Rebuilt Rooming House
829 Fillmore Avenue Buffalo, NY 14212
For Sale
$975,000
Completely rebuilt rooming house with 38 rooms, renovated in 2018, plus coin-operated laundry in the basement.
Property Size7,255 SF
Price / SF$134.39
Days on Market162
Property Features for 829 Fillmore Avenue
General Information
- Standard status
- Active
- Size
- 7,255 SF
- Property subtype
- Multi Family / Rooming House
Building Details
- Year Built
- 1900
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Taya Lockwood · License #10401363542
(716) 849-1234
Source:
Compass
Added: Feb 11
Changed: Jul 20
Last Checked: Jul 21 at 6:26AM
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 Gurney Becker & Bourne
Investment Insights
Based on property information with market context.
829 Fillmore is a completely rebuilt rooming house offering 38 rooms and 5.5 bathrooms, along with one 1-bedroom apartment. The building was fully renovated in 2018, including a completely rebuilt roof, redesigned floorplan, newer utility systems, and installation of a sprinkler system (fire suppression). The property is supported by three newer boilers, with one boiler for each floor and multiple zones, and the electrical service, panels, and wiring have been updated throughout. Each floor has its own subpanel, and each room has its own circuit breaker.
The certificate of occupancy is current, and the rooming house licensure is in good standing. Coin-operated laundry is available in the basement, and management can be transferred. A detailed income and expense sheet is available for review.
The certificate of occupancy is current, and the rooming house licensure is in good standing. Coin-operated laundry is available in the basement, and management can be transferred. A detailed income and expense sheet is available for review.
Key Highlights
- Completely rebuilt rooming house with 38 rooms, 5.5 bathrooms, and 1 bedroom apartment
- Renovated in 2018 with a completely rebuilt roof, redesigned floorplan, and newer utility systems
- Fire suppression (sprinkler) system and full basement; coin‑operated laundry in the basement
Financial Insights For Apartment 5plus
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 | $126.2k | $17.40 |
| − Vacancy | −$5.7k | −$0.78 |
| EGI | $120.6k | $16.62 |
| − OpEx | −$54.3k | −$7.48 |
| NOI | $66.3k | $9.14 |
7,255 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,306 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,128 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Buffalo Amazon 5
Industrial Manufacturer
FAQs
What type of property is this?
Apartment building - Completely rebuilt rooming house with 38 rooms, renovated in 2018, plus coin-operated laundry in the basement.
Where is this apartment building located?
The property is located at 829 Fillmore Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Completely rebuilt rooming house with 38 rooms, 5.5 bathrooms, and 1 bedroom apartment; Renovated in 2018 with a completely rebuilt roof, redesigned floorplan, and newer utility systems; Fire suppression (sprinkler) system and full basement; coin‑operated laundry in the basement
