71 E Morris Avenue Buffalo, NY 14214
MULTI_FAMILY - Buffalo, NY
Property Features for 71 E Morris Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-090-210-0006-007-000
- Size
- 2,590 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2681
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies
- Building materials
- Brick
Listing agent Syed J Rizvi License #10401279412 (716) 946-2700
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Aug 25, 2025
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 at 71 E Morris Avenue in Buffalo, the property is described as being off Main St and near the UB and Canisius campuses, with many nearby amenities.
For owner-occupants or investors, the duplex configuration supports flexibility: each unit has its own utilities, and the home’s mixed updates and preserved architectural details can appeal to tenants seeking traditional charm alongside functional improvements. The attic bonus space can also be a useful consideration for tenants looking for extra storage or adaptable room use.
Key Highlights
- Full brick multifamily home built in 1929
- Historic interior details including hardwood floors, fireplaces with flanking bookshelves, custom arched openings, and leaded glass windows
- Lower unit features an updated open‑concept kitchen
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 | $38.9k | $15.00 |
| − Vacancy | −$2.1k | −$0.83 |
| EGI | $36.7k | $14.17 |
| − OpEx | −$11.0k | −$4.25 |
| NOI | $25.7k | $9.92 |
