251 Springville Avenue, Buffalo, NY 14226
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Mar 9, 2026
- Days on Market:
- 98
- Last Refresh:
- Jun 14 at 12:06 pm
Property Features for 251 Springville Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bedroom 4
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 142289-067-800-0002-035-000
- Size
- 1,659 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5402
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Vinyl, Carpet, Hardwood
- Building materials
- AluminumSiding, Brick
- Architectural style
- Other
Listing agent Christopher Ricci License #10401286662 (716) 880-7022
Listing office WNY Metro Roberts Realty 302 Buffalo Street, cheektowaga, NY (716) 646-6400
Listing date Mar 9, 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.
HighLights
- Well‑maintained two‑unit property built in 1946
- Both units feature generously sized bedrooms and bathrooms for comfortable, rentable layouts
- Natural gas forced‑air heating with furnaces reported in excellent condition
- Hot water tanks are about 2 years old; includes gas water heater
- Public water source; exterior materials include aluminum siding and brick
- Large garage for storage, parking, or added tenant use
Overview
The property is located at 251 Springville Avenue in Buffalo, NY 14226, in an Amherst area setting with quick access to the city, major highways, shopping, and everyday amenities. The remarks also note proximity to UB South.
For owner-occupants, this configuration supports living in one unit while renting the other. For investors, the asset presents a simple two-unit layout with multiple rental-ready rooms and a sizable garage. The existing mechanical condition, combined with the opportunity for light cosmetic improvements, may appeal to buyers seeking a manageable path to upgrading the property over time. An open house is scheduled for Sunday 3/22 from 1:00 to 3:00.
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 | $24.9k | $15.00 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $23.5k | $14.17 |
| − OpEx | −$7.1k | −$4.25 |
| NOI | $16.5k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.815625
- Latitude
- 42.965671
