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    Elma, NY
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    Elma, NY Multifamily Properties for Sale

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    Lancaster, NY West Seneca, NY Marilla, NY East Aurora, NY Alden, NY Orchard Park, NY Aurora, NY Clarence, NY
    Mixed-Use Property with Office Suites
    Updated: Mar 30, 2025
    Mixed-Use Property with Office Suites

    2901 Bowen Road, Elma, NY 14059

    $699,000
    6,450 sqft 1.42 AC lot
    1.4225‑acre mixed‑use site zoned RA in Elma, NY
    Four office suites plus two 1‑bedroom, 1‑bath apartments
    Office suite sizes approx. 1,780 SF, 1,080 SF, 1,200 SF, and 400 SF; Suites 1 and 2 can be adjoined
    2 office suites occupied and 2 vacant
    Remodeled from top to bottom in 1985; continuously updated since
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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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    Mixed-Use Building with Office Suites
    Mixed-Use Building with Office Suites

    2901 Bowen Road, Elma, NY 14059

    $699,000

    Combined office and residential layout with tenant storage and paved on-site parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 4 Active listings in Elma, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Updated Duplex with Detached Garage
    Updated Duplex with Detached Garage

    372 Aurora Street, Lancaster, NY 14086

    $289,900
    1,852 sqft 0.25 AC lot

    Well-maintained duplex with a vacant, move-in-ready lower unit plus a renovated upper unit, central air, and a fenced backyard.

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

    5476 Broadway St, Lancaster, NY 14086

    Contact for pricing
    9,856 sqft

    Mixed-use corner property with retail storefronts and multiple apartments, supported by separate utilities and on-site parking.

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    Maintained Duplex With Garage
    Maintained Duplex With Garage

    99 S Prince Drive, Depew, NY 14043

    $389,900
    2,800 sqft 0.17 AC lot

    Two-unit property with separate residences, a garage, basement space, and a partially fenced yard.

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    Maintained Duplex with Oversized Garage
    Maintained Duplex with Oversized Garage

    7 Jeffrey Drive, Depew, NY 14043

    $349,900

    Legal two-unit property currently configured for single-family use with updated interiors and extensive outdoor improvements.

    View details

    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.

    View details

    Elma, NY Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Elma, NY, showcased through 4 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 $2,636,900.

    Sale prices for multifamily properties in Elma, NY start at $599,000, averaging $659,225, 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

    Duplexes 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 $646K

    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

    Retail

    Residential Income

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