Five-Unit Apartment
462 W Delavan Avenue, Buffalo, NY 14213
For Sale
$485,000
MultiFamily, Buffalo, NY
Property Size3,743 SF
Lot Size0.12 Acres
Price / SF$129.58
Days on Market60
Property Features for 462 W Delavan Avenue
General Information
Property type
Property subtype
Bedrooms
Rooms
Parking features
Interior features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
shared laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Kiersten Minnick · License NY #10401259186
(716) 868-6613
Added: Sep 17
Changed: Nov 14
Last Checked: Nov 15 at 12:06AM
MLS# B1715455
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,743-square-foot apartment building contains five occupied units: four one-bedroom apartments and one studio. Units 1 through 4 feature newer replacement windows and refreshed kitchens, while the third-floor fifth unit occupies the entire level and offers room for further updates. Hardwood flooring, natural woodwork, refrigerators, and electric ovens or stovetops are included across the property. A shared coin-operated washer and dryer serve residents in the basement.
The property at 462 W Delavan Avenue in Buffalo is near Elmwood Village, Richmond Avenue, Bidwell Farmer's Market, and shops and restaurants along Elmwood Avenue. Improvements include a 2016 roof, a new boiler installed in 2026, a certified sprinkler system from 2026, a hot water tank, composite siding, an asphalt roof, and a concrete driveway. Public water, natural gas, and steam heat are in place. The landlord pays heat and hot water, while tenants pay electricity.
The property at 462 W Delavan Avenue in Buffalo is near Elmwood Village, Richmond Avenue, Bidwell Farmer's Market, and shops and restaurants along Elmwood Avenue. Improvements include a 2016 roof, a new boiler installed in 2026, a certified sprinkler system from 2026, a hot water tank, composite siding, an asphalt roof, and a concrete driveway. Public water, natural gas, and steam heat are in place. The landlord pays heat and hot water, while tenants pay electricity.
Key Highlights
- Five‑unit property with four 1‑bedroom apartments and one studio
- 3,743 square feet on 0.1173 acres
- 2016 roof and boiler installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,209
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,180
$684.2K
Cap Rate 7%
$488,700
$488.7K
Cap Rate 9%
$380,100
$380.1K
Market Conditions
NOI Build-Up for 3,743 SF
Gross rent
$65.1K $17.40/SF
− Vacancy
−$2.9K −$0.78/SF
EGI
$62.2K $16.62/SF
− OpEx
−$28.0K −$7.48/SF
NOI
$34.2K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,180
Cap Rate 7%
$488,700
Cap Rate 9%
$380,100
Alternative Uses
Best Use
Apartment 5plus
$488.7K
$427.6K – $570.2K
NOI $34,209 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.1K
$787.6K – $1.05M
NOI $63,008 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
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
$192,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Buffalo, NY
Properties on Market for Apartment buildings in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with updated kitchens, off-street parking, and shared basement laundry facilities.
Where is this apartment building located?
The property is located at 462 W Delavan Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Five‑unit property with four 1‑bedroom apartments and one studio; 3,743 square feet on 0.1173 acres; 2016 roof and boiler installed in 2026
