272 Colvin Ave, Buffalo, NY 14216 | Multifamily Income Property
272 Colvin Ave, Buffalo, NY 14216.png)
Opportunity
The property is priced at $1,750,000 with a 6.16% cap rate, generating an NOI of $107,842. This cap rate is above the national average for multifamily assets, indicating a higher yield relative to risk. The price per unit of $145,833 is competitive for the Buffalo market, offering an accessible entry point for investors.
Opportunity
Located in Buffalo, NY (ZIP 14216), the property benefits from MF zoning, ensuring compliance for multifamily use. Buffalo’s ongoing economic revitalization, driven by affordable living demand and infrastructure investments, supports steady rental demand.
Opportunity
Built in 1940 with no recorded renovations, this Class C mid-rise presents clear value-add potential. Upgrades to units, common areas, or energy-efficient systems could justify rent increases, boosting NOI and property value.
Strength
Rent includes water, garbage, hot water, heat, and internet, which simplifies tenant management and reduces variable cost fluctuations. This structure can lead to higher tenant retention and lower turnover costs, stabilizing the NOI.
Strength
The property’s key features include a stable tenant base, likely due to utility inclusions and affordable pricing. This reduces vacancy risk and supports consistent cash flow. As a 12-unit building, it offers scalability for hands-on investors while being manageable with professional property management.
Buffalo, NY Multifamily Property Overview
- Multifamily Building located in Buffalo, NY
- Built in 1940
- Strong cap rate of 6.16%
- 8,640 SF of rentable area
Property Details
| Year Built | 1940 | Building Type | Multifamily |
| Total Size | 8,640 SF | Zoning | MF |
| Parking Spaces | N/A | Property Tax Rate | 2.22% |
| Cap Rate | 6.16% | Annual NOI | $107,842 |
| Price | $1,750,000 | Price/SF | $202.55 |
| Location | Buffalo, NY | County | Erie |
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Compare direct ownership against passive CRE platform exposure.
The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.
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Model your investment returns and cash flow projections
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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.
Direct ownership vs. passive CRE platform exposure
Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.
- Concentrated exposure to one property and market
- Debt service, refinancing, and rate sensitivity
- Active leasing, vendor, and asset oversight
- Vacancy, capex, and maintenance obligations
- Illiquid exit process with timing risk
- Transaction costs can compress realized returns
- Passive exposure without direct operator liability
- Institutional underwriting and acquisition discipline
- Professional asset management and reporting
- Strategy designed to reduce single-asset concentration
- 9% annual target growth projection for comparison
- Curated deal flow with a passive capital framework
Calculating the comparison…
* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.
Built for investors evaluating passive commercial real estate exposure
REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.
Accredited Investors
Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.
Family Offices
Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.
1031 Exchange Buyers
Compare direct replacement ownership against passive alternatives with reduced operational complexity.
High-Income Professionals
Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.
Where Your NOI Goes Each Month
* Distribution based on current inputs. Actual expenses may vary.
ROI Over Time: Direct Ownership vs REI Capital
* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.
Your Down Payment: Direct Ownership vs REI Capital Platform Exposure
Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.
* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.
Why sophisticated investors choose passive CRE exposure
Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.
- Professional underwriting before capital deployment
- Reduced exposure to single-asset operational demands
- Access to institutional sourcing and asset management
- Passive framework built for long-term capital strategy
- Clearer comparison against direct ownership costs
- Time-efficient exposure for qualified investors
A more efficient way to deploy capital
The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.
- Acquisition strategy & deal flow
- Underwriting and risk framework
- Platform team and execution process
- Investor qualification and next steps
For qualified investors · Private overview · PDF access
Investment Due Diligence For 272 Colvin Ave, Buffalo, NY Income Property
Key questions for informed investment decisions
Things Near 272 Colvin Ave, Buffalo, NY
Delaware Park
1.5 milesUniversity at Buffalo South Campus
0.8 milesWegmans (Amherst Street)
1.2 milesBuffalo Zoo
1.7 milesHertel Avenue Restaurants
2.0 milesAbout Buffalo
Buffalo, NY is a city that presents a mixed bag for investors. On one hand, the population of 260,568 and median age of 33.5 suggest a relatively young and vibrant community. The top industries, including Public Administration, Finance & Insurance, and Information, also indicate a diverse economy. However, the 29.3% poverty rate suggests some risk, and the median household income of $30,942 is relatively low. The foreign-born rate of 9.8% and top ethnicities of White, White Non-Hispanic, and Black also indicate a diverse population. The average commute time of 20.0 minutes is relatively short, and the health insurance coverage rate of 94.0% is a positive indicator. On the other hand, the poverty rate and low median household income do pose some challenges. The GINI coefficient of 0.501 also indicates a significant level of income inequality. Overall, investors should carefully consider these factors before making a decision. The city's homeownership rate of 41.8% and median property value of $66,600 may also be of interest to real estate investors. Additionally, the high school graduation rate of 84.2% and bachelor's degree or higher rate of 23.1% suggest a relatively educated population. However, the violent crime rate of 755.6 per 100,000 and property crime rate of 5,506.1 per 100,000 are concerns that need to be addressed. The obesity rate of 31.4% and smoking rate of 21.1% also indicate some health challenges in the community.
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