31 Elkhart Street, Buffalo, NY 14218
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 21 at 2:06 am
Property Features for 31 Elkhart Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Parking features
- On Street
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140900-142-700-0001-007-000
- Size
- 1,909 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3531
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Varies, Laminate
- Building materials
- AluminumSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Matthew Messing License #10401360512 (716) 310-2934
Listing office WNY Metro Roberts Realty 4124 N Buffalo St, cheektowaga, NY (716) 662-0449
Listing date Jun 16, 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
- Triplex built in 1905 with a unit mix of 1x 3‑bed/1‑bath, 1x 1‑bed/1‑bath, and 1x studio apartment
- Double lot provides off‑street tenant parking and additional outdoor space for residents
- Capital improvements include newer electrical service line, updated electrical panels/panel boxes, and extensive rewiring
- Updated copper plumbing and gas water heater included
- Common coin‑operated laundry area for added on‑site income
- Public water supply; heating with forced air natural gas; asphalt roof; aluminum siding
Overview
The property sits on a rare double lot and is currently used for off-street tenant parking. The added outdoor space improves day-to-day usability and helps support tenant parking needs. Showings are set to begin at the open house on Thursday, June 18th from 5:00 PM to 7:00 PM.
For buyers seeking a straightforward residential income property, this triplex offers a balanced unit mix across studio, one-bedroom, and larger three-bedroom living options, along with shared amenities in the form of coin-operated laundry. With capital improvements already completed, the next owner can take over with a property that has been cared for by the same owner for more than 20 years.
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 | $28.6k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.1k | $14.17 |
| − OpEx | −$8.1k | −$4.25 |
| NOI | $18.9k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.829365
- Latitude
- 42.815233
