Blasdell 5-Unit Residential
For Sale
$339,900
93 Martin Ave, Buffalo, NY 14219
Well-maintained 5-unit property in Blasdell, great for investors.
Property Size2,458 SF
Price / SF$138.28
Days on Market160
Property Features for 93 Martin Ave
General Information
Standard status
Active
Size
2,458 SF
Property subtype
Multi-Family
Building Details
Year Built
1934
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Michael P Kearns · License #10301215173
(716) 348-2058
Source:
Skinnercnyrealty
Added: May 14
Changed: Oct 10
Last Checked: Oct 7 at 4:54PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
This well-maintained 5-unit residential property is located in Blasdell. The main building features a spacious 3-bedroom apartment with a covered front porch, along with three 1-bedroom apartments. A rear cottage includes 1 bedroom, a living room, a kitchen, and a full bath. The property has seen various updates over the years. It offers ample off-street parking with a large driveway and a lockable exterior storage shed. The property size is 2458 square feet. This property presents an opportunity for income generation or owner-occupancy.
Key Highlights
- Well‑maintained 5‑unit residential property.
- Spacious 3‑bedroom apartment in the main building.
- Includes a separate 1‑bedroom rear cottage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,465
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,300
$449.3K
Cap Rate 7%
$320,929
$320.9K
Cap Rate 9%
$249,611
$249.6K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$42.8K $17.40/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$40.8K $16.62/SF
− OpEx
−$18.4K −$7.48/SF
NOI
$22.5K $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%
$449,300
Cap Rate 7%
$320,929
Cap Rate 9%
$249,611
Alternative Uses
Best Use
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,465 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,377 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
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Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
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?
Apartment building - Well-maintained 5-unit property in Blasdell, great for investors.
Where is this apartment building located?
The property is located at 93 Martin Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Well‑maintained 5‑unit residential property.; Spacious 3‑bedroom apartment in the main building.; Includes a separate 1‑bedroom rear cottage.
