Mixed-Use Two-Family with
615 Elmwood Avenue, Buffalo, NY 14222
- Added:
- Apr 13, 2026
- Days on Market:
- 84
- Last Refresh:
- Jul 5 at 9:06 pm
Property Features for 615 Elmwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Basement
- Parking features
- Garage, Open
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, SlidingGlassDoors, NaturalWoodwork
- Exterior features
- FullyFenced
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-100-380-0002-037-000
- Size
- 4,662 SF
Taxes and HOA fees
- Tax Annual Amount
- 7451
Utilities
- Heating system
- Electric (Heating), Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Varies
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Maria C Bufalino License #40BU0853538 (716) 308-6561
Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY (716) 819-4200
Listing date Apr 13, 2026
MLS# B1670551
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.
HighLights
- Two‑family mixed‑use home with commercial potential; first floor used as an office and upper level as a 3‑bedroom, 2‑bath apartment.
- Upper unit features hardwood floors, a large living room with a gas fireplace, formal dining room, and a kitchen with stainless steel appliances and granite counters.
- Parking includes a 2‑car attached garage plus off‑street open parking.
- Outdoor features include a porch, patio, and a fully fenced (private fenced in) yard.
- Construction details include vinyl siding with copper plumbing; roof is asphalt.
- Built in 1915 with public water; heating options include electric forced air and natural gas.
Overview
This mixed-use two-family property combines a first-floor office with an upstairs, two-story 3-bedroom, 2-bath apartment. The first level is currently set up for office use, offering a practical layout for a small business, studio, or similar commercial operation. The upper unit features cherry wood floors throughout, a kitchen with stainless steel appliances, granite counters, and ample cabinetry, along with a large living room with a gas fireplace. Additional interior features include a formal dining room, a main bedroom with a walk-in closet, and a spa-like bathroom. A bonus feature of the apartment is an open porch, and the property also includes off-street parking, a 2-car attached garage, and a patio with a private fenced-in yard.
Located at 615 Elmwood Avenue in Buffalo’s 14222 area, the property is positioned along Elmwood Avenue and within close proximity to shops, cafes, restaurants, parks, and cultural attractions, supporting both residential and business visibility.
For tenants, buyers, or operators seeking an owner-occupied setup or a live/work configuration, the building’s split-use structure provides separate functionality for a commercial space on the first floor and a full apartment above. The included garage, patio, and fenced yard add day-to-day value for the residential component while maintaining dedicated parking for the property.
Located at 615 Elmwood Avenue in Buffalo’s 14222 area, the property is positioned along Elmwood Avenue and within close proximity to shops, cafes, restaurants, parks, and cultural attractions, supporting both residential and business visibility.
For tenants, buyers, or operators seeking an owner-occupied setup or a live/work configuration, the building’s split-use structure provides separate functionality for a commercial space on the first floor and a full apartment above. The included garage, patio, and fenced yard add day-to-day value for the residential component while maintaining dedicated parking for the property.
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 |
4,662 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$830.5K
$726.7K – $968.9K
NOI $58,133 @ 7.0% cap · market cap 7.50%
Second Best
Mixed Use
$719.3K
$629.4K – $839.2K
NOI $50,350 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.12M
$981.0K – $1.31M
NOI $78,478 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
State Farm: Dan ...
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.875064
- Latitude
- 42.914903
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-family property with a first-floor office and an upstairs 3-bedroom, 2-bath residence plus off-street parking.
Where is this mixed-use property located?
The property is located at 615 Elmwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑family mixed‑use home with commercial potential; first floor used as an office and upper level as a 3‑bedroom, 2‑bath apartment.; Upper unit features hardwood floors, a large living room with a gas fireplace, formal dining room, and a kitchen with stainless steel appliances and granite counters.; Parking includes a 2‑car attached garage plus off‑street open parking.
