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    Buffalo, NY Multifamily Properties for Sale

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    Historic 5-Unit Apartment Building
    Updated: Jul 27
    Historic 5-Unit Apartment Building

    46 Norwood Avenue, Buffalo, NY 14222

    $799,000
    7,685 sqft
    5‑unit apartment property with 7,685 square feet of building area
    Unit mix includes two 2‑bedroom, 2‑bath apartments, one 1‑bedroom, one studio, and one 2‑bedroom, 1‑bath apartment
    Two‑story foyer with mosaic tile floor, grand staircase, ornate banister, and leaded glass bay window
    Tear‑off roof and gutters, two newer Dunkirk boilers, and updated 200‑amp electric service completed in 2020
    Parking for 6+ cars, storage areas, sump pump, and manicured gardens
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    This listing looks promising.

    Here's a quick look at some key insights for

    46 Norwood Avenue, Buffalo, NY 14222

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $70K
      Annual

    • Price @ 7% Cap

      $1M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1870
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    Mixed-Use Property with Office Space
    Updated: Aug 6
    Mixed-Use Property with Office Space

    461 Linwood Avenue, Buffalo, NY 14209

    $799,900
    4,594 sqft 0.21 AC lot
    Three‑level mixed‑use building with first‑floor professional office space and two fully leased residential units
    First‑floor office includes reception, conference room, private work areas, two bathrooms, kitchen area, and central air conditioning
    Second‑floor apartment has two bedrooms, two full bathrooms, family room fireplace, and independent laundry hookups
    Third‑floor flat offers two bedrooms, eat‑in kitchen, independent laundry hookups, and private rear porch
    Modernized electrical systems, backup generator, partially finished basement, and roof replaced in 2015
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    All-Brick Triplex with Owner’s Unit
    All-Brick Triplex with Owner’s Unit

    720 Columbus Parkway, Buffalo, NY 14213

    $599,900
    4,655 sqft 0.18 AC lot

    Three-unit property with a spacious owner’s residence, two rear apartments, and original architectural details.

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    Historic Five-Unit Apartment Building
    Historic Five-Unit Apartment Building

    46 Norwood Avenue, Buffalo, NY 14222

    $759,000
    7,685 sqft 0.22 AC lot

    Original architectural character combines with updated kitchens, building systems, and multiple outdoor features.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Property with Development Plans
    Mixed-Use Property with Development Plans

    505 Delaware Ave, Buffalo, NY 14202

    $1,500,000
    19,052 sqft 0.52 AC lot

    Combined office and residential development offering with approved plans and established medical, retail, and dining surroundings.

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    Queen Anne-Style Quadplex
    Queen Anne-Style Quadplex

    182 Lancaster Avenue, Buffalo, NY 14222

    $599,000
    4,549 sqft 0.11 AC lot

    Four apartments include a new first-floor kitchen, shared basement laundry, and off-street parking for every tenant.

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    Historic 5-Unit Apartment Building
    Historic 5-Unit Apartment Building

    46 Norwood Avenue, Buffalo, NY 14222

    $759,000
    7,685 sqft 0.22 AC lot

    Historic Buffalo residence converted to five apartments with parking, storage, and updated major systems.

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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    180 Richmond Avenue, Buffalo, NY 14222

    $599,000
    5,186 sqft 0.15 AC lot

    Fully rented property offers varied apartment layouts, private patios, garage parking, and shared basement laundry.

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    Brick Quadplex with Courtyard
    Brick Quadplex with Courtyard

    399 South Elmwood Avenue, Buffalo, NY 14201

    $529,900
    6,400 sqft

    Side-by-side 4-unit brick quadplex with a European-style courtyard for outdoor recreation.

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    Historic Brick Duplex
    Historic Brick Duplex

    467 Virginia St, Buffalo, NY 14202

    $545,000
    6,723 sqft 0.09 AC lot

    Two-residence configuration with preserved architectural detailing and flexibility for residential or professional use.

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    Fully Occupied Quadplex
    Fully Occupied Quadplex

    368 Bryant Street, Buffalo, NY 14222

    $624,900
    5,014 sqft 0.10 AC lot

    Four rented apartments provide a varied bedroom and bathroom mix in a wood-sided residential building.

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    1900s Multifamily Building with Laundry
    1900s Multifamily Building with Laundry

    25 Mariner Street, Buffalo, NY 14201

    $1,050,000
    6,000 sqft

    Six 1-bedroom units in a 3-story multifamily building with on-site laundry, on-street parking, zoned N-2R.

