31 Elkhart Street Buffalo, NY 14218
MULTI_FAMILY - Other - Buffalo, NY
Property Features for 31 Elkhart Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1
- Parking features
- On Street
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140900-142-700-0001-007-000
- Size
- 1,909 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3531
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Laminate, Varies
- Building materials
- AluminumSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Matthew Messing License #10401360512 (716) 310-2934
Listing office WNY Metro Roberts Realty 4124 N Buffalo St, cheektowaga, NY (716) 662-0449
Listing date Jun 16, 2026
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.
The property sits on a rare double lot, which is currently used as off-street tenant parking. This extra outdoor space supports everyday tenant needs and enhances the overall functionality of the building. The address is 31 Elkhart Street (31-33), with showings beginning at the open house on Thursday, June 18th from 5:00 PM to 7:00 PM.
For investors and owner-operators seeking a manageable income property, the mix of apartment sizes can appeal to multiple tenant demographics. With meaningful electrical and plumbing updates already completed and a practical parking amenity on-site, this triplex presents a straightforward option for maintaining and operating a residential income asset.
Key Highlights
- Triplex on a rare double lot at 31‑33 Elkhart Street with off‑street tenant parking
- Unit mix: one 3‑bedroom/1‑bath, one 1‑bedroom/1‑bath, and one studio apartment
- Common coin‑operated laundry area on site
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 | $28.6k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.1k | $14.17 |
| − OpEx | −$8.1k | −$4.25 |
| NOI | $18.9k | $9.92 |
