Four-Unit Quadplex with Detached
637 WEST AVE Buffalo, NY 14213
For Sale
$435,000
Three units in the main house plus a detached rear cottage, all recently remodeled for move-in-ready leasing.
Property Size3,590 SF
Price / SF$121.17
Days on Market106
Property Features for 637 WEST AVE
General Information
Standard status
Active
Size
3,590 SF
Property subtype
Multi-Family
Building Details
Year Built
1850
Listing Agency:
HUNT Real Estate Corporation
(716) 864-1924
Listed By:
Pieter Louw
(716) 864-1924
Source:
Xome
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 29 at 4:55AM
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 HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three units within the main house and a detached cottage in the rear. The property also includes an additional vacant lot to the left that offers potential for adding a driveway to create more off-street parking. The layout is designed to provide both privacy and flexibility for occupants.
Two units are currently occupied, and the remaining two units are vacant and described as move-in ready. Every unit has been meticulously remodeled, including fully redone plumbing throughout the entire property, most windows replaced, and a newer tear-off roof. The two vacant units have also undergone recent renovations with modern finishes and minimal deferred maintenance.
At full market rents, the property is projected to generate over $5,000 per month, with the vacant units positioned for immediate leasing or for an owner-occupant arrangement. Address: 637 West Ave, Buffalo, NY 14213.
Two units are currently occupied, and the remaining two units are vacant and described as move-in ready. Every unit has been meticulously remodeled, including fully redone plumbing throughout the entire property, most windows replaced, and a newer tear-off roof. The two vacant units have also undergone recent renovations with modern finishes and minimal deferred maintenance.
At full market rents, the property is projected to generate over $5,000 per month, with the vacant units positioned for immediate leasing or for an owner-occupant arrangement. Address: 637 West Ave, Buffalo, NY 14213.
Key Highlights
- Four‑unit property with three units in the main house plus a detached rear cottage
- All units recently remodeled, including fully redone plumbing throughout the entire property
- Most windows replaced and newer tear‑off roof
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 | $53.9k | $15.00 |
| − Vacancy | −$3.0k | −$0.83 |
| EGI | $50.9k | $14.17 |
| − OpEx | −$15.3k | −$4.25 |
| NOI | $35.6k | $9.92 |
3,590 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$508.9K
$445.3K – $593.7K
NOI $35,622 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$468.7K
$410.1K – $546.8K
NOI $32,810 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,433 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Three units in the main house plus a detached rear cottage, all recently remodeled for move-in-ready leasing.
Where is this quadplex located?
The property is located at 637 WEST AVE Buffalo, NY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four‑unit property with three units in the main house plus a detached rear cottage; All units recently remodeled, including fully redone plumbing throughout the entire property; Most windows replaced and newer tear‑off roof
