Three-Unit Residential Income
412 Ashland Avenue, Buffalo, NY 14222
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
2,838 SFLot size:
0.10 AcresPrice / SF:
$165/SF- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 412 Ashland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Basement, Bedroom 2, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Attic
- Exterior features
- FullyFenced, PrivateYard
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-100-290-0002-016-000
- Size
- 2,838 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5151
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Varies, Tile, Vinyl
- Building materials
- BlownInInsulation, WoodSiding, CopperPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Susan D Lenahan License #30LE1129135 (716) 864-6757
Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY (716) 819-4200
Listing date Jun 24, 2026
MLS# B1692274
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
- Three‑unit multi‑family with 6 bedrooms and 3 bathrooms across multiple levels
- Built in 1910 with covered front porch and fenced, private yard
- Recent upgrades include blown‑in insulation throughout floors, basement, and attic; Anderson replacement windows; exterior painting
- Heating includes forced air with natural gas, plus tankless hot water heater and gas water heater
- Appliances included: fully applianced kitchens and a new washer/dryer
- Copper plumbing and asphalt shingle roof; interior flooring includes hardwood, vinyl, and tile
Overview
This three-unit residential income property offers distinct layouts across the first, second, and third floors. The first-floor unit includes a generous entry foyer, hardwood floors, newer windows, a living room opening to a formal dining room, and a fully applianced kitchen with a new gas range and refrigerator. Both bedrooms are well-sized, and one includes a newly installed Murphy bed with built-in bookshelves. The second-floor unit features a sun-filled living room, formal dining room with wainscoting detail, an updated kitchen with newer flooring and tile backsplash, two bedrooms, an updated full bath, and built-in hallway storage. The third-floor unit has new luxury vinyl flooring, a spacious living room with a half-moon window, two bedrooms, a fully applianced kitchen, and a renovated full bath. Recent improvements include blown-in insulation throughout, Anderson replacement windows, updated furnaces, a tankless hot water heater, a new washer and dryer, exterior painting, and numerous electrical and plumbing upgrades.
The property is located in Buffalo, NY, within the Elmwood Village area, described as highly walkable to restaurants, shops, cultural attractions, art museums, and parks. The covered front porch adds outdoor living space and a welcoming entry.
For owner-occupants and investors, the building’s multiple updates, upgraded systems, and renovated unit finishes support a practical, turnkey approach to maintaining a three-unit rental. The combination of newer windows, insulation, and updated mechanicals reduces near-term capital concerns while preserving the character of updated kitchens and baths throughout the three floors.
The property is located in Buffalo, NY, within the Elmwood Village area, described as highly walkable to restaurants, shops, cultural attractions, art museums, and parks. The covered front porch adds outdoor living space and a welcoming entry.
For owner-occupants and investors, the building’s multiple updates, upgraded systems, and renovated unit finishes support a practical, turnkey approach to maintaining a three-unit rental. The combination of newer windows, insulation, and updated mechanicals reduces near-term capital concerns while preserving the character of updated kitchens and baths throughout the three floors.
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 | $42.6k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $40.2k | $14.17 |
| − OpEx | −$12.1k | −$4.25 |
| NOI | $28.2k | $9.92 |
2,838 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.3K
NOI $28,160 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$682.5K
$597.2K – $796.2K
NOI $47,774 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.879013
- Latitude
- 42.916165
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-unit building with multiple unit updates, newer windows, and extensive mechanical improvements for steady occupancy use.
Where is this triplex located?
The property is located at 412 Ashland Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three‑unit multi‑family with 6 bedrooms and 3 bathrooms across multiple levels; Built in 1910 with covered front porch and fenced, private yard; Recent upgrades include blown‑in insulation throughout floors, basement, and attic; Anderson replacement windows; exterior painting
