615 Elmwood Ave Buffalo, NY 14222
Two-family home with commercial space in vibrant Elmwood Village.
- Added:
- Apr 13, 2026
- Days on Market:
- 91
- Last Refresh:
- May 19 at 11:33 pm
Property Features for 615 Elmwood Ave
General Information
- Standard status
- Active
- Size
- 4,662 SF
Listing office MJ Peterson Real Estate Inc. (716) 308-6561
Listing date Apr 13, 2026
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MJ Peterson Real Estate Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Elmwood Village location with high visibility and foot traffic.
- Mixed‑use property: residential comfort with commercial potential.
- Luxury 3‑bedroom, 2‑bath upper apartment with cherry wood floors.
Local Financial Insights For Office B
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 | $95.1k | $20.40 |
| − Vacancy | −$17.6k | −$3.77 |
| EGI | $77.5k | $16.63 |
| − OpEx | −$19.4k | −$4.16 |
| NOI | $58.1k | $12.47 |