Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Six-Unit Brick Apartment Building Title is generated by Realmo AI

    367 Potters Rd 365, West Seneca, NY 14220

    View on Map
    Claim this Listing
    For Sale
    $949,000

    Rare six-unit brick apartment building with garages and upgrades.

    Type:Investment
    Added:
    Apr 10, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 10 at 8:55 am

    Property Features for 367 Potters Rd 365

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Joseph Strano

    Listing agent Joseph Strano

    Listing office

    Listing date Apr 10, 2026

    Source Elliman

    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 Joseph Strano

    HighLights

    • Opportunity to assume existing financing
    • Rare 6‑unit brick apartment building with upgraded mechanics including a new roof, gas hot water tanks, and gas furnaces within the last two years
    • Each unit features separate utilities and central air conditioning
    • Six‑car garage with one designated spot for each unit, plus additional parking
    • All six units have basement access with laundry facilities
    • Large, paved area in the back with green space suitable for light recreation

    Overview

    The property at 365-369 Potters Rd, West Seneca, NY 14220, is a six-unit brick apartment building. The driveway on the 365 side leads to a large, paved area suitable for light recreation, including green space. A large six-car garage provides one designated parking spot for each unit, and the paved area offers additional parking. The building at 365 Potters Rd consists of two 2-bedroom, 1-bathroom units. The building at 367 Potters Rd has two 1-bedroom, 1-bathroom units, and the building at 369 Potters Rd contains two 2-bedroom, 1-bathroom units. All units have full basements and separate utilities. The mechanics have been upgraded, including a new roof on the main building and garage, all completed within the last two years. Gas hot water tanks and gas furnaces are present. All six units have central air conditioning and access to laundry in the basements of each building. Current financing on this property allows for a qualified buyer to assume the existing loan.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Seneca
    County
    Erie
    State
    New York
    Longitude
    -78.8004477
    Latitude
    42.8390846

    Nearby Similar for Sale

    • $425,000
      6,787 SF

      Mixed-Use Building in West Seneca

      Mixed-use building with commercial spaces and apartments, fully rented.
      2895 Seneca Street, West Seneca, NY 14224
      View Details
    • $269,900
      2,602 SF

      Reconstructed Duplex in West Seneca

      Fully reconstructed 2-unit home with modern amenities and ample storage.
      116 Bellwood Avenue, West Seneca, NY 14224
      View Details
    • $2,394,370
      15,059 SF

      Renovated Dollar General Investment Property

      Newly renovated Dollar General Market investment property with a 10-year lease.
      25 Gardenville Parkway, West Seneca, NY 14224
      View Details
    • $1,500,000
      15,000 SF

      Versatile Commercial Building with Development Potential

      15,000+ sq ft commercial building with development opportunity.
      1475 Orchard Park Road, West Seneca, NY 14224
      View Details
    • $1,199,900
      6,000 SF

      Union Road Medical Investment Property

      Cash flowing medical property with long-term tenant on Union Road.
      2100 Union Rd, West Seneca, NY 14224
      View Details
    • $485,000

      Harlem Road Mixed-Use Property

      Well-maintained building with apartments and office space for sale.
      735 Harlem Rd, West Seneca, NY 14224
      View Details
    • $1,150,000

      High-Traffic Commercial Property For Sale

      Commercial property with high visibility and easy access in West Seneca.
      1537 Union Rd, West Seneca, NY 14224
      View Details
    • $299,900

      Well-Maintained Duplex with Income Potential

      Duplex with remodeled unit, updated mechanics, and income potential.
      3912 Seneca St 1, West Seneca, NY 14224
      View Details
    • $264,900
      1,712 SF

      Spacious West Seneca Multi Family

      Clean, well-maintained multi-family property in a desirable location.
      155 Fieldcrest Ct, West Seneca, NY 14224
      View Details
    • $218,000

      West Seneca Investment Triplex

      Three-unit property in West Seneca, ideal for investors.
      132 Edson St, West Seneca, NY 14210
      View Details
    • $925,000
      8,890 SF

      West Seneca Auto Shop Building

      8,890 SF building with 10 overhead doors.
      130 Orchard Park Road, West Seneca, NY 14224
      View Details
    • $199,000

      West Seneca Duplex with Updates

      Updated duplex in West Seneca with income potential.
      73 Columbia Pkwy, West Seneca, NY 14224
      View Details

    FAQs

    What type of property is this?
    Apartment building - Rare six-unit brick apartment building with garages and upgrades.
    Where is this apartment building located?
    The property is located at 367 Potters Rd 365 West Seneca, NY.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: Opportunity to assume existing financing; Rare 6‑unit brick apartment building with upgraded mechanics including a new roof, gas hot water tanks, and gas furnaces within the last two years; Each unit features separate utilities and central air conditioning
    (716) 445-0574
    We can help!
    Listing Contact
    Joseph Strano
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    367 Potters Rd 365, West Seneca, NY 14220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!