Updated Multifamily Property with
For Sale
$279,900
219 Loring Avenue, Buffalo, NY 14214
Vacant asset with renovated interiors, upgraded major systems, an attached lot, and separate parking and storage.
Property Size2,650 SF
Price / SF$105.62
Days on Market106
Property Features for 219 Loring Avenue
General Information
Standard status
Active
Size
2,650 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Amenities
Gas
Forced Air
Gas Water Heater
Patio, Porch, Electricity Connected, Sewer Connected, Water Connected, Shingle
Building Details
Year Built
1913
Stories
2
Listing Agency:
WNY
Listed By:
MD MAMUN · License #10401401589
(716) 616-9100
Source:
Kw
Added: Jul 7
Changed: Oct 19
Last Checked: Oct 19 at 5:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WNY
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Investment Insights
Based on property information with market context.
This vacant multifamily property offers 6 bedrooms, 2.5 bathrooms, and nearly 2,650 square feet of living space. Interior improvements include luxury tile, new vinyl flooring, and a modernized kitchen with new cabinetry. Major system updates include a new roof, energy-efficient vinyl windows, dual new hot water tanks, and a 150-amp electrical service.
The property includes an attached vacant lot and a detached 2-car garage, providing additional exterior space, parking, and storage. Built in 1913, the building is located at 219 Loring Avenue in Buffalo, NY 14214.
The property includes an attached vacant lot and a detached 2-car garage, providing additional exterior space, parking, and storage. Built in 1913, the building is located at 219 Loring Avenue in Buffalo, NY 14214.
Key Highlights
- 6‑bedroom, 2.5‑bathroom multifamily property
- Nearly 2,650 square feet of living space
- New roof, energy‑efficient vinyl windows, and dual new hot water tanks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,219
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,380
$484.4K
Cap Rate 7%
$345,986
$346.0K
Cap Rate 9%
$269,100
$269.1K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$46.1K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$44.0K $16.62/SF
− OpEx
−$19.8K −$7.48/SF
NOI
$24.2K $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%
$484,380
Cap Rate 7%
$345,986
Cap Rate 9%
$269,100
Alternative Uses
Best Use
Apartment 5plus
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.3K
$557.6K – $743.5K
NOI $44,609 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
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Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
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 - Vacant asset with renovated interiors, upgraded major systems, an attached lot, and separate parking and storage.
Where is this multifamily property located?
The property is located at 219 Loring Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 6‑bedroom, 2.5‑bathroom multifamily property; Nearly 2,650 square feet of living space; New roof, energy‑efficient vinyl windows, and dual new hot water tanks
