16-Unit Apartment
For Sale
$1,799,000
575 Starin Avenue, Buffalo, NY 14216
MultiFamily, Buffalo, NY
Property Size9,392 SF
Lot Size0.42 Acres
Price / SF$191.55
Days on Market53
Property Features for 575 Starin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Rooms
Bedroom 8, Bedroom 13, Bedroom 15, Bedroom 3, Bedroom 10, Bedroom 4, Bedroom 7, Bedroom 14, Bedroom 5, Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 12, Basement, Bedroom 9, Bedroom 16
Parking features
Driveway, Garage
Exterior features
BlacktopDriveway
Appliances
GasOven, GasRange, GasWaterHeater, Refrigerator
Lot features
Corner Lot, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-078-440-0001-018-100
Size
9,392 SF
Lot size
0.42 Acres
Additional Details
Individually Metered Utilities
electricity, heating
Taxes and HOA fees
Tax Annual Amount
25975
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
16
Flooring type
Varies, Laminate, Carpet
Building materials
Stucco
Roof type
Asphalt
Buildings
4
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 25 at 11:06AM
MLS# B1712063
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 16-unit apartment property at 575 Starin Avenue in Buffalo, NY, includes four buildings totaling 9,392 square feet on 0.4167 acres. The apartments are all two-bedroom units with kitchens, living rooms, full bathrooms, closets, and storage areas. Construction dates to 1950, with stucco exteriors, asphalt roofing, forced-air natural gas heat, and public water.
Each apartment has separately metered heating and electric utilities, while hot water is supplied by the landlord. Individual laundry hookups and secured storage accompany the units. The property also provides 16 on-site parking spaces, a blacktop driveway, garage parking, and outdoor area behind the buildings. Appliances include gas ovens, gas ranges, gas water heaters, and refrigerators.
Each apartment has separately metered heating and electric utilities, while hot water is supplied by the landlord. Individual laundry hookups and secured storage accompany the units. The property also provides 16 on-site parking spaces, a blacktop driveway, garage parking, and outdoor area behind the buildings. Appliances include gas ovens, gas ranges, gas water heaters, and refrigerators.
Key Highlights
- 16 apartments across four buildings
- All units are two‑bedroom apartments with kitchens, living rooms, full bathrooms, and storage
- 9,392 square feet on 0.4167 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,837
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,740
$1.7M
Cap Rate 7%
$1,226,243
$1.2M
Cap Rate 9%
$953,744
$953.7K
Market Conditions
NOI Build-Up for 9,392 SF
Gross rent
$163.4K $17.40/SF
− Vacancy
−$7.4K −$0.78/SF
EGI
$156.1K $16.62/SF
− OpEx
−$70.2K −$7.48/SF
NOI
$85.8K $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%
$1,716,740
Cap Rate 7%
$1,226,243
Cap Rate 9%
$953,744
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,837 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,101 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings contain two-bedroom apartments with individual heating and electric utilities.
Where is this apartment building located?
The property is located at 575 Starin Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 16 apartments across four buildings; All units are two‑bedroom apartments with kitchens, living rooms, full bathrooms, and storage; 9,392 square feet on 0.4167 acres
