Rebuilt Multifamily Rooming
829 Fillmore Avenue, Buffalo, NY 14212
For Sale
$750,000
MultiFamily, Buffalo, NY
Property Size7,255 SF
Lot Size0.08 Acres
Price / SF$103.38
Days on Market108
Property Features for 829 Fillmore Avenue
General Information
Property type
Property subtype
Bedrooms
Rooms
Parking features
Exterior features
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
coin operated laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Taya Lockwood · License NY #10401363542
(716) 392-8968
Added: Jul 31
Changed: Oct 23
Last Checked: Nov 15 at 12:06AM
MLS# B1700679
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.
This multifamily rooming house contains 38 rooms, 5.5 bathrooms, and a separate one-bedroom apartment within 7,255 square feet. The building underwent a comprehensive renovation in 2018, including a reconfigured interior layout, rebuilt shingle roof, updated utility systems, newer electrical service and wiring, and a fire sprinkler system. Three natural-gas boilers serve the floors through multiple heating zones, while each floor has a dedicated subpanel and each room has its own circuit breaker.
The property includes a basement with coin-operated laundry, a garage, and a concrete driveway on a 0.0845-acre parcel. Its certificate of occupancy is current, and the rooming house license is in good standing. Management transfer is available. The property is presented with a 15% cap rate and a detailed income-and-expense statement available for review.
The property includes a basement with coin-operated laundry, a garage, and a concrete driveway on a 0.0845-acre parcel. Its certificate of occupancy is current, and the rooming house license is in good standing. Management transfer is available. The property is presented with a 15% cap rate and a detailed income-and-expense statement available for review.
Key Highlights
- 38 rooms, 5.5 bathrooms, and one 1‑bedroom apartment
- 7,255 square feet on a 0.0845‑acre parcel
- Comprehensive renovation completed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,306
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,120
$1.3M
Cap Rate 7%
$947,229
$947.2K
Cap Rate 9%
$736,733
$736.7K
Market Conditions
NOI Build-Up for 7,255 SF
Gross rent
$126.2K $17.40/SF
− Vacancy
−$5.7K −$0.78/SF
EGI
$120.6K $16.62/SF
− OpEx
−$54.3K −$7.48/SF
NOI
$66.3K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,120
Cap Rate 7%
$947,229
Cap Rate 9%
$736,733
Alternative Uses
Best Use
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,306 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,128 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 14212, NY
13,533
Population
5,935
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
2.1 sq mi
ZIP Area
6,444
Density / Sq Mi
$35,517
Median Household Income
$26,545
Median Earnings
$829
Median Rent
$89,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Buffalo, NY
Properties on Market for Multifamily properties in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Licensed rooming house with updated building systems, individual room electrical controls, and basement laundry facilities.
Where is this multifamily property located?
The property is located at 829 Fillmore Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 38 rooms, 5.5 bathrooms, and one 1‑bedroom apartment; 7,255 square feet on a 0.0845‑acre parcel; Comprehensive renovation completed in 2018
