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Five-Unit Apartment Property
New
For Sale
$229,000

163 16th Street, Buffalo, NY 14213

MultiFamily, Buffalo, NY

Property Size3,290 SF
Lot Size0.10 Acres
Price / SF$69.60
Days on Market6

Property Features for 163 16th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Rooms Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 3, Bedroom 2, Basement, Bedroom 1, Bedroom 4
Parking features Driveway, Garage
Appliances WaterHeater
Lot features Near Public Transit, Rectangular, Rectangular Lot
Elementary school district Buffalo
Middle school district Buffalo
High school district Buffalo
Subdivision Buffalo City-140200
Standard status Active
APN 140200-099-600-0004-035-000
Size 3,290 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Annual Amount 2063

Utilities

Heating system Space Heater
Water source Public

Building Details

Year built 1870
Floors in Building 2
Number of units 5
Flooring type Hardwood, Varies, Vinyl
Building materials VinylSiding, WoodSiding
Roof type Asphalt
Listing Agency: Keller Williams Realty WNY
Listed By: Md Nabi Islam · License #10401400344
Added: Sep 22 Changed: Sep 26 Last Checked: Sep 27 at 12:06PM
MLS# B1716681

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.

Investment Insights

Based on property information with market context.

This 3,290-square-foot apartment property includes two detached homes on a 0.1022-acre parcel. Built in 1870, the front house contains four separate apartments, each arranged with one bedroom, one full bathroom, living space, dining space, and a kitchen. The rear house adds four bedrooms, two full bathrooms, living and dining areas, and a full kitchen; rehabilitation is required in that structure.

The property contains five apartments, eight bedrooms, and six full bathrooms overall. Improvements include vinyl and wood siding, asphalt roofing, public water, space-heater heating, vinyl and hardwood flooring, a driveway, and a garage. The site is in Buffalo, near Downtown Buffalo, Allentown, and Elmwood Village, with schools, corner stores, and everyday amenities nearby.

Key Highlights

  • Two detached homes on a 0.1022‑acre parcel
  • Five apartments with 8 bedrooms and 6 full bathrooms
  • Front house contains four 1‑bedroom, 1‑bathroom apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Carpet & Flooring Store Storage Facility Locksmith (Bike/Boat/Book/etc) 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,915
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?
Apartment building - Two detached homes combine four apartment layouts with a separate residence requiring rehabilitation.
Where is this apartment building located?
The property is located at 163 16th Street Buffalo, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two detached homes on a 0.1022‑acre parcel; Five apartments with 8 bedrooms and 6 full bathrooms; Front house contains four 1‑bedroom, 1‑bathroom apartments
More about this property
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