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Brick 16-Room Multifamily Property
For Sale
$250,000

333 Elmwood Avenue, Buffalo, NY 14222

All-brick, three-story building with private and shared-bathroom room layouts.

Property Size9,684 SF
Price / SF$25.82
Days on Market38

Property Features for 333 Elmwood Avenue

General Information

Standard status Active
Size 9,684 SF
Total Parking Spaces 7
Property subtype Commercial
Zoning N-2E, Residential Multi Use
Occupancy 87%
Net Operating Income $67,360

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $9,614

Building Details

Building Size 9,684 SF
Year Built 1910
Buildings 1
Stories 3
Units 15
Construction all-brick
Listing Agency: Keller Williams Realty WNY
Listed By: Anthony Dubreville · License #10401347097
Source: Northstarwny
Added: Jul 14 Changed: Aug 15 Last Checked: Aug 19 at 3:25PM

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 Keller Williams Realty WNY

Investment Insights

Based on property information with market context.

This all-brick multifamily property contains approximately 9,684 square feet across three stories and is currently arranged as a lodging house with 16 rentable rooms. Six rooms have private bathrooms, while the remaining rooms use shared bathrooms positioned throughout the building. Built in 1910, the property is operating at 87% occupancy and provides an established rental configuration.

The building is located at 333 Elmwood Avenue in Buffalo’s Elmwood Bryant area, between Elmwood Village and Allentown. The surrounding corridor includes shops, restaurants, cafes, galleries, cultural destinations, public transit, and nearby employment centers such as Buffalo Niagara Medical Campus and Oishei Children’s Hospital. Zoning is N-2E, Residential Multi Use. Continued room rental, renovation, repositioning, or possible conversion to larger apartment-style units may be considered, subject to applicable approvals.

Key Highlights

  • Approximately 9,684 square feet across a three‑story building
  • 16 rentable rooms in the current lodging‑house configuration
  • Six rooms have private bathrooms; remaining rooms use shared bathrooms

Property Analytics

Current Use

KaPiTaL3 Construction Company

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Locksmith Butcher Carpet & Flooring Store Restaurant

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

87%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,430
Businesses Nearby

Demographics for 14222, NY

13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - All-brick, three-story building with private and shared-bathroom room layouts.
Where is this multifamily property located?
The property is located at 333 Elmwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 9,684 square feet across a three‑story building; 16 rentable rooms in the current lodging‑house configuration; Six rooms have private bathrooms; remaining rooms use shared bathrooms
More about this property
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