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    Elma, NY
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    Elma, NY Multifamily Properties for Sale

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    West Seneca, NY Lancaster, NY East Aurora, NY
    Mixed-Use Office and Apartments
    Updated: Mar 30, 2025
    Mixed-Use Office and Apartments

    2901 Bowen Road, Elma, NY 14059

    $699,000
    6,450 sqft · 1.42 AC lot
    Multi‑use building with 4 office suites and 2 residential apartments
    Office suite sizes include approx. 1,780 SF, 1,080 SF, 1,200 SF, and 400 SF; Suites 1 and 2 can be adjoined
    2 offices currently occupied and 2 offices vacant; offices described as in ready‑to‑go condition
    Residential apartments: 2 large 1‑bedroom/1‑bath units with large kitchens and living rooms, in‑unit laundry, and second‑floor loft overlook
    Remodeled from top to bottom in 1985, with continuous updates; features a full dry basement with 8‑ft ceiling height and tenant storage areas
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    This listing looks promising.

    Here's a quick look at some key insights for

    2901 Bowen Road, Elma, NY 14059

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $61K
      Annual

    • Price @ 7% Cap

      $866K
      Above asking

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1978
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    Quadplex with Two Detached Garage Units
    Updated: Jun 19
    Quadplex with Two Detached Garage Units

    5930 Clinton St, Elma, NY 14059

    $599,000
    5.00 AC lot
    Two houses plus two garage apartments on a 5‑acre parcel
    Separate septic systems (two total) that have been maintained regularly
    Front two houses have gas forced‑air heat and laundry
    Two garage apartments are all‑electric (no laundry)
    Detached garage provides additional storage income
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    Updated Triplex with Leased Pole Barn
    Updated Triplex with Leased Pole Barn

    7041 Clinton St 1, Elma, NY 14059

    $639,900

    For sale triplex with three rented apartments and an additional leased 60' x 60' pole barn.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Elma, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Mixed-Use Retail and Apartments
    Corner Mixed-Use Retail and Apartments

    5476 Broadway Street, Lancaster, NY 14086

    $649,000
    9,856 sqft · 0.22 AC lot

    Two-building corner property with storefront retail space, apartments, and separate utilities with month-to-month tenancy.

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    Lancaster Duplex: Turnkey Investment Gem
    Lancaster Duplex: Turnkey Investment Gem

    372 Aurora Street, Lancaster, NY 14086

    $289,900
    1,852 sqft · 0.25 AC lot

    Well-maintained Lancaster duplex, ideal for investment or owner-occupancy.

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    Well-Maintained Multi-Family Property in Depew
    Well-Maintained Multi-Family Property in Depew

    99 S Prince Drive, Depew, NY 14043

    $389,900
    2,800 sqft · 0.17 AC lot

    Impeccably maintained multi-family property with tenant-occupied upper unit.

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    Depew Duplex Investment Opportunity
    Depew Duplex Investment Opportunity

    7 CLOYES AVE, Depew, NY 14043

    $210,000
    1,588 sqft

    Well-maintained duplex with strong rental income on a large lot.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Buildable Lot Near Niagara Falls
    Buildable Lot Near Niagara Falls

    1931 Falls Street, Niagara Falls, NY 14303

    Contact for pricing
    0.08 AC lot

    Vacant land suitable for development near attractions.

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    Caneadea Acre Building Lot
    Caneadea Acre Building Lot

    8708 Oramel Hill Rd, Caneadea, NY 14717

    $31,900
    1.00 AC lot

    One acre lot with utilities, ready for recreation.

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    Cleared Land with Development Potential
    Cleared Land with Development Potential

    Fredonia, NY 14063

    $125,900
    22.00 AC lot

    22-acre cleared land near Lake Erie with utilities.

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    Residential Lot in Westfield, PA
    Residential Lot in Westfield, PA

    110 Mill Street, Westfield, PA 16950

    Contact for pricing
    0.17 AC lot

    Affordable .171 acre lot ready for a mobile home.

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    Elma, NY Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Elma, NY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,450 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for multifamily properties in Elma, NY start at $699,000, averaging $699,000, and reaching up to $699,000 — 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

    Apartment buildings 1
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 9,413
    Population Growth (5Y) -7.2%
    Median Household Income $101,698
    College Educated 59.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    14059 $679.3K

    Taxes & Financing

    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

    Residential Income

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