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    467 Norwood Ave Buffalo, NY 14222

    For Sale
    $689,999

    COMMERCIAL - Buffalo, NY

    Property size:
    6,093 SF
    Lot size:
    0.17 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 467 Norwood Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 1, Basement, Bedroom 7
    Bedrooms
    8
    APN
    140200-100-210-0005-033-000
    Parking features
    Driveway
    Appliances
    GasWaterHeater
    Size
    6,093 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Varies, Hardwood, Carpet
    Building materials
    AluminumSiding, AtticCrawlHatchwaysInsulated, Brick, VinylSiding
    Roof type
    Asphalt

    Keller Williams Realty Buffalo Northtowns (716) 832-3300 [email protected]

    Listing agent Donivin Mclean Sr (716) 832-3300 License #10401362265

    Listing date Nov 22, 2025

    MLS# B1650108 Listing URL

    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 Village Multifamily Investment

    This well-maintained 5-unit property presents an exceptional investment opportunity in the heart of Elmwood Village. The building features three 2-bedroom 1-bath units and two 1-bedroom 1-bath units, each thoroughly maintained and appealing to long-term tenants and students. The property has a strong rental history and offers strong cash flow with additional value-add potential. Tenants enjoy a large backyard, on-site laundry, and proximity to public transportation. Located just steps from Elmwood's top restaurants, shops, and entertainment, and minutes from Buffalo State College and the Albright-Knox Art Museum, this property is ideal for investors seeking a prime, high-demand rental location. The property has a Net Operating Income (NOI) of 67,831 and a 10.0 cap rate, with over 7500 a month in rental income. The property size is 6093 square feet and the lot size is 0.1656 acres. This is a rare opportunity in one of Buffalo's most desirable neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.879856
    Latitude
    42.91773

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit property in prime Elmwood Village location.
    Where is this apartment building located?
    The property is located at 467 Norwood Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $689,999.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $67,831 and a **10.0% Cap Rate indicating strong cash flow.**; - **Prime Elmwood Village location**, steps from restaurants, shops, and entertainment.; - Five well-maintained units (three 2-bedroom, two 1-bedroom) appealing to long-term tenants and students.
    (716) 832-3300
    Request Owner's contact information
    467 Norwood Ave Buffalo, NY 14222
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    Buffalo, NY 14222
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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
    467 Norwood Ave Buffalo, NY 14222
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