Blasdell 5-Unit Residential
93 Martin Avenue Buffalo, NY 14219
For Sale
$339,900
COMMERCIAL - Buffalo, NY
Property Size2,458 SF
Lot Size0.13 Acres
Price / SF$138.28
Days on Market275
Property Features for 93 Martin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 2, Bedroom 5, Basement, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Garage
Interior features
CeilingFans, NaturalWoodwork
Exterior features
ConcreteDriveway, Fence
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Active
APN
144801-151-610-0001-005-000
Size
2,458 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
6555
Utilities
Heating system
Baseboard, Radiant, Natural Gas
Water source
Public
Building Details
Year built
1934
Floors in Building
2
Number of units
5
Flooring type
Vinyl, Varies, Carpet
Building materials
AluminumSiding, Frame, CopperPlumbing
Roof type
Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 646-6400
Listed By:
Michael P Kearns · License #10301215173
(716) 348-2058
Added: Oct 28, 2025
Changed: Jul 28
Last Checked: Jul 29 at 11:06PM
MLS# B1647559
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.
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 and three 1-bedroom units. A rear cottage includes 1 bedroom, a living room, a kitchen, and a full bath. Various updates have been made to each unit over the years. The property provides ample off-street parking with a large driveway and a lockable exterior storage shed. This property, situated on a 0.132-acre lot, offers 2458 square feet of space and presents an opportunity for income generation or owner-occupancy.
Key Highlights
- Well‑maintained 5‑unit residential property built in 1934 in Blasdell
- Main building includes a 3‑bedroom apartment plus three 1‑bedroom units
- Rear cottage offers 1 bedroom, living room, kitchen, and a full bath
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 | $42.8k | $17.40 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $40.8k | $16.62 |
| − OpEx | −$18.4k | −$7.48 |
| NOI | $22.5k | $9.14 |
2,458 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 5-unit residential property in the heart of Blasdell.
Where is this apartment building located?
The property is located at 93 Martin Avenue 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 built in 1934 in Blasdell; Main building includes a 3‑bedroom apartment plus three 1‑bedroom units; Rear cottage offers 1 bedroom, living room, kitchen, and a full bath
