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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

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
  • Multifamily Apartments
Apartment Style Low-Rise
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 Residential

Amenities

Site Amenities

  • Storage Space
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
  • Listing ID: 40133346

  • Date on Market: 4/13/2026

  • Last Updated:

  • Address: 115 Claremont Ave, Buffalo, NY 14222

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