5-Unit Apartment Building
46 Norwood Avenue Buffalo, NY 14222
New
46 Norwood Avenue, Buffalo, NY, 14222
$799,000
For Sale
$799,000
MULTI_FAMILY - Buffalo, NY
Property Size7,685 SF
Lot Size0.22 Acres
Price / SF$103.97
Days on Market2
Property Features for 46 Norwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 1, Basement, Bedroom 3, Bedroom 4
- Parking features
- Garage
- Window features
- Skylight(s), Wood Frames
- Patio and Porch features
- Patio, Porch
- Interior features
- EntranceFoyer, Storage, Skylights, NaturalWoodwork
- Exterior features
- BlacktopDriveway, Fence, Patio
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, GasOven, GasRange, GasWaterHeater, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 140200-100-610-0002-005-000
- Size
- 7,685 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12207
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Varies, Hardwood, Laminate, Tile, Carpet
- Building materials
- WoodSiding, CopperPlumbing
- Roof type
- Flat, Shingle, Asphalt
- Additional Structures
- Storage
Listing Agency
Gurney Becker & Bourne
(716) 849-1234
976 Delaware Ave, Buffalo, NY
Listed by
Jeffrey Moyer · License #10401225154
(716) 818-9042
Added: Jul 18 Checked: Jul 19 at 11:06 am
MLS# B1698573
Listing URL
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.
This 5-unit apartment building totals 7,685 square feet and retains original architectural character throughout. The property features a large solarium and porte-cochere, with interior details including a two-story foyer, grand staircase, decorative fire places, mosaic tile flooring, and leaded glass bay windows. Unit layouts include first-floor and second-floor apartments with two-bedroom and two-bath configurations, as well as additional one-bedroom and studio-style living spaces. Updates reported include a tear-off roof and gutters (2020), two newer Dunkirk boilers (2020), and updated 200-amp electric service (2020), along with a sump pump, ample storage, and parking for 6+ cars.
The building is located at 46 Norwood Avenue in Buffalo, New York, in the Elmwood Village area. The property also includes landscaped outdoor grounds.
The building is located at 46 Norwood Avenue in Buffalo, New York, in the Elmwood Village area. The property also includes landscaped outdoor grounds.
Key Highlights
- 5‑unit apartment building originally built as a single‑family home with 7,685 SF
- Units include 2BD/2BA on the first floor, 2BD/2BA plus 1BD and studio on the second floor, and a 3rd‑floor 2BD/1BA
- Historic interior details include two‑story foyer, grand staircase, leaded glass bay window, natural woodwork, and hardwood/mosaic tile flooring
Local Financial Insights For Apartment 5plus
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 | $133.7k | $17.40 |
| − Vacancy | −$6.0k | −$0.78 |
| EGI | $127.7k | $16.62 |
| − OpEx | −$57.5k | −$7.48 |
| NOI | $70.2k | $9.14 |
7,685 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.0K – $1.17M
NOI $70,236 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,366 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building with multiple updated kitchens, leaded-glass windows, and parking for 6+ vehicles.
Where is this apartment building located?
The property is located at 46 Norwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5‑unit apartment building originally built as a single‑family home with 7,685 SF; Units include 2BD/2BA on the first floor, 2BD/2BA plus 1BD and studio on the second floor, and a 3rd‑floor 2BD/1BA; Historic interior details include two‑story foyer, grand staircase, leaded glass bay window, natural woodwork, and hardwood/mosaic tile flooring
