Renovated Four-Unit
For Sale
$474,900
767 West Avenue, Buffalo, NY 14213
Four apartments feature updated kitchens, bathrooms, and contemporary interior finishes, with additional finished attic space.
Property Size3,938 SF
Days on Market136
Property Features for 767 West Avenue
General Information
Standard status
Active
Size
3,938 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,710
Building Details
Building Size
3,938 SF
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Dalton Reynolds · License #10401342408
(716) 352-8679
Source:
Highfallssir
Added: Jun 1
Changed: Oct 4
Last Checked: Oct 13 at 1:56AM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This 3,938-square-foot quadplex, built in 1900, contains four apartments with updated kitchens, renovated bathrooms, and modern interior finishes. A finished attic adds usable space to the property’s existing residential configuration.
The building is located at 767 West Ave in Buffalo’s West Side and offers access to nearby amenities and public transportation. The renovated condition and four-unit layout provide a clearly defined multifamily format for residential rental use.
The building is located at 767 West Ave in Buffalo’s West Side and offers access to nearby amenities and public transportation. The renovated condition and four-unit layout provide a clearly defined multifamily format for residential rental use.
Key Highlights
- Four‑apartment quadplex configuration
- 3,938 square feet
- Renovated interiors with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,075
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,500
$781.5K
Cap Rate 7%
$558,214
$558.2K
Cap Rate 9%
$434,167
$434.2K
Market Conditions
NOI Build-Up for 3,938 SF
Gross rent
$59.1K $15.00/SF
− Vacancy
−$3.2K −$0.83/SF
EGI
$55.8K $14.17/SF
− OpEx
−$16.7K −$4.25/SF
NOI
$39.1K $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%
$781,500
Cap Rate 7%
$558,214
Cap Rate 9%
$434,167
Alternative Uses
Best Use
Multifamily LT 5
$558.2K
$488.4K – $651.3K
NOI $39,075 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$514.2K
$449.9K – $599.9K
NOI $35,991 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$947.0K
$828.6K – $1.10M
NOI $66,291 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature updated kitchens, bathrooms, and contemporary interior finishes, with additional finished attic space.
Where is this quadplex located?
The property is located at 767 West Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Four‑apartment quadplex configuration; 3,938 square feet; Renovated interiors with modern finishes
