47 Fargo Avenue Buffalo, NY 14201
MULTI_FAMILY - Buffalo, NY
Property Features for 47 Fargo Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 5
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-099-840-0003-039-000
- Size
- 3,952 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2801
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Tile
Listing agent Damian O'Meally License #10401279028 (585) 775-5169
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Apr 26, 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.
Investment Insights
Based on property information with market context.
The property is located in Buffalo, NY, within the Fargo Estate Historic District in Erie County. It also includes a fully fenced, park-like adjoining lot with mature trees and lush greenery, providing an outdoor setting for recreation, gardening, or quiet relaxation. Off-street parking accommodates multiple vehicles, with potential for expansion.
For tenants, this configuration supports comfortable, self-contained living with dedicated utility arrangements. For buyers or owners, the combination of an income-producing unit, a vacant second unit, and an outdoor space that extends beyond the main building can support a variety of residential income strategies while keeping day-to-day operations straightforward.
Key Highlights
- Two‑family home set on over one‑third of an acre in the Fargo Estate Historic District
- Apartment 1 currently rents for $1,400/month; second‑floor unit is vacant
- Spacious 3/3 layout with a two‑story owner’s suite and multiple balconies
Local Financial Insights For Apartment 5plus
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 | $68.8k | $17.40 |
| − Vacancy | −$3.1k | −$0.78 |
| EGI | $65.7k | $16.62 |
| − OpEx | −$29.6k | −$7.48 |
| NOI | $36.1k | $9.14 |
