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5-Unit Apartment Building with Two Buildings
For Sale
$369,900

1697 Electric Avenue, Buffalo, NY 14218

MULTI_FAMILY - Buffalo, NY

Property Size3,994 SF
Lot Size0.20 Acres
Price / SF$92.61
Days on Market47

Property Features for 1697 Electric Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Rooms Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Basement
Parking features Garage
Patio and Porch features Porch
Exterior features BlacktopDriveway
Appliances GasWaterHeater
Subdivision Buffalo Crk Reservation
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Lackawanna
Middle school district Lackawanna
High school district Lackawanna
Directions Roland Ave to Electric Ave
Standard status Active
APN 140900-142-700-0005-024-100
Size 3,994 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 7201

Utilities

Heating system Forced Air, Hot Water(Heating), Natural Gas
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 5
Flooring type Varies, Vinyl
Building materials VinylSiding
Roof type Asphalt
Listing Agency: WNY Metro Roberts Realty
Listed By: Emmanuel Williams · License #10301217766
Added: Jun 16 Changed: Aug 1 Last Checked: Aug 1 at 6:06AM
MLS# B1687674

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.

1697 Electric Avenue is a 5-unit apartment property on one parcel with two separate buildings. The front building contains three apartments and the rear building contains two additional units, with five full bathrooms total across the property. All units are currently occupied.

The exterior includes vinyl siding and an asphalt roof. The property has a large blacktop driveway that supports off-street parking for tenants, plus a garage and a porch. Mechanical elements include a sump pump, solid mechanical systems, and a gas water heater.

Heating is provided via natural gas with forced air and hot water (heating). Public water serves the property, and the home includes a basement. Built in 1900, the buildings offer an owner-occupant or investor-focused multi-unit setup in Lackawanna near shopping, dining, public transportation, and major highways.

Key Highlights

  • Two‑building, 5‑unit apartment property on one parcel
  • Front building has three apartments; rear building has two additional units
  • Five full bathrooms and all units currently occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic Gym & Fitness Center Bakery (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
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

Demographics for 14218, NY

20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value

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 - 5-unit apartment building with two buildings on one parcel, vinyl siding, and a large blacktop driveway for off-street parking.
Where is this apartment building located?
The property is located at 1697 Electric Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑building, 5‑unit apartment property on one parcel; Front building has three apartments; rear building has two additional units; Five full bathrooms and all units currently occupied
More about this property
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