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Updated West Side Double

371 Potomac Avenue, Buffalo, NY 14213

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For Sale

$349,900

MULTI_FAMILY - Other - Buffalo, NY

Property size:

2,266 SF

Lot size:

0.07 Acres

Price / SF:

$154/SF

HighLights

Excellent location: close to Five Points, Elmwood Village, and downtown.
Updated property with newer roof (2019), newer windows, and new electrical service.
Private, fully fenced yard with large concrete patio, ideal for entertaining.
Spacious units with hardwood floors (lower unit), formal dining rooms, and ample storage.
Third‑floor walk‑up with fire escape offers potential for future expansion.
Standout curb appeal with a charming, spacious front porch.

We can help!

Listing Contact

Susan D Lenahan

For Sale

$349,900

MULTI_FAMILY - Other - Buffalo, NY

Property size:

2,266 SF

Lot size:

0.07 Acres

Price / SF:

$154/SF

Added:: Jan 12, 2026
Days on Market:: 151
Last Refresh:: Jun 12 at 9:06 am

Property Features for 371 Potomac Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bedroom 1, Bathroom 1
Parking features: Driveway
Patio and Porch features: Patio
Interior features: NaturalWoodwork
Exterior features: FullyFenced, Patio
Fencing: Fenced
Appliances: GasWaterHeater
Standard status: Active
APN: 140200-088-760-0006-004-000
Size: 2,266 SF
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Annual Amount: 3479

Utilities

Heating system: Forced Air, Natural Gas
Water source: Public

Building Details

Year built: 1902
Floors in Building: 2
Number of units: 2
Flooring type: Tile, Vinyl, Hardwood, Varies
Building materials: Frame, CopperPlumbing
Roof type: Asphalt, Shingle
Architectural style: Other

We can help!

Listing Contact

Susan D Lenahan

Listing agent Susan D Lenahan License #30LE1129135

Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY

Listing date Jan 12, 2026

MLS# B1657150 Listing URL

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

Excellent location: close to Five Points, Elmwood Village, and downtown.
Updated property with newer roof (2019), newer windows, and new electrical service.
Private, fully fenced yard with large concrete patio, ideal for entertaining.
Spacious units with hardwood floors (lower unit), formal dining rooms, and ample storage.
Third‑floor walk‑up with fire escape offers potential for future expansion.
Standout curb appeal with a charming, spacious front porch.

Overview

This updated West Side double offers an excellent layout, meaningful upgrades, and standout curb appeal. The property features a charming, spacious front porch leading to a shared entryway. The lower unit includes a generous foyer with coat closet, hardwood floors, and a vintage light fixture. The sun-filled living room showcases large windows and a decorative fireplace, while the formal dining room offers a bay window and classic chandelier. The fully applianced kitchen includes luxury vinyl flooring and abundant storage. Two bedrooms and an updated full bath complete the unit. The upper unit offers a spacious kitchen with vinyl flooring and ample storage, a formal dining room, and a bright living room with great views and beautiful arched doorway detailing. Two bedrooms and a full bath complete the space. A third-floor walk-up with fire escape provides excellent potential for future expansion. Notable updates include new electrical service, newer windows, and a newer roof installed in 2019. The property includes a private yard with a large concrete patio and six-foot privacy fence, ideal for outdoor entertaining. The property is situated in a fantastic location close to Five Points, Elmwood Village, and downtown. The upper unit will be vacant starting April 1. The property size is 2266 square feet and the lot size is 0.0732 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.0k	$15.00
− Vacancy	−$1.9k	−$0.83
EGI	$32.1k	$14.17
− OpEx	−$9.6k	−$4.25
NOI	$22.5k	$9.92

2,266 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$321.2K

$281.1K – $374.7K (±1% cap)

NOI $22,484 @ 7.0% cap · market cap 6.43%

Second Best

Apartment 5plus

$295.9K

$258.9K – $345.2K (±1% cap)

NOI $20,710 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$544.9K

$476.8K – $635.8K (±1% cap)

NOI $38,145 @ 7.0% cap · market cap 10.90%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Buffalo
County: Erie
State: New York
Longitude: -78.88563
Latitude: 42.923856

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For sale
Duplexes
NY
Buffalo
14213
371 Potomac Avenue

What type of property is this?

Duplex - Updated duplex near Five Points, Elmwood Village, and downtown.

Where is this duplex located?

The property is located at 371 Potomac Avenue Buffalo, NY.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: Excellent location: close to Five Points, Elmwood Village, and downtown.; Updated property with newer roof (2019), newer windows, and new electrical service.; **Private, fully fenced yard with large concrete patio, ideal for entertaining.**

371 Potomac Avenue, Buffalo, NY 14213

MULTI_FAMILY - Other - Buffalo, NY

Property Features for 371 Potomac Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Office/Warehouse with Drive-In Doors

Multi-Unit Office Building with Pylon Signage

Brick Live-Work Building with Apartment

Five-Unit Mixed-Use Building

Freestanding Auto Repair Shop

Turnkey Restaurant on Main Street

Versatile Commercial Building in Buffalo

Two-Building Office Suite Property

Mixed-Use Restaurant and Warehouse

Harlem Road Commercial Opportunity

Harlem Road Commercial Opportunity

Restored Three-Unit Multifamily Property

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