180 Richmond Avenue Buffalo, NY 14222
MULTI_FAMILY - Other - Buffalo, NY
Property Features for 180 Richmond Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bathroom 4, Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
- Parking features
- Garage, Open
- Window features
- Drapes
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- CeilingFans, Storage, NaturalWoodwork, WindowTreatments
- Exterior features
- Balcony, Deck, FullyFenced, Patio, PrivateYard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-099-600-0006-019-000
- Size
- 5,186 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9769
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Carpet, Tile, Vinyl, Varies, Laminate
- Building materials
- WoodSiding, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Karina Stachowiak License #10401362457 (716) 908-4212
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date May 18, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located near the shops, restaurants, cafes, and parks associated with Elmwood Village and Five Points in Buffalo. Exterior and systems upkeep has been addressed with updates including renovated kitchens and bathrooms, vinyl windows, interior paint, and full exterior paint in 2023. The water line to the street was replaced in 2026, and mechanical systems are professionally serviced annually.
On-site parking is well accommodated for a four-unit setup, with a fully fenced yard, a stamped concrete patio, and four garage bays (one for each unit) plus additional front and rear driveway parking. This configuration should appeal to tenants seeking private outdoor space and covered parking, while providing an operator with a straightforward, four-door residential income layout supported by recent property improvements.
Key Highlights
- Four‑unit property with 3‑bedroom (1st floor) plus two 1‑bedroom units (patios) and a bright 2‑bedroom unit (3rd floor)
- Fully fenced yard with stamped concrete patio and private outdoor space features on the 1‑bedroom units
- Extensive updates: vinyl windows, renovated kitchens and bathrooms, interior paint, and full exterior paint (2023)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $15.00 |
| − Vacancy | −$4.3k | −$0.83 |
| EGI | $73.5k | $14.17 |
| − OpEx | −$22.1k | −$4.25 |
| NOI | $51.5k | $9.92 |
