Movoto Real Estate
Sold on 06/25/2024
  • Exterior
  • Living
  • Dining
  • Kitchen
  • Other
  • Bedroom
  • Bath
  • Entry Way

58 Gresham Dr, Amherst, NY 14226

  • $246,673

    Last sold 06/25/2024 for $240K

  • 5

    bed

  • 2

    bath

  • 1,504

    Sqft ($160/Sqft)

House not for sale
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About 58 Gresham Dr

Property type House
Year built 1948
HOA fee $0/month
Lot size 7,126 Sqft
Movoto estimate
Property description
Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don’t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
Listed by
Listing Agent - Thejan Kodituwakku
Listing Agent Contact: 716-292-8756
Listing Office - Keller Williams Realty WNY
Source: NYSAMLS’s mls logo
MLS#B1533074 • last updated 3 months ago
Movoto checked NYSAMLS’s for data 8 minutes ago
Overview
Heating Gas, ForcedAir
Levels/Style Two, Two Story
MLS # B1533074
SqFt 1504
SubType Single Family Residence
Status Closed
Lot Size (SqFt) 7125
Lot Size (Acres) 0.1636
Property Tax 4977
Tax Assessed Value 120000
Condition Resale
Interior
Total # of Bathrooms 2
# of Full Baths 2
Total # of Bedrooms 5
Basement Full
Total # of Rooms 6
Laundry In Basement
Flooring Hardwood, Laminate, Varies
Interior Features LivingDiningRoom, BedroomOnMainLevel
Exterior
Foundation Poured
Roof Asphalt
Construction Brick, Frame, VinylSiding
Parking No Garage
Exterior Features Concrete Driveway
Lot Desc Residential Lot
Amenities / Utilities
Appliances GasCooktop, GasWaterHeater, Microwave, Refrigerator, Washer
Utilities SewerConnected, WaterConnected
Sewer/ Septic Connected
Water Source Connected, Public
Location
High School District Amherst
APN 142289-067-650-0003-020-000
Directions USE GPS
Lot/ Land Details
Road Frontage City Street
$246K
Range: $222K-$271K
Last 30 days 
  • Jun 2024
    mls logo MLS # B1533074
  • Jun 28, 2024 Sold
    $240,000
  • May 8, 2024 Pending
  • Apr 21, 2024 Listed
    $239,900 (+151.2%)
  • Jul 2016
    mls logo MLS # B453823
  • Jul 26, 2016 S-Closed
  • Aug 19, 2014 Sold
    $95,500 (-11.6%)
  • Jun 10, 2014 Listed
    $108,000
  • 58 Gresham Dr
    $240K
  • 14226
    $289K 0% y/y
  • Amherst
    $349K -1% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
58 Gresham Dr, Buffalo, NY 14226 $280,000 3/1 1,504 0
54 Gresham Dr, Amherst, NY 14226 $259,000 3/1 1,220 0.01
64 Gresham Dr, Buffalo, NY 14226 $252,000 3/1 1,245 0.01
50 Gresham Dr, Amherst, NY 14226 $306,000 3/1 1,756 0.02
70 Gresham Dr, Amherst, NY 14226 $263,000 3/1 1,200 0.02
46 Gresham Dr, Amherst, NY 14226 $278,000 4/2 1,436 0.02
345 Maynard Dr, Amherst, NY 14226 $215,000 2/1 901 0.03
220 Rosedale Blvd, Amherst, NY 14226 $329,000 4/1 1,656 0.03

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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Source: GreatSchools.org © 2026. All rights reserved.

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