First Ward Homes under $200,000

First Ward Homes under $200,000

Our website features the best real estate search for homes, condos, land and foreclosure properties available in First Ward and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Newest First Ward Homes under $200,000

796 Elk Street, Buffalo
$120,000
6 Beds ⋅ 2 Baths ⋅ B1721744 MLS
**A GREAT OPPORTUNITY TO START OR GROW YOUR REAL ESTATE PORTFOLIO!** Welcome to 796 Elk Street, a renovation and investment opportunity in the City of Buffalo! This two-unit property offers 6 bedrooms and 2 full baths, with one unit currently rented, providing existing rental income while you explore the property's potential. With approximately 2,804 square feet, this multi-family property presents an opportunity for investors, contractors, or buyers looking to renovate and add value over time. Bring your vision and explore the possibilities to improve the property, enhance its appeal, and maximize its rental potential. An opportunity to build equity and expand your investment portfolio in Buffalo's established South Buffalo area. **796 Elk Street is an opportunity worth exploring!**

796 Elk Street, Buffalo
123 Imson Street, Buffalo
$199,000
6 Beds ⋅ 2 Baths ⋅ B1720037 MLS
Fantastic investment opportunity or perfect owner-occupant setup right in the heart of Buffalo’s highly requested 14210 zip code! This classic Buffalo double at 123 Imson St offers two spacious, independent units that are ready for tenants or for you to move right in and let the other unit pay your mortgage. Each unit features a great, functional layout with 3 bedrooms and 1 full bathroom. The upper unit has just been freshly painted and features its own private balcony—the perfect spot for outdoor relaxation or a place to unwind after a long day. You will love the major peace of mind here with updates already taken care of, including new windows installed throughout the entire house. The mechanics are solid too, boasting a brand new furnace from 2024, a new space heater in the upper unit added in 2022, and a brand new hot water tank installed in 2026. Head out back to find a fully fenced, beautifully maintained backyard that serves as a great private oasis for summer BBQs, kids, or pets. Whether you are looking to grow your rental portfolio with a solid, low-maintenance asset or trying to break into house hacking.

123 Imson Street, Buffalo
29 Kentucky Street, Buffalo
$179,900
3 Beds ⋅ 2 Baths ⋅ B1720014 MLS
Beautifully updated 3-bedroom, 1.5-bathroom home in a prime Buffalo location. This property has been thoughtfully renovated with a brand-new kitchen, updated bathrooms, new flooring, fresh finishes, and a new roof, offering the major improvements buyers are looking for. The spacious layout provides comfortable living areas, three bedrooms, and plenty of room for entertaining, working from home, or everyday living. Located in a convenient and desirable area of Buffalo, you’ll be close to shopping, dining, entertainment, major roadways, and all that the city has to offer. With extensive updates already completed, this home is truly move-in ready and combines modern updates.

29 Kentucky Street, Buffalo
628 Fulton Street, Buffalo
$99,900
4 Beds ⋅ 2 Baths ⋅ B1709917 MLS
Investor opportunity in a great Buffalo location! This 4-bedroom, 2-bath double-family home is located just ¼ mile from vibrant Larkinville and offers excellent potential for an investor, contractor, or owner looking for a renovation project. The upper apartment offers an easier renovation, while the lower apartment has been taken down to the studs, providing a blank canvas for a complete rehab and the opportunity to design the space to your specifications. Situated on a double lot, the property offers valuable outdoor space and off-street parking, adding convenience and appeal for future tenants. The location puts you close to Larkinville, downtown Buffalo, restaurants, entertainment, employment centers, and major roadways. Whether you’re looking to rehab and hold, renovate and rent, or create a profitable investment property, 628 Fulton Street offers the space, location, and potential to make your vision a reality. Cash or rehab loan preferred. Property is being sold in its current condition. Bring your contractor and explore the possibilities! Highlights: • 4 bedrooms / 2 bathrooms • Two-family property • Upper apartment needs easier renovation • Lower apartment down to studs • Double lot • Off-street parking • Approximately ¼ mile to Larkinville • Excellent Buffalo location • Ideal rehab/investment opportunity • Cash or rehab financing preferred • Sold as-is

628 Fulton Street, Buffalo
81 Van Rensselaer Street, Buffalo
$98,900
3 Beds ⋅ 1 Baths ⋅ B1707888 MLS

81 Van Rensselaer Street, Buffalo
297 Hamburg, Buffalo
$150,000
6 Beds ⋅ 2 Baths ⋅ B1683144 MLS
Investor opportunity at 297 Hamburg St in Buffalo! Two-unit property offering 2,772 sq ft with 6 bedrooms and 2 bathrooms. Upstairs unit is vacant and ready for potential owner-occupant or rental income, while the lower unit is currently rented at $800/month. Located near ongoing redevelopment and new construction in the surrounding area, this property offers strong upside potential for investors looking to add value and increase cash flow over time. Convenient location close to downtown, the waterfront, and major thruways.

297 Hamburg, Buffalo
531 S Park Avenue, Buffalo
$129,000
6 Beds ⋅ 2 Baths ⋅ B1683191 MLS
531 South Park Avenue, Buffalo, NY 14204 Competitively priced value add This is a classic two-family duplex (upper/lower) built in 1910 in Buffalo's First Ward neighborhood along South Park Avenue. The property offers a hefty 2,982 sq ft of living space on a 6,300 sq ft lot (0.14 acres), with separate utilities (boilers) typical for these older multi-family homes. Key highlights for investors:Upper unit is currently tenanted for $1200 per month— providing immediate rental income and cash flow from day one. Lower unit requires rehab — offering strong value-add potential through cosmetic and mechanical updates to bring it to market rents. Solid bones in a location near South Park, with access to Buffalo's revitalizing areas, public transit, and amenities. The neighborhood shows ongoing interest from investors in multi-family properties. Low property taxes (recent assessment around $140,000 total, with taxes historically modest at a few hundred dollars annually). This property suits a hands-on investor or rehabber looking for a turnkey partial cash-flow play with upside from stabilizing the lower unit. Once both units are fully renovated and leased, it could deliver attractive returns in Buffalo's rental market. Potential returns: Buffalo multi-family cap rates generally range 6–8%+ for value-add properties in this segment. Rents in the broader South Buffalo/First Ward area average ~$1,100–$1,600+ per unit for 2–3 bed setups (upper unit likely in that ballpark). Post-rehab, stabilized gross rents could approach $2,400–$3,200/month, supporting solid cash-on-cash once stabilized.

531 S Park Avenue, Buffalo
98 Tennessee Street, Buffalo
$50,000
3 Beds ⋅ 1 Baths ⋅ B1669321 MLS
Don’t miss your chance to finish what’s already been started at 98 Tennessee Street. This property has been completely gutted to the studs and features a newer roof and framed interior, providing a solid head start for your next project. Located in the rapidly developing First Ward, just minutes from downtown, the waterfront, and Larkinville, this is a prime opportunity to add value in a sought-after area. Whether you’re planning a flip, rental, or custom home, the heavy lifting is done—just bring your finishing touches and bring this property back to life!

98 Tennessee Street, Buffalo
Start Your Search