8-Unit Brick and Vinyl
For Sale
$960,000
703-709 Saint Lawrence Avenue, Buffalo, NY 14216
MultiFamily, Buffalo, NY
Property Size4,896 SF
Lot Size0.19 Acres
Price / SF$196.08
Days on Market10
Property Features for 703-709 Saint Lawrence Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Rooms
Bedroom 7, Bedroom 12, Bedroom 14, Bedroom 13, Bedroom 15, Bedroom 10, Bedroom 1, Bedroom 8, Basement, Bedroom 4, Bedroom 16, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 9, Bedroom 11
Parking features
Garage, Driveway
Exterior features
BlacktopDriveway, ConcreteDriveway
Appliances
GasOven, GasRange, GasWaterHeater, Refrigerator
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-078-440-0006-001-000
Size
4,896 SF
Lot size
0.19 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Annual Amount
13218
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
washer/dryer hookups
additional storage
Building Details
Year built
1970
Floors in Building
2
Number of units
8
Flooring type
Tile, Hardwood, Varies, Carpet, Laminate
Building materials
Brick, Frame, VinylSiding
Roof type
Asphalt
Buildings
2
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 5:06AM
MLS# B1725686
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.
At 703–709 St. Lawrence Avenue, two side-by-side quadplexes contain eight rental apartments across 4,896 square feet. Each apartment has two bedrooms, one full bathroom, a living room, and an eat-in kitchen. The buildings were constructed in 1970 and feature brick and vinyl siding, replacement windows, and full basements.
A shared driveway serves a rear parking area with approximately 10 spaces. Each apartment has separate gas and electric service, a forced-air furnace, and an individual hot water tank. Basement amenities include washer and dryer hookups for each tenant, storage space, and sump pumps. The properties are deeded separately, and the site encompasses 0.1875 acres.
A shared driveway serves a rear parking area with approximately 10 spaces. Each apartment has separate gas and electric service, a forced-air furnace, and an individual hot water tank. Basement amenities include washer and dryer hookups for each tenant, storage space, and sump pumps. The properties are deeded separately, and the site encompasses 0.1875 acres.
Key Highlights
- Two adjoining four‑unit rental buildings, with eight apartments total
- 4,896 square feet on a 0.1875‑acre site
- Each apartment offers two bedrooms, one full bathroom, a living room, and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,581
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,620
$971.6K
Cap Rate 7%
$694,014
$694.0K
Cap Rate 9%
$539,789
$539.8K
Market Conditions
NOI Build-Up for 4,896 SF
Gross rent
$73.4K $15.00/SF
− Vacancy
−$4.0K −$0.83/SF
EGI
$69.4K $14.17/SF
− OpEx
−$20.8K −$4.25/SF
NOI
$48.6K $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%
$971,620
Cap Rate 7%
$694,014
Cap Rate 9%
$539,789
Alternative Uses
Best Use
Multifamily LT 5
$694.0K
$607.3K – $809.7K
NOI $48,581 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$639.2K
$559.3K – $745.8K
NOI $44,746 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,417 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
620
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two adjoining rental buildings provide separate utility service and shared rear parking.
Where is this quadplex located?
The property is located at 703-709 Saint Lawrence Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Two adjoining four‑unit rental buildings, with eight apartments total; 4,896 square feet on a 0.1875‑acre site; Each apartment offers two bedrooms, one full bathroom, a living room, and an eat‑in kitchen
