Four-Unit Quadplex with Fenced
180 Richmond Avenue, Buffalo, NY 14222
MULTI_FAMILY - Other - Buffalo, NY
Property size:
5,186 SFLot size:
0.15 AcresPrice / SF:
$125/SF- Added:
- May 18, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 5 at 7:06 pm
Property Features for 180 Richmond Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 4, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 4, Bathroom 1
- Parking features
- Garage, Open
- Window features
- Drapes
- Patio and Porch features
- Patio, Porch, Deck
- Interior features
- CeilingFans, Storage, NaturalWoodwork, WindowTreatments
- Exterior features
- Balcony, Deck, FullyFenced, Patio, PrivateYard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-099-600-0006-019-000
- Size
- 5,186 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9769
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Carpet, Hardwood, Varies, Vinyl, Tile, Laminate
- Building materials
- WoodSiding, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Karina Stachowiak License #10401362457 (716) 908-4212
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date May 18, 2026
MLS# B1676154
Listing URL
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.
HighLights
- Fully rented four‑unit property with shared laundry and basement storage
- 1st‑floor 3‑bedroom unit and two 1‑bedroom units plus a bright 3rd‑floor 2‑bedroom apartment
- Updated kitchens and bathrooms, plus vinyl windows and interior paint
- Outside features include a fully fenced private yard, stamped concrete patio, and balcony/deck/porch areas
- Parking includes four garage bays (one per unit) plus additional front and rear driveway parking
- Major utilities updates: new water line to street (2026) and gas forced‑air heating with annually serviced systems
Overview
180 Richmond Avenue is a fully rented four-unit quadplex offering a mix of apartment types with functional, updated living spaces. The first floor features a 3-bedroom layout with sun-filled rooms and a chef’s kitchen that includes granite countertops and abundant cabinetry. Two separate 1-bedroom apartments include private patios, updated kitchens and baths, and outdoor space. The third-floor 2-bedroom unit offers bright natural light, an efficient layout, and ample storage. A shared laundry area and additional basement storage support everyday convenience.
The property is located near the shops, restaurants, cafes, and parks associated with Elmwood Village and Five Points in Buffalo. Exterior and systems upkeep has been addressed with updates including renovated kitchens and bathrooms, vinyl windows, interior paint, and full exterior paint in 2023. The water line to the street was replaced in 2026, and mechanical systems are professionally serviced annually.
On-site parking is well accommodated for a four-unit setup, with a fully fenced yard, a stamped concrete patio, and four garage bays (one for each unit) plus additional front and rear driveway parking. This configuration should appeal to tenants seeking private outdoor space and covered parking, while providing an operator with a straightforward, four-door residential income layout supported by recent property improvements.
The property is located near the shops, restaurants, cafes, and parks associated with Elmwood Village and Five Points in Buffalo. Exterior and systems upkeep has been addressed with updates including renovated kitchens and bathrooms, vinyl windows, interior paint, and full exterior paint in 2023. The water line to the street was replaced in 2026, and mechanical systems are professionally serviced annually.
On-site parking is well accommodated for a four-unit setup, with a fully fenced yard, a stamped concrete patio, and four garage bays (one for each unit) plus additional front and rear driveway parking. This configuration should appeal to tenants seeking private outdoor space and covered parking, while providing an operator with a straightforward, four-door residential income layout supported by recent property improvements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $15.00 |
| − Vacancy | −$4.3k | −$0.83 |
| EGI | $73.5k | $14.17 |
| − OpEx | −$22.1k | −$4.25 |
| NOI | $51.5k | $9.92 |
5,186 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.1K
$643.2K – $857.6K
NOI $51,458 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$677.1K
$592.5K – $790.0K
NOI $47,397 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,299 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.882391
- Latitude
- 42.90739
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully rented four-unit property with updated interiors, shared laundry, and a fenced yard with patio and garage parking.
Where is this quadplex located?
The property is located at 180 Richmond Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully rented four‑unit property with shared laundry and basement storage; 1st‑floor 3‑bedroom unit and two 1‑bedroom units plus a bright 3rd‑floor 2‑bedroom apartment; Updated kitchens and bathrooms, plus vinyl windows and interior paint
