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Mixed-Use Property with Retail Space
For Sale
$299,900

511 Ontario Street, Buffalo, NY 14207

Residential, Buffalo, NY

Property Size5,106 SF
Lot Size0.10 Acres
Price / SF$58.73
Days on Market52

Property Features for 511 Ontario Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential Multi Use
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 7, Bedroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features Driveway
Appliances GasWaterHeater
Subdivision Jones
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Buffalo
Middle school district Buffalo
High school district Buffalo
Directions Corner of Ontario and Philadelphia
Standard status Active
APN 140200-077-420-0004-014-000
Size 5,106 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Annual Amount 2883

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1935
Floors in Building 2
Number of units 3
Flooring type Laminate, Varies, Hardwood
Building materials Brick, VinylSiding, WoodSiding
Roof type Asphalt, Shingle
Listing Agency: Pioneer Star Real Estate Inc.
Listed By: Pushpa Gunatilake · License #10311200587
Added: Jul 23 Changed: Sep 12 Last Checked: Sep 12 at 10:06PM
MLS# B1701354

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.

This 5,106-square-foot mixed-use property combines three updated residential apartments with a dedicated commercial space. The commercial area is suited to retail, professional office, or service-based use. Interior improvements include fresh paint, new laminate flooring, almost all new windows, and updated electrical service with an exterior meter panel. Four furnaces serve the property, with two located in the attic and two in the basement. Three new hot water tanks were installed in 2022.

Built in 1935, the brick and siding structure sits on a 0.0969-acre corner lot at 511 Ontario Street in Buffalo. A driveway, spacious backyard, basement storage, public water, natural-gas forced-air heating, and a shingle and asphalt roof are among the property features. The property is being sold as is, with the seller not undertaking repairs resulting from the buyer’s home inspection.

Key Highlights

  • 5,106‑square‑foot mixed‑use property with three updated residential apartments
  • Commercial space suited to retail, professional office, or service‑based use
  • 0.0969‑acre corner lot at 511 Ontario Street, Buffalo, NY 14207

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Cafe & Coffee Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

647
Businesses Nearby

Demographics for 14207, NY

26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three updated apartments accompany a commercial area suitable for retail, office, or service-based use.
Where is this mixed-use property located?
The property is located at 511 Ontario Street Buffalo, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 5,106‑square‑foot mixed‑use property with three updated residential apartments; Commercial space suited to retail, professional office, or service‑based use; 0.0969‑acre corner lot at 511 Ontario Street, Buffalo, NY 14207
More about this property
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