalo offers diverse options that cater to different lifestyles and budgets.

Imagine settling into a cozy home in one of Buffalo’s historic neighborhoods, where tree-lined streets and friendly neighbors create a welcoming atmosphere. Enjoy the convenience of local amenities, including parks, restaurants, and shops, all within a short distance from your doorstep. Plus, with Buffalo’s ongoing revitalization efforts, the potential for property appreciation is promising.

Whether you’re drawn to the city’s rich sports culture, its renowned culinary scene, or the breathtaking views of the Great Lakes, Buffalo is a place where dreams of homeownership can become a reality. Explore the affordable housing options available today and discover why Buffalo is not just a place to live, but a place to thrive!

Newest Buffalo Homes under $100,000

301 Davey Street, Buffalo
$100,000
7 Beds ⋅ 3 Baths ⋅ B1714954 MLS
Rare opportunity at 301 Davey St: two completely separate single-family homes on one lot — not a traditional duplex — each with fully independent living space and no shared common areas (no shared basement, attic, or hallways), a setup uncommon in this market and typically a premium feature for both owner-occupant house-hackers and investors. The front home is vinyl-sided with 4 bedrooms and 1.5 baths (3 bedrooms plus a full bath on the first floor, 1 bedroom plus a half bath on the second). The rear home is clad in cedar shake and offers 3 bedrooms and 1 bath (2 bedrooms on the first floor, 1 on the second) and is currently occupied by a long-term month-to-month tenant of 10+ years at $1,000/month. Each home has its own separate gas and electric meters, with one shared water service for the lot. Electric service was updated within the last year on circuit breakers. Heat is provided via wall-mounted space heaters (one in the front home, two in the rear). The lot measures 30' x 134', and while the tax record shows 2,102 gross square feet, the actual livable footprint may run higher, offering potential upside for a buyer. There's no off-street parking, but street parking is plentiful in the area. Using conservative rent projections of $1,200 for the front home and $1,000 for the rear, and after accounting for operating expenses, vacancy and collection loss, repairs, management, taxes, water, and insurance, this property supports an estimated value near $115,000 at a 15% cap rate, making the $100,000 asking price highly competitive against area sold comparable sales and a strong opportunity for a buyer looking for two single-family rentals under one roof of ownership.

301 Davey Street, Buffalo

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