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5-Unit Apartment Property
For Sale
$299,900

1697 Electric Avenue, Buffalo, NY 14218

MultiFamily, Buffalo, NY

Property Size3,994 SF
Lot Size0.20 Acres
Price / SF$75.09
Days on Market137

Property Features for 1697 Electric Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 11
Rooms Bedroom 6, Bedroom 10, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 5, Bedroom 3, Bedroom 11, Basement, Bedroom 7, Bedroom 2
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

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 7201

Utilities

Heating system Forced Air, Natural Gas, Hot Water(Heating)
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
Buildings 2
Listing Agency: WNY Metro Roberts Realty
Listed By: Emmanuel Williams · License #10301217766
Added: Jun 16 Changed: Oct 30 Last Checked: Oct 30 at 6:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This 5-unit apartment property comprises two buildings on a 0.1974-acre parcel. The front structure contains three apartments, with two more in the rear building. Together, the buildings contain 3,994 square feet, and all five units are occupied. The property was built in 1900 and has vinyl siding, a blacktop driveway, a garage, and a porch. Heating is provided by hot water and forced air using natural gas; the water source is public.

At 1697 Electric Avenue in Buffalo, the property is described as near shopping, dining, public transportation, and major highways. The five-unit layout is divided between the two buildings, with three apartments in front and two behind.

Key Highlights

  • Five apartments across two buildings on one parcel
  • 3,994 square feet on 0.1974 acres
  • All five units are occupied

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings on one parcel provide a separate front-and-rear apartment configuration.
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 $299,900.
What are key features of this property?
This property features: Five apartments across two buildings on one parcel; 3,994 square feet on 0.1974 acres; All five units are occupied
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