412 Ashland Avenue Buffalo, NY 14222
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 24, 2026
- Days on Market:
- 19
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 412 Ashland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 6, Bathroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Attic
- Exterior features
- FullyFenced, PrivateYard
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-100-290-0002-016-000
- Size
- 2,838 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5151
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Tile, Hardwood, Varies
- Building materials
- BlownInInsulation, WoodSiding, CopperPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Susan D Lenahan License #30LE1129135 (716) 864-6757
Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY (716) 819-4200
Listing date Jun 24, 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 is located in Buffalo, NY, within the Elmwood Village area, described as highly walkable to restaurants, shops, cultural attractions, art museums, and parks. The covered front porch adds outdoor living space and a welcoming entry.
For owner-occupants and investors, the building’s multiple updates, upgraded systems, and renovated unit finishes support a practical, turnkey approach to maintaining a three-unit rental. The combination of newer windows, insulation, and updated mechanicals reduces near-term capital concerns while preserving the character of updated kitchens and baths throughout the three floors.
Key Highlights
- Three‑unit multi‑family with 6 bedrooms and 3 bathrooms across multiple levels
- Built in 1910 with covered front porch and fenced, private yard
- Recent upgrades include blown‑in insulation throughout floors, basement, and attic; Anderson replacement windows; exterior painting
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 | $42.6k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $40.2k | $14.17 |
| − OpEx | −$12.1k | −$4.25 |
| NOI | $28.2k | $9.92 |
