407 Potomac Avenue, Buffalo, NY 14213
- Added:
- May 21, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 6 at 9:06 am
Property Features for 407 Potomac Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Interior features
- Attic
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-088-760-0005-003-000
- Size
- 3,340 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4035
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Varies, Hardwood
- Building materials
- WoodSiding
- Architectural style
- Other
Listing agent Julia Partsch License #10301220911 (716) 425-4502
Listing office Prestige Family Realty 2930 Sweet Home Rd, N. Tonawanda, NY (716) 389-3524
Listing date May 21, 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.
HighLights
- West Side triple built in 1900 with wood siding and an attic
- First‑floor unit: sun‑filled living room, formal dining with leaded glass windows and decorative fireplace, updated kitchen, 3 bedrooms, large updated full bath
- Second‑floor unit: bright living room with views, formal dining room, spacious kitchen, 2 bedrooms, full bath
- Third‑floor unit: open kitchen/living layout with 1 bedroom, full bath, and plenty of closet space
- Heating includes natural gas forced air and a gas water heater; public water source
- Private yard with large concrete patio and privacy fence; shared entryway accessed via a charming front porch
Overview
Outside, the property includes a private yard with a large concrete patio and privacy fencing, supporting outdoor use for residents. The location is described as near Five Points, Elmwood Village, and downtown, with showings beginning immediately.
This layout can fit buyers seeking a residential income property with three distinct living setups and updated interiors, along with practical outdoor space for tenants to use. With showings available now and offers reviewed as received, the property is ready for serious consideration.
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 | $50.1k | $15.00 |
| − Vacancy | −$2.8k | −$0.83 |
| EGI | $47.3k | $14.17 |
| − OpEx | −$14.2k | −$4.25 |
| NOI | $33.1k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.884218
- Latitude
- 42.923816
