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Renovated 6-Unit Apartment Building
For Sale
$629,000

423 Forest Avenue, Buffalo, NY 14213

Updated rental apartments offer varied layouts, shared laundry, and renovated building systems.

Property Size6,498 SF
Price / SF$96.80
Days on Market8

Property Features for 423 Forest Avenue

General Information

Standard status Active
Size 6,498 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR, 2 x 3BR
Multifamily Units 6

Amenities

shared laundry

Building Details

Year Built 1910
Year Renovated 2014
Listing Agency: Howard Hanna WNY Inc.
Listed By: Michael Hartke · License #HARTKEMI
Source: 716realtygroup
Added: Sep 20 Last Checked: Sep 26 at 4:16AM

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 Howard Hanna WNY Inc.

Investment Insights

Based on property information with market context.

Located at 423 Forest Avenue in Buffalo, this 6-unit apartment property contains four 2-bedroom apartments and two 3-bedroom apartments. The 6,498-square-foot building includes shared laundry and has been continuously occupied by long-term tenants.

Renovations completed in 2014 included kitchens, bathrooms, plumbing, electrical systems, windows, and the roof. Constructed in 1910, the property is near Elmwood Village, Buffalo State University, the Albright Knox Art Museum (AKG), Burchfield Penney Art Center, and Buffalo Historical Museum.

Key Highlights

  • 6,498‑square‑foot apartment building with 6 residential units
  • Unit mix includes four 2‑bedroom apartments and two 3‑bedroom apartments
  • 2014 renovations included kitchens, baths, plumbing, electrical, windows, and roof

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center (Bike/Boat/Book/etc) Store Dental Office Home Appliance Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

869
Businesses Nearby

Demographics for 14213, NY

25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Updated rental apartments offer varied layouts, shared laundry, and renovated building systems.
Where is this apartment building located?
The property is located at 423 Forest Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 6,498‑square‑foot apartment building with 6 residential units; Unit mix includes four 2‑bedroom apartments and two 3‑bedroom apartments; 2014 renovations included kitchens, baths, plumbing, electrical, windows, and roof
More about this property
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