3-Unit Multifamily
New
For Sale
$325,000
148 Potomac Avenue, Buffalo, NY 14213
Residential, Buffalo, NY
Property Size3,115 SF
Lot Size0.08 Acres
Price / SF$104.33
Days on Market2
Property Features for 148 Potomac Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 8, Bathroom 2, Basement, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2
Parking features
Driveway
Fireplace
1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-088-740-0004-034-000
Size
3,115 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2346
Utilities
Heating system
Other (Heating), Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Varies
Building materials
VinylSiding
Buildings
2
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Stephen Zattosky · License #10401285918
(716) 501-8814
Added: Oct 27
Last Checked: Oct 28 at 11:06AM
MLS# B1724254
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.
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Investment Insights
Based on property information with market context.
At 148 Potomac Avenue, this multifamily property contains 3,115 square feet across three units. The front building has two three-bedroom apartments, while a separate rear cottage adds another three-bedroom residence. The buildings were newly renovated, and the property dates to 1900.
The parcel measures 0.0831 acres. Property features include hardwood and varied flooring, natural gas forced-air heating, a gas water heater, a fireplace, public water, and driveway parking.
The parcel measures 0.0831 acres. Property features include hardwood and varied flooring, natural gas forced-air heating, a gas water heater, a fireplace, public water, and driveway parking.
Key Highlights
- Three residential units: two three‑bedroom apartments and a separate three‑bedroom rear cottage
- 3,115 square feet of property space
- 0.0831‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,469
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
$569.4K
Cap Rate 7%
$406,700
$406.7K
Cap Rate 9%
$316,322
$316.3K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$54.2K $17.40/SF
− Vacancy
−$2.4K −$0.78/SF
EGI
$51.8K $16.62/SF
− OpEx
−$23.3K −$7.48/SF
NOI
$28.5K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
Cap Rate 7%
$406,700
Cap Rate 9%
$316,322
Alternative Uses
Best Use
Apartment 5plus
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,437 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two front apartments and a rear cottage provide three residential units on one parcel.
Where is this multifamily property located?
The property is located at 148 Potomac Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three residential units: two three‑bedroom apartments and a separate three‑bedroom rear cottage; 3,115 square feet of property space; 0.0831‑acre parcel
