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    2473 Elmwood Ave Buffalo, NY 14217

    For Sale
    $1,850,000

    MULTI_FAMILY - Buffalo, NY

    Property size:
    18,990 SF
    Lot size:
    0.36 Acres
    Days on Market:
    70
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 2473 Elmwood Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 14, Bedroom 12, Bedroom 6, Bedroom 10, Bedroom 3, Bedroom 5, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 1, Basement, Bedroom 2, Bedroom 7, Bedroom 8
    Bedrooms
    14
    APN
    146401-066-770-0004-026-000
    Exterior features
    BlacktopDriveway
    Appliances
    ElectricOven, ElectricRange, GasOven, GasRange, GasWaterHeater, Refrigerator
    Size
    18,990 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Radiant, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    14
    Flooring type
    Varies, Hardwood, Laminate, Tile
    Building materials
    Brick, Frame
    Roof type
    Asphalt

    Gurney, Becker & Bourne (716) 849-1234 [email protected]

    Listing agent Carmelo A Parlato (716) 849-1234 License #10401209029

    Listing date Sep 30, 2025

    Copyright © 2025 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.

    Overview

    Elmwood Avenue Multifamily Investment Property

    Located in the village of Kenmore, 2473 Elmwood Avenue is a 14-unit apartment complex situated at the corner of Elmwood and Westgate. The property consists of two brick buildings. The front building contains ten 2-bedroom units, while the rear building features four 1-bedroom units and eight private garages. The front building has updated windows, and the apartments were updated in 2016 and 2017. A new roof was installed on the front building in 2018. The rear building was newly updated in 2024, including new wiring and a new roof. The property has updated electric service with separate meters. Heat is included in the rent. The front building is heated by two boilers, and the rear building also runs on two boilers. Off-street parking is available for all 14 units. The property is located within the Tonawanda Union Free School District and is within walking distance of Mang Park and the Village of Kenmore Business District, and less than one mile from Target and Tops Super Market. The lot size is 0.3608 acres and the property size is 18,990 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.878455
    Latitude
    42.964739

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    FAQs

    What type of property is this?
    Apartment building - 14-unit apartment complex in Kenmore, updated with off-street parking.
    Where is this apartment building located?
    The property is located at 2473 Elmwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Updated Buildings: Front building updated in 2016/2017 with new roof in 2018; rear building newly updated in 2024 including new wiring and roof.; - Strong Rental Income Potential: 14 units (ten 2-bedroom, four 1-bedroom) with consistent updates.; - Separate Utilities: Updated electric service with separate meters for each unit.
    (716) 849-1234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2473 Elmwood Ave Buffalo, NY 14217
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