Mixed-Use Property with Office
461 Linwood Avenue, Buffalo, NY 14209
For Sale
$799,900
Residential, Buffalo, NY
Property Size5,272 SF
Lot Size0.21 Acres
Price / SF$174.12
Days on Market95
Property Features for 461 Linwood Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Fireplace
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
original woodwork
ornate hardware
classic fireplaces
reception area
conference room
private work spaces
dedicated kitchen area
central air conditioning
independent laundry hookups
backup generator
partially finished basement
full concrete driveway
detached two-car garage
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
WNY Metro Roberts Realty
(716) 891-1710
Listed By:
David N Perrelli · License #10301202536
(716) 861-7961
Added: Aug 6
Changed: Oct 31
Last Checked: Nov 8 at 4:06AM
MLS# B1704194
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.
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Investment Insights
Based on property information with market context.
This three-level mixed-use property combines commercial and residential space within a brick building constructed in 1900. The first floor is configured for professional office use with a reception area, conference room, private work areas, two bathrooms, a kitchen area, and central air conditioning. Two fully leased apartments occupy the upper floors. One includes two bedrooms, two full bathrooms, a family room with a fireplace, and laundry hookups; the other offers two bedrooms, an eat-in kitchen, laundry hookups, and a private rear porch.
Property improvements include modernized electrical systems, a backup generator, an asphalt roof replaced in 2015, and a partially finished basement for utilities and storage. A full concrete driveway accommodates eight or more vehicles, and a detached two-car garage provides additional covered parking. Original woodwork, ornate hardware, and multiple fireplaces remain among the building’s architectural features. The property is located within a Historic Preservation District near local shops, dining, parks, and transit.
Property improvements include modernized electrical systems, a backup generator, an asphalt roof replaced in 2015, and a partially finished basement for utilities and storage. A full concrete driveway accommodates eight or more vehicles, and a detached two-car garage provides additional covered parking. Original woodwork, ornate hardware, and multiple fireplaces remain among the building’s architectural features. The property is located within a Historic Preservation District near local shops, dining, parks, and transit.
Key Highlights
- Three‑level mixed‑use building with first‑floor professional office space and two fully leased residential units
- First‑floor office includes reception, conference room, private work areas, two bathrooms, kitchen area, and central air conditioning
- Second‑floor apartment has two bedrooms, two full bathrooms, family room fireplace, and independent laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,285
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,700
$1.1M
Cap Rate 7%
$818,357
$818.4K
Cap Rate 9%
$636,500
$636.5K
Market Conditions
NOI Build-Up for 4,594 SF
Gross rent
$93.7K $20.40/SF
− Vacancy
−$17.3K −$3.77/SF
EGI
$76.4K $16.63/SF
− OpEx
−$19.1K −$4.16/SF
NOI
$57.3K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,700
Cap Rate 7%
$818,357
Cap Rate 9%
$636,500
Alternative Uses
Best Use
Office B
$818.4K
$716.1K – $954.8K
NOI $57,285 @ 7.0% cap · market cap 7.16%
Second Best
Mixed Use
$708.8K
$620.2K – $826.9K
NOI $49,615 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.10M
$966.7K – $1.29M
NOI $77,334 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
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Business Placement
Demographics for 14209, NY
8,251
Population
4,729
Households
1.7
Avg Household Size
39
Median Age
46%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
8,251
Density / Sq Mi
$49,359
Median Household Income
$33,329
Median Earnings
$1,025
Median Rent
$408,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Buffalo, NY
Properties on Market for Mixed-use properties in Buffalo
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level building combines a professional office, two leased apartments, updated systems, and substantial on-site parking.
Where is this mixed-use property located?
The property is located at 461 Linwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑level mixed‑use building with first‑floor professional office space and two fully leased residential units; First‑floor office includes reception, conference room, private work areas, two bathrooms, kitchen area, and central air conditioning; Second‑floor apartment has two bedrooms, two full bathrooms, family room fireplace, and independent laundry hookups
