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4 Beds
2 Baths
1,920 sqft

$179,900

20 Richlawn Avenue, Buffalo NY, 14215

Price per sqft$93.70
Built in1920
Property size1,920 sqft
Property typeMulti-family

Overview

Active

Listed Sep 21, 2026

Updated 2 weeks ago

An exceptional opportunity to acquire a well-maintained, income-producing 2 unit with strong rental fundamentals and additional land included. Offering 1,920 square feet of living space, this property provides the flexibility to generate income from both units or occupy one residence while offsetting expenses with rental income from the other. A significant added benefit is the separate 30' x 121' vacant lot, included with the sale. The additional parcel creates potential for future use, expansion, or other investment strategies, subject to applicable zoning and approvals. The lower unit has been thoughtfully renovated while preserving the property's original character, featuring custom kitchen cabinetry, natural woodwork, replacement windows, and a beautifully updated bathroom. The upper unit also benefits from replacement windows, enhancing energy efficiency and long-term tenant appeal. Major capital improvements further strengthen the property's investment profile, including a tear-off roof completed more than seven years ago, blown-in insulation, newer furnaces, and new hot water tanks installed in 2026. Each unit also features its own private porch, providing desirable outdoor space for residents. The property is currently occupied by long-term tenants who have expressed a desire to remain, offering an opportunity for continued rental income from day one with established tenancy already in place. With established rental demand, meaningful capital improvements, quality updates, and a vacant lot offering additional potential, this property presents a compelling opportunity for investors seeking an income-producing asset with both current cash-flow potential and long-term value creation opportunities

$1,197/mo

Est. mortgage payment based on a $179,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
B1716640

Interior Features

Bedrooms
4
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$2,565
Tax Frequency
Annually
Garage
Yes
MLS provider logo

 

Courtesy of Red Door Real Estate WNY LLC, Ranaiah Sunstar

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Disclaimer: 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), Bonnie Pagano Team, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 11:28 PM UTC, 9/21/2026

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