1046 Elmwood Avenue, Buffalo, NY 14222
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 16, 2026
- Days on Market:
- 21
- Last Refresh:
- Jul 6 at 6:06 pm
Property Features for 1046 Elmwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5
- 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
- Carpet, Varies, Hardwood
- 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
- Enormous 2‑family home with 3‑bedroom units, plus an additional flex space per unit for playroom/office/guest use
- Private balcony off the upper apartment, with hardwood flooring and an updated kitchen
- Partially finished attic and a large full basement provide abundant storage space
- High‑efficiency forced‑air heating (natural gas) with central air cooling and gas water heater
- 3‑car garage plus a massive parking area for residents and guests
- Newer roof (2020); exterior features include awnings and balcony, with aluminum and wood siding
Overview
Located at 1046 Elmwood Avenue in Buffalo’s Elmwood Village area, the home features a massive parking area and a rare 3-car garage. The property is described as walkable to Buffalo State University, AKG, and Delaware Park, with convenient access to Allentown and Downtown.
For tenants, the layout supports flexible living needs with three bedrooms per unit and an extra room beyond the main floor plan, along with storage throughout the basement and attic. For owners seeking long-term stability, the home is reported to have been well maintained, with high-efficiency furnaces, air conditioning, and a newer roof installed in 2020.
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
