64 Prospect Avenue Buffalo, NY 14201
MULTI_FAMILY - Other - Buffalo, NY
Property Features for 64 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-110-440-0001-047-000
- Size
- 2,912 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2955
Utilities
- Heating system
- Natural Gas, Radiant
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Varies, Laminate, Carpet
- Building materials
- Brick, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Max Fenske License #10401313813 (716) 913-3680
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Jul 6, 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.
Located in Buffalo’s Lower West Side Historic District at 64 Prospect Avenue, the property is positioned for convenient access to Downtown Buffalo and the Medical Campus. The area also offers proximity to restaurants, parks, and public transportation, which can support day-to-day convenience for residents.
For buyers, the updates across all three units are specifically highlighted, making the building well-suited for either an owner occupant looking for a move-in-ready setup or an investor seeking a smaller, manageable residential asset. Off-street parking adds practical value for residents, and the inclusion of the in-building washer and dryer supports everyday usability. The combination of recent roof work, all-brick exterior, and unit-wide updates provides a solid basis for ongoing rental operations or owner occupancy.
Key Highlights
- 3‑unit brick property in Buffalo’s Lower West Side Historic District with all three units updated
- Brand new complete tear‑off roof, approximately 1 year old
- Off‑street parking plus porch and balcony
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 | $43.7k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $41.3k | $14.17 |
| − OpEx | −$12.4k | −$4.25 |
| NOI | $28.9k | $9.92 |
