Listed by Chubb Aubrey Leonard Real Estate
$1,690,000
65-69 ASHLAND AVE BUFFALO NY 14222
Details
APN 140200 100.53-3-2
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 9,043
Units 22
Cap Rate 7.53%
NOI $127,283
Occupancy 100%
Price per SqFt $187
Year Built 1920
Year Renovated 2020, 2024, 2025
Buildings 2
Stories 2
Lot Size (SqFt) 7,425
Parking Spaces 8 spaces
Parking per 1,000 SqFt 0.88
22 Units -Fully rented, Great Rental Area
Marketing description
65 & 69 Ashland Ave comprise two adjacent multifamily buildings with a total of 22 residential units—10 studios and 12 one-bedrooms. Located in a proven rental market with strong, consistent demand and full access to Elmwood's vibrant amenities, these properties immerse you in Buffalo's best. The site features a detached garage plus ample off-street parking in the rear. All utilities are included in rents. This turnkey, cash-flowing asset offers scale efficiency and substantial value-add upside through market-rate rent alignment and ongoing growth. Units boast modern updates, including appliances, and they rent effortlessly thanks to prime location and versatile sizing.
Investment highlights
- 2 Buildings
- Off Street Parking
- 22 Units
- Appliances included
- Easy to manage
- Updated
Listing Contacts
Listed by Chubb Aubrey Leonard Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,283.00
$10,606.92/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
Map
Zoning
N-2R ResidentialMulti FamilyResidential Neighborhood Zone
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View all 138 uses
View all 138 uses Last updated May 7, 2026 For deeper zoning details, reports are available at Zoneomics
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