Active
1146 East Lovejoy Street, Buffalo NY 14206
MLS# B1601568
$665,000
Price
-
Beds
-
Baths
12,212
Living Area (Sq.Ft.)
0.224
Lot Area (Acres)
$665,000
Price
-
Beds
-
Baths
12,212
Living Area (Sq.Ft.)
0.224
Lot Area (Acres)
Exceptional 9-unit investment opportunity in Buffalo's desirable Kaisertown neighborhood! This 12,212 sq ft building features 2 three-bedroom and 7 two-bedroom apartments with minimal common areas, maximizing rental space. Current occupancy of 7 units with stable tenants who are current on leases and want to stay. Strong financials show $104,340 potential gross income, $66,124.55 NOI, delivering an impressive 9.94% cap rate at $700,000 asking price. After debt service, projected annual cash flow of approximately $22,000 with room for rent increases. Premium tenant amenities include separate gas/electric utilities, private entrances, in-unit laundry hookups, and off-street parking. Kaisertown offers the perfect blend of affordability and accessibility with excellent highway access via I-190 and I-90 for convenient commuting throughout Western NY and beyond. This close-knit, family-friendly neighborhood features walkable Clinton Street with local businesses, restaurants, and essential services. Outstanding location amenities include Lovejoy Pool across the street, adjacent laundromat, Carbone's Pizza less than a block away, walking distance to PS 43 school, nearby Buffalo Olde Brewery, and La Verdad Cafe. The Buffalo River provides recreational opportunities while Houghton Park and Seneca Bluffs offer additional outdoor activities. Positioned near emerging job centers like Larkinville and Riverbend Project, Kaisertown represents an "opportunity neighborhood" with strong potential for appreciation and rental growth. This turnkey investment combines immediate cash flow with long-term upside in Buffalo's evolving market.
Status
Active
Property Type
CommercialSale
Property Sub Type
--
Year Built
1900
Parcel Number
140200-112-420-0004-032-000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Lot Size Dimensions
74X132
Stories
3
Property Condition
Resale
Elementary School District
Buffalo
Middle Or Junior School District
Buffalo
High School District
Buffalo
Location
Listing Agent
Nicholas Giambra
Listing Office
Iconic Real Estate
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Survey
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-04-23
Fire Places Total
0
Cooling Features
Other,SeeRemarks
Heating Features
Other, See Remarks
Garage
--
Garage Spaces
--
Water Source
Public
Sewer
PublicSewer
Roof
Flat, Membrane, Rubber
Utilities
Sewer Connected, Water Connected
Parking Total
4
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.