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    Brick Apartment Buildings with Gated Entry
    Brick Apartment Buildings with Gated Entry

    118 Cottage Street, Buffalo, NY 14201

    $3,300,000
    23,575 sqft 0.59 AC lot

    Historic-district apartment portfolio with gated access, varied floor plans, and off-street parking.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    219 Woodward Avenue, Buffalo, NY 14214

    $539,000
    2,950 sqft 0.13 AC lot

    Two vacant residences combine refreshed interiors, private laundry hookups, central air, and dedicated parking.

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    Historic Brewery with Apartments
    Historic Brewery with Apartments

    662 Fillmore Ave, Buffalo, NY 14212

    $699,900
    39,710 sqft

    Operating brewery property with a planned residential component and first-floor leaseback structure.

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    Corner-Lot Triplex
    Corner-Lot Triplex

    319 Bryant Street, Buffalo, NY 14222

    $535,000
    2,649 sqft 0.06 AC lot

    Three apartments offer varied bedroom layouts, updated lower units, and residential income property configuration.

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    21-Unit Apartment Building
    21-Unit Apartment Building

    68 Days Park, Buffalo, NY 14201

    $3,500,000
    35,323 sqft 0.52 AC lot

    Historic-district multifamily property near the Buffalo Niagara Medical Campus with gated parking and varied apartment layouts.

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    Three-Story Apartment Building
    Three-Story Apartment Building

    228 Brinkman Avenue, Buffalo, NY 14211

    $475,000
    8,600 sqft

    All-brick residential property with 15 rooms, multiple common areas, and substantial infrastructure upgrades.

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    Three-Story Multifamily Property
    Three-Story Multifamily Property

    228 Brinkman Avenue, Buffalo, NY 14211

    $475,000
    8,632 sqft 0.17 AC lot

    Brick residential building with upgraded systems, multiple rooms, shared spaces, and on-site off-street parking.

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    1920s Duplex with Detached Garage
    1920s Duplex with Detached Garage

    206 N Park Ave, Buffalo, NY 14216

    $399,900
    2,428 sqft 0.20 AC lot

    Two residential units offer three-bedroom and two-bedroom layouts with driveway parking and full-attic storage.

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    Three-Story Apartment Building
    Three-Story Apartment Building

    333 Elmwood Avenue, Buffalo, NY 14222

    $250,000
    9,684 sqft 0.23 AC lot

    Brick income property with a mix of private and shared bathroom facilities.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    87 Dorrance Ave, Lackawanna, NY 14218

    $199,900
    1,880 sqft

    Two-family configuration on a corner parcel with separate living areas and flexible occupancy options.

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    Four-Unit Brick Quadplex
    Four-Unit Brick Quadplex

    56 Eiss Place, Buffalo, NY 14226

    $399,900
    4,158 sqft 0.17 AC lot

    Full basement provides private storage and laundry hookups for each apartment.

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    8-Unit Apartment Buildings
    8-Unit Apartment Buildings

    227 14th Street, Buffalo, NY 14213

    $999,900
    10,467 sqft 0.18 AC lot

    Two structures contain updated kitchens, bathrooms, flooring, and finishes, with all apartments occupied and public water service.

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    Buffalo, NY Multifamily Properties Market Trends and Statistics

    Explore 607 multifamily properties for sale in Buffalo, NY, showcased through 607 active listings on our real estate platform. These investment opportunities span a total of 1,598,507 square feet of properties for sale, with an estimated market value of $169,997,157.

    Sale prices for multifamily properties in Buffalo, NY start at $40,000, averaging $293,098, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 472
    Apartment buildings 79
    Triplexes 42
    Quadplexes 34
    Short term rental properties 6

    Demographics Overview

    Population 586K
    Population Growth (5Y) +6.8%
    Median Household Income $63,542
    College Educated 37.6%

    High-Yield Neighborhoods for Investment

    Identify Buffalo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    14206 $172K
    14211 $173K
    14215 $185.5K
    14203 $199.9K
    14208 $213.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.47%
    Property Tax per SF $30.36 per SF
    Tax Rate vs County Average 1.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Erie County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Erie County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Buffalo fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Buffalo, NY

    • 14215
    • 14207
    • 14213
    • 14211
    • 14216
    • 14206
    • 14208
    • 14218
    • 14220
    • 14222
    • 14210
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