5-Unit Apartment
For Sale
$339,900
93 Martin Avenue, Buffalo, NY 14219
MultiFamily, Buffalo, NY
Property Size2,458 SF
Lot Size0.13 Acres
Price / SF$138.28
Days on Market366
Property Features for 93 Martin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Rooms
Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 2, Basement
Parking features
Garage
Interior features
CeilingFans, NaturalWoodwork
Exterior features
ConcreteDriveway, Fence
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Blasdell Elementary
Middle school
Frontier Middle
High school
Frontier Senior High
Elementary school district
Frontier
Middle school district
Frontier
High school district
Frontier
Directions
Milestrip or Lake to Martin
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
Radiant, Natural Gas, Baseboard
Water source
Public
Amenities
covered front porch
off-street parking
lockable exterior storage shed
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: Oct 28
Last Checked: Oct 28 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,458-square-foot residential property contains five apartments across a main building and a rear cottage. The main building has one three-bedroom apartment and three one-bedroom apartments; the cottage adds a one-bedroom layout with a living room, kitchen, and full bath. A covered front porch, natural woodwork, and ceiling fans are among the interior and exterior features. Unit updates have been completed at different times over the years.
The 0.132-acre parcel includes a large concrete driveway for off-street parking and a lockable exterior storage shed. The property also has a garage and fenced exterior space.
The 0.132-acre parcel includes a large concrete driveway for off-street parking and a lockable exterior storage shed. The property also has a garage and fenced exterior space.
Key Highlights
- Five apartments across a main building and a rear cottage
- 2,458 square feet on a 0.132‑acre parcel
- Main building has one three‑bedroom and three one‑bedroom apartments
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A separate rear cottage complements the main residence, with off-street parking and exterior storage on site.
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: Five apartments across a main building and a rear cottage; 2,458 square feet on a 0.132‑acre parcel; Main building has one three‑bedroom and three one‑bedroom apartments
