CCertihomes
547 Potomac Avenue, Buffalo, NY 14222

$799,000

5 beds 0 baths 5,838 sqft Built 1890129 days on marketActive

About this home

Are you considering incorporating a long-term investment into your real estate portfolio? This recently updated apartment building located at 547 Potomac has distinguished character, charm, and a prime location just steps away from one of Buffalo's most sought-after walkable neighborhoods. The property has undergone significant enhancements in recent years, including renovated kitchens and bathrooms, a newer roof, driveway, multiple new windows, and more. Constructed in the late 1800s, the property features period moldings, separate electric meters, off-street parking, a full basement equipped with coin-operated laundry facilities, security cameras, and a mix of studio, one-bedroom, and two-bedroom apartments. Each apartment offers unique features that consistently attract interested applicants, ensuring minimal vacancies. Furthermore, each unit comes with a designated parking spot, providing added convenience. This promising investment opportunity is truly plug and play

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$7,225/mo

Real estate (PITI + HOA + PMI)
$5,893
Principal + interest$3,624
Property tax + insurance$1,969
PMI / 2nd mortgage$300
Utilities
$3,074
Heating + cooling$1,384
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$7,225/mo TLC
Budget$7,725/mo
Remaining after TLC$500/mo
Purchase price
$799,000
Down payment
$39,950 (5%)
Loan amount
$759,050
APR
4%

Quick facts

Type
Other
Style
Year built
1890
Lot size
0.183 ac
Stories
3
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$12,128
MLS #
B1587109
County
Erie

At a glance

Fireplace
Basement

Home features

Appliances
GasWaterHeaterRefrigerator
Exterior
BlacktopDriveway
Community
LaundryFacilitiesOtherSeeRemarks
Parking
OneSpaceNoGarage
Flooring
Carpet, Hardwood, Varies, Vinyl
Roof
Asphalt
Sewer
Connected

Lot features

NearPublicTransit, Rectangular, RectangularLot, ResidentialLot

Neighborhood — 14222

MetricThis ZIPCountyUSA
Population10,09319,351,094299,088,112
Population Change Since1990-11.00%8.00%20.00%
Population Density9,764395
Male5,0409,381,926147,432,321
Female5,0529,969,168151,655,844
Never Married4,5694,946,39163,775,926
Married2,5217,166,701123,120,365
Separated4191,159,67312,639,686
Widowed6051,110,24515,467,586
Divorced9911,210,44823,075,029
Number Of House Hold5,5827,102,016111,826,380
Average House Hold Size1.742.642.60
Medial Age36.3136.5335.46
Median House Hold Income$37,436$49,847$48,276
Average House Hold Income$58,687$70,032$63,629
P C I$33,176$26,569$24,529
M D I$32,912$42,210$41,133
A T H E$48,460$54,185$50,898
S T R8.75%4.00%
W C J85.96%81.55%77.74%
(Zip) Code
14222

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →

Listing information last refreshed 2/5/2025. Provided courtesy of Park Realty of WNY LLC via Buffalo MLS. Information deemed reliable but not guaranteed.