Log In/Sign Up
Your email has been sent.
115 Claremont Ave 6 Unit Apartment Building $899,000 ($149,833/Unit) 7.48% Cap Rate Buffalo, NY 14222
Executive Summary
Located in the north end of Elmwood Village near Bidwell Parkway, this six-unit investment property includes a four-unit front building and a two-unit rear building. The unit mix consists of four 2-bedroom apartments and two 1-bedroom apartments. All apartments are in very good condition, with hardwood floors and original wood doors that support tenant appeal. Two parking spaces and storage add utility in a location where those features matter. A strong opportunity for investors seeking a well maintained multi building asset in one of Buffalo’s most established neighborhoods.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.48% | Building Size | 5,812 SF |
| Gross Rent Multiplier | 9.42 | Average Occupancy | 84% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Zoning | N-2R - Residential | ||
| Price | $899,000 |
| Price Per Unit | $149,833 |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| Gross Rent Multiplier | 9.42 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,812 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | N-2R - Residential |
Amenities
Site Amenities
- Storage Space
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 140200-089-690-0002-035-000 | Total Assessment | $451,300 |
| Land Assessment | $62,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $388,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
140200-089-690-0002-035-000
Land Assessment
$62,700
Improvements Assessment
$388,600
Total Assessment
$451,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
115 Claremont Ave