First Ward Homes under $300,000

First Ward Homes under $300,000

Welcome to the vibrant First Ward of Buffalo, NY, a neighborhood that beautifully blends rich history with modern charm. Nestled in Erie County, First Ward is a testament to Buffalo's industrious past, characterized by its historic architecture and a strong sense of community. This area is not just a place to live; it's a lifestyle filled with character, culture, and an undeniable spirit of resilience.

For homebuyers looking for affordability without sacrificing quality, First Ward offers a delightful selection of homes under $300,000. Here, you can find charming bungalows, cozy townhouses, and spacious single-family homes that cater to a variety of tastes and needs. These properties often feature classic details such as hardwood floors, original moldings, and inviting front porches, perfect for enjoying the beautiful Buffalo summers.

Living in First Ward means you are just a stone's throw away from the bustling waterfront, local parks, and a plethora of dining and entertainment options. The neighborhood's proximity to downtown Buffalo ensures that you can enjoy the city's vibrant arts scene, shopping districts, and recreational activities while still relishing the peaceful atmosphere of a close-knit community.

Whether you're a first-time homebuyer, a growing family, or looking to downsize, First Ward presents an exceptional opportunity to invest in a home that combines affordability with charm. Explore the possibilities in this dynamic neighborhood and discover why so many are choosing to call First Ward home!

Newest First Ward Homes under $300,000

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
226 Miami Street, Buffalo
$215,000
3 Beds ⋅ 3 Baths ⋅ B1717485 MLS
Attention investors! 226 Miami St is a fully leased 2 unit property in Buffalo's First Ward, offering steady income from day 1. The front unit is a spacious 2 story layout with a generous living room, kitchen and dining area, 1st floor laundry, full bath, and a bright sunroom. Upstairs you'll find 2 oversized bedrooms with walk in closets, extra storage, and a convenient half bath. The rear unit has its own private entrance and features 1 bedroom, a full bath, a comfortable living room, and a large kitchen with laundry hookups. Both units showcase updated kitchens with stainless steel appliances, hardwood flooring, and plenty of natural light. Key improvements include the roof, windows, and vinyl siding, along with efficient forced air gas heat. Current rents of $1,475 and $1,000 bring in $29,700 per year, with annual taxes of just $2,037. For the right investor, this can be the ideal10+ cap. Just minutes from downtown, Canalside, Silo City, and the Buffalo River, the First Ward continues to attract strong renter demand. Please note the rear garage is not included, sits on a separate parcel, and has a shared driveway. With both units occupied and income in place, this is a turnkey addition to any portfolio.

226 Miami 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
66 O Connell Avenue, Buffalo
$205,000
3 Beds ⋅ 2 Baths ⋅ B1667189 MLS
This newly constructed home features 3 bedrooms, 1.5 baths, and brand-new appliances—perfect for first-time buyers or those continuing their homeownership journey. Thoughtfully designed for modern living, the home offers comfort, efficiency, and a functional two-story layout. Located on a neighborhood street with convenient access to public transportation, this property provides both accessibility and a strong sense of community. PLEASE READ CAREFULLY: This is an income-restricted, owner-occupied opportunity. Buyers must meet program eligibility requirements including a gross household income of $81,960 or less, and total household assets of less than $100,000. This home is currently available on a first-come, first-served basis. The purchase price of $205,000 is fixed and is not negotiable. The first applicant who meets all eligibility requirements and submits required documentation will be given the opportunity to purchase the home. Taxes are estimated based on a $205,000 sale price and 2027 City of Buffalo and Erie County tax rates. Building Buffalo Roots is a public partnership between the City of Buffalo, Erie County, and the region’s LandBank (BENLIC), to build new homes on vacant lots – expanding homeownership opportunities & strengthening neighborhoods

66 O Connell 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
141 Sidway Street, Buffalo
$290,000
3 Beds ⋅ 2 Baths ⋅ B1652404 MLS
Discover this beautifully maintained home in Buffalo’s historic First Ward community. This spacious property offers three generous bedrooms, 1.5 baths, and a full basement with glass block windows. Enjoy a bright, open eat-in kitchen featuring a patio door that leads to one of the largest yards in the neighborhood. Step outside to a large stamped concrete patio, perfect for gatherings, entertaining, or relaxing outdoors. The expansive yard also includes a durable aluminum storage shed for tools and equipment. A wonderful opportunity to own a comfortable home with exceptional outdoor space in a growing and vibrant community!

141 Sidway Street, Buffalo
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