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499 Fargo Ave 4 Unit Apartment Building $350,000 ($87,500/Unit) 10% Cap Rate Buffalo, NY 14213
Executive Summary
A rare West Side opportunity: two doubles on a single lot, delivering four income-producing units with a private driveway and shared yard. Whether you’re expanding an investment portfolio or looking to live in one unit while the other three cover your mortgage, this property checks every box. The front double is turn-key from the curb in — freshly painted, vinyl-sided front, with new boilers and updated hot water tanks. The back double is fully vinyl-sided as well, featuring newer furnaces and spacious layouts with two large bedrooms per unit. All four units have new vinyl windows throughout and equipped kitchens. Each unit reflects its age with character while remaining well maintained. Potential gross income of $4,800+/month — 10%+ cap rate. Location seals the deal. Minutes to downtown Buffalo, with easy access to Front Park, Centennial Park, and LaSalle Park along the Niagara River corridor. Walkable to West Side restaurants, shops, and amenities. Just minutes to the Peace Bridge and the Canadian border — a true gateway location. The West Side continues to see strong rental demand and steady owner-occupant interest. Equal Housing Opportunity
Property Facts
| Price | $350,000 | Property Subtype | Apartment |
| Price Per Unit | $87,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10% | Lot Size | 0.12 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,505 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1919 |
| Zoning | N-2R | ||
| Price | $350,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,505 SF |
| No. Stories | 2 |
| Year Built | 1919 |
| Zoning | N-2R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 140200-099-500-0007-031-000 | Improvements Assessment | $277,000 |
| Land Assessment | $29,000 | Total Assessment | $306,000 |
Property Taxes
Parcel Number
140200-099-500-0007-031-000
Land Assessment
$29,000
Improvements Assessment
$277,000
Total Assessment
$306,000
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499 Fargo Ave