1046 Elmwood Avenue, Buffalo, NY 14222
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 16, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 17 at 8:06 am
Property Features for 1046 Elmwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Exterior features
- Awnings, Balcony
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-089-690-0003-007-000
- Size
- 2,858 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3653
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Hardwood, Carpet
- Building materials
- AluminumSiding, WoodSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Michael Calabrese License #10301218793 (716) 949-3405
Listing office LoVallo Real Estate 5661 Main Street, Williamsville, NY (716) 634-5101
Listing date Jun 16, 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.
HighLights
- Two‑family home with six bedrooms plus 2 full bathrooms, a large full basement, and a partially finished attic
- Upper unit includes a private balcony and hardwood floors, along with an updated kitchen
- Each apartment offers a 3‑bedroom layout plus an additional flex space for playroom/office/guest use
- Central air and natural gas forced‑air heating, plus a gas water heater
- Roof was replaced in 2020; features include asphalt roof, copper plumbing, and aluminum/wood siding
- Large parking area and a rare 3‑car garage; walkable to Buffalo State University, AKG, Delaware Park, and convenient to Allentown and Downtown
Overview
The property is located on Elmwood Avenue in Buffalo’s Elmwood Village area. The listing notes walkability to Buffalo State University, AKG, and Delaware Park, with convenience to Allentown and Downtown. The home is described as well maintained, with a newer roof installed in 2020, high-efficiency furnaces, and air conditioning.
For owner-occupants or investors seeking a residential income property, the dual 3-bedroom layouts with extra flex space can support a range of tenant needs while keeping day-to-day living practical. On-site storage from the attic and basement can help reduce seasonal clutter, and the on-site parking and 3-car garage add convenience for tenants or residents.
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 | $42.9k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $40.5k | $14.17 |
| − OpEx | −$12.2k | −$4.25 |
| NOI | $28.4k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.877439
- Latitude
- 42.925666
