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4-Unit Apartment Building
New
For Sale
$275,000

116 Herkimer Street, Buffalo, NY 14213

Three apartments are rented, while the remaining unit is vacant and slated for renovation.

Property Size3,699 SF
Days on Market5

Property Features for 116 Herkimer Street

General Information

Standard status Active
Size 3,699 SF
Property subtype Multi Family

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,230

Building Details

Building Size 3,699 SF
Year Built 1900
Listing Agency: Main Woods Real Estate
Listed By: Daniel Demont · License #10401346431
Source: Highfallssir
Added: Oct 1 Changed: Oct 5 Last Checked: Oct 4 at 4:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Main Woods Real Estate

Investment Insights

Based on property information with market context.

Built in 1900, this four-unit apartment property has three rented apartments and one vacant unit that requires renovation. The unit mix offers an existing rental component alongside a unit needing work.

The property is on Herkimer Street in Buffalo, near Elmwood Village and the Allentown District. Restaurants, coffee shops, bars, boutiques, entertainment, parks, and neighborhood amenities are identified nearby.

Key Highlights

  • Four residential units
  • Three apartments are currently rented
  • One vacant unit requires renovation

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service Accounting Firm Electrical Service Law Firm Auto Parts Store

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,056
Businesses Nearby

Demographics for 14213, NY

25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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?
Quadplex - Three apartments are rented, while the remaining unit is vacant and slated for renovation.
Where is this quadplex located?
The property is located at 116 Herkimer Street Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four residential units; Three apartments are currently rented; One vacant unit requires renovation
More about this property
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