Hard to find investment opportunity! Stately commercial mixed use building to include popular neighborhood laundromat business and huge 4 bedroom apartment. Laundromat income ranges between $1500-$2200 weekly. Upper apartment is rented at $1495/mo. Garage is rented at $300/mo. A room in the basement is rented at $100/week. Total yearly building revenue is approx. $120,000 which puts this investment at a desirable 13% CAP rate. Laundromat revenue could be much higher with proper adverting and Google SEO. Very little competition nearby. Brand new Dexter dryers and new Encore washers were just installed March 2026. To be installed are (3) brand new Dexter 80lb washers, (3) newer 60lb washers, and (2) newer 40lb washers. Laundromat prices could also be increased - they have not been increased in many years. Upper apartment is recently updated. All laundromat equipment is sold as-is. Showings of the laundromat can be done any time. Upper apartment needs a 24 hour notice after a first showing of the business. Also listed as commercial B1673316.
Active
$699,900
1140 E Lovejoy St, Buffalo, NY 14206
4beds
6,105sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$115/sqft
$-- HOA
What's special
Brand new dexter dryersNew encore washers
- 121 days |
- 176 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Nichol City Realty 716-288-5484,
Shannon L McNichol 716-480-8117
Source: NYSAMLSs,MLS#: B1669845
Originating MLS: Buffalo
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Laminate, Varies, Vinyl
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 6,105
- Total interior livable area: 6,105 sqft
Property
Parking
- Total spaces: 2
- Parking features: Common, Paved, Parking Available, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Dimensions: 67 x 130
- Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Details
- Parcel number: 1402001124200004033100
- Zoning description: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Copper Plumbing
- Foundation: Block
- Roof: Flat,Membrane,Rubber
Condition
- Resale
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Security System Owned
Location
- Region: Buffalo
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $301,000
- Annual tax amount: $4,930
- Date on market: 4/13/2026
- Listing terms: Cash
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Listed for sale | $699,900+1328.4%$115/sqft |
Source: | ||
| 6/15/2001 | Sold | $49,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $301,000 +87% |
| 2024 | -- | $161,000 |
| 2023 | -- | $161,000 |
| 2022 | -- | $161,000 |
| 2021 | -- | $161,000 |
| 2020 | -- | $161,000 +168.3% |
| 2019 | -- | $60,000 |
| 2018 | -- | $60,000 |
| 2017 | $1,696 +387.4% | $60,000 |
| 2016 | $348 | $60,000 |
| 2015 | -- | $60,000 |
| 2014 | -- | $60,000 -7.7% |
| 2005 | -- | $65,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Lovejoy
Nearby schools
GreatSchools rating
- 4/10Lovejoy Discovery School 43Grades: PK-8Distance: 0.1 mi
- 1/10The Math Science Technology Preparatory School AtGrades: 9-12Distance: 2.6 mi
- 2/10Harvey Austin School 97Grades: PK-8Distance: 1.2 mi
Schools provided by the listing agent
- District: Buffalo
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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