Arts and Crafts
New
For Sale
$375,000
531 Potomac Avenue, Buffalo, NY 14222
Residential, Buffalo, NY
Property Size2,650 SF
Lot Size0.07 Acres
Price / SF$141.51
Days on Market3
Property Features for 531 Potomac Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3
Patio and Porch features
Porch
Interior features
NaturalWoodwork
Fireplace
1
Appliances
GasWaterHeater
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-089-690-0004-001-000
Size
2,650 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4691
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
porch
concrete driveway
full basement
full attic
pocket doors
hardwood floors
wood moldings
decorative brick fireplaces
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies, Tile
Building materials
Stone, CopperPlumbing
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Carmelo A Parlato · License #10401209029
(716) 335-2227
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 12 at 10:06PM
MLS# B1717477
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 2,650-square-foot duplex contains two similarly arranged apartments, each with three bedrooms and one full bathroom. Arts and Crafts details include hardwood floors, pocket doors, detailed wood trim and decorative brick fireplaces. The building also has porches on both the front and rear, a full basement, a full attic and a recently replaced tear-off roof. A concrete driveway serves the 0.07-acre parcel, which occupies the corner of Potomac Avenue and Claremont Avenue.
Built in 1902, the property is two blocks from Elmwood Avenue and within walking distance of the AKG Art Museum and Buffalo State University.
Built in 1902, the property is two blocks from Elmwood Avenue and within walking distance of the AKG Art Museum and Buffalo State University.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bathroom
- 2,650 square feet on a 0.07‑acre corner parcel
- Hardwood floors, pocket doors, detailed wood trim and decorative brick fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,295
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,900
$525.9K
Cap Rate 7%
$375,643
$375.6K
Cap Rate 9%
$292,167
$292.2K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$39.8K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$37.6K $14.17/SF
− OpEx
−$11.3K −$4.25/SF
NOI
$26.3K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,900
Cap Rate 7%
$375,643
Cap Rate 9%
$292,167
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.7K – $438.3K
NOI $26,295 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$637.3K
$557.6K – $743.5K
NOI $44,609 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences combine period woodwork with porches at both the front and rear.
Where is this duplex located?
The property is located at 531 Potomac Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; 2,650 square feet on a 0.07‑acre corner parcel; Hardwood floors, pocket doors, detailed wood trim and decorative brick fireplaces
