507 Niagara St Buffalo, NY 14201
This exceptional two-story apartment building, located at 507 Niagara Street in Buffalo, NY, presents a compelling investment opportunity. Boasting 11,832 square feet on a 0.14-acre lot, this 1910 building underwent a complete renovation in 2023. The property currently enjoys 100% occupancy with sixteen fully renovated one- and two-bedroom units. Each apartment features high-end finishes including stainless steel appliances, granite countertops, and hardwood floors. Modern amenities such as in-unit laundry, air conditioning, heating, renovated fireplaces, kitchen islands, and high-speed internet access are included. Ample storage space is available in each unit. The building also offers three parking spaces. Its prime location in downtown Buffalo provides convenient access to numerous amenities, including the D'Youville Campus and grocery stores like Tops Friendly Markets. This property offers a rare chance to acquire a fully renovated, high-performing multifamily asset in a thriving urban setting. The building's strong occupancy rate and desirable features make it an attractive investment for both seasoned and new investors seeking a stable and appreciating asset in a vibrant city. The property's excellent condition and modern amenities ensure a strong rental income stream and potential for future appreciation. This is a turnkey opportunity to own a piece of Buffalo's revitalized downtown core.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.