South Buffalo Multifamily Investment
49 Columbus Avenue Buffalo, NY 14220
49 Columbus Avenue, Buffalo, NY, 14220
$250,000
For Sale
$250,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,310 SF
Lot Size0.08 Acres
Price / SF$108.23
Days on Market52
Property Features for 49 Columbus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-133-390-0003-012-000
- Size
- 2,310 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2673
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Carpet, Varies
- Building materials
- SprayFoamInsulation, VinylSiding
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency
Keller Williams Realty Lancaster
(716) 324-2300
3400 Southwestern Blvd., Elma, NY
Listed by
Ryan Daley · License #10301215815
(716) 949-5189
Added: May 28 Checked: Jul 18 at 1:06 am
MLS# B1685115
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.
Located in a prime South Buffalo neighborhood, 49 Columbus Avenue features two units with spacious floor plans and refreshed kitchens and bathrooms. Substantial capital improvements were completed in 2025, including high-efficiency furnaces, updated electrical service, and basement insulation. The architectural roof was fully replaced in 2024. The property features a maintenance-free vinyl exterior and off-street parking with a concrete parking pad in the rear. A full basement includes laundry amenities, and a walk-up attic offers additional storage potential. The property size is 2310 square feet and the lot size is 0.08 acres.
Key Highlights
- 3/3 double with refreshed kitchens and bathrooms and spacious floor plans
- 2025 capital improvements: high‑efficiency furnaces, updated electrical service, and basement insulation
- Architectural roof full tear‑off completed in 2024; shingle/asphalt roofing
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 | $34.7k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $32.7k | $14.17 |
| − OpEx | −$9.8k | −$4.25 |
| NOI | $22.9k | $9.92 |
2,310 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$555.5K
$486.1K – $648.1K
NOI $38,886 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Professionally maintained duplex in prime South Buffalo neighborhood.
Where is this duplex located?
The property is located at 49 Columbus Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3/3 double with refreshed kitchens and bathrooms and spacious floor plans; 2025 capital improvements: high‑efficiency furnaces, updated electrical service, and basement insulation; Architectural roof full tear‑off completed in 2024; shingle/asphalt roofing
