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    Property profile & analytics

    571 Elmwood Ave Buffalo, NY 14222-1863

    • Investment properties
    • 4,194 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Feb 09, 2025
    $350,000
    Location Intelligence
    Property ID
    US63-3815868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 571 Elmwood Ave

    Year built
    1926
    Lot size
    0.09 lot acres
    Property size
    4,194 SF
    Zone code
    N-2C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    140200 100.38-5-53
    APU
    14020010038553

    Description

    This exceptional mixed-use investment opportunity presents a six-unit building situated at 571 Elmwood Avenue in Buffalo, New York, 14222. The property, built in 1925, boasts a total of 6,021 square feet of net rentable space, encompassing five residential apartments and one commercial unit. All units are currently vacant, providing immediate flexibility for the new owner. The building's electrical and fire safety systems have undergone recent upgrades, ensuring compliance and peace of mind. The residential apartments are characterized by their spacious layouts and high ceilings, offering attractive living spaces. The property is being sold as-is, and a Certificate of Occupancy will not be provided. This presents a unique chance to acquire a well-located multifamily property in the desirable Elmwood Village neighborhood of Buffalo, offering significant potential for rental income and future appreciation. The property's size and unit mix make it an ideal investment for both seasoned and aspiring real estate investors seeking a strong foothold in the Buffalo market. Further details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $285,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $285,000
      Mixed-Use
      $305,000
      Hospitality
      $260,000
      Educational
      $225,000
      Residential Income
      $245,000
      Energy
      $230,000
      Income-Based Land
      $260,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8767
    Latitude
    42.9126
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,783
    $37,000
    $306,000
    $343,000
    -
    $52,857
    $437,143
    $490,000

    Comparable in this City

    • Value Estimation by Request
      29,920 SF

      766 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 29,920 SF
      766 Elmwood Ave, Buffalo, NY 14222
      View Details
    • Value Estimation
      $385,000
      5,427 SF

      291 Bryant St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,427 SF
      291 Bryant St, Buffalo, NY 14222-1924
      View Details
    • Value Estimation
      $270,000
      3,240 SF

      302 Bryant St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,240 SF
      302 Bryant St, Buffalo, NY 14222-1942
      View Details
    • Value Estimation
      $1,195,000
      4,537 SF

      740 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,537 SF
      740 Elmwood Ave, Buffalo, NY 14222-2099
      View Details
    • Value Estimation
      $490,000
      6,449 SF

      746 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,449 SF
      746 Elmwood Ave, Buffalo, NY 14222-1639
      View Details
    • Value Estimation
      $295,000
      2,339 SF

      582 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,339 SF
      582 Elmwood Ave, Buffalo, NY 14222-1887
      View Details

    Similar Nearby for Sale

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      Renovated Apartment Building in Elmwood Village

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    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

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    • $15 SF/Yr
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      Prime Elmwood Ave Executive Office

      1,200 SF Office Suite Available Now
      423 Elmwood Ave, Buffalo, NY 14222
      View Details
    • $26 SF/Yr
      1,000 SF

      Elmwood Village Retail Space

      1000 SF Retail/Office, Prime Location
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    • $24 SF/Yr
      2,000 SF

      Renovated Retail Space in Elmwood

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    • $25 SF/Yr
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      Elmwood Village Retail Space Available

      8,500 SF retail space in walkable Elmwood Village.
      424 Elmwood Ave, Buffalo, NY 14222
      View Details
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    571 Elmwood Ave
    Buffalo, NY 14222-1863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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