$665,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $6,120
- Utilities
- $5,952
- Transportation
- $0
- Other (entertainment)
- $140
Quick facts
Home features
Lot features
Rectangular, RectangularLot
Neighborhood — 14206
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 22,902 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -14.00% | 8.00% | 20.00% |
| Population Density | 4,713 | 395 | — |
| Male | 10,848 | 9,381,926 | 147,432,321 |
| Female | 12,054 | 9,969,168 | 151,655,844 |
| Never Married | 6,369 | 4,946,391 | 63,775,926 |
| Married | 7,505 | 7,166,701 | 123,120,365 |
| Separated | 857 | 1,159,673 | 12,639,686 |
| Widowed | 2,294 | 1,110,245 | 15,467,586 |
| Divorced | 1,895 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 10,265 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.23 | 2.64 | 2.60 |
| Medial Age | 39.47 | 36.53 | 35.46 |
| Median House Hold Income | $29,809 | $49,847 | $48,276 |
| Average House Hold Income | $36,589 | $70,032 | $63,629 |
| P C I | $16,489 | $26,569 | $24,529 |
| M D I | $26,747 | $42,210 | $41,133 |
| A T H E | $35,827 | $54,185 | $50,898 |
| S T R | 8.75% | 4.00% | — |
| W C J | 72.43% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 4/23/2025. Provided courtesy of Iconic Real Estate via Buffalo MLS. Information deemed reliable but not guaranteed.