1140 E Lovejoy Street, Buffalo, NY 14206

Buffalo
Local realty services provided by:ERA Team VP Real Estate
1140 E Lovejoy Street,Buffalo, NY 14206
$699,900
  • 4 Beds
  • 1 Baths
  • 6,105 sq. ft.
  • Multi-family
  • Active
Listed by: shannon l mcnichol
Office: nichol city realty
MLS#:B1669845
Source:NY_GENRIS

Price summary

  • Price:$699,900
  • Price per sq. ft.:$114.64

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:B1669845
  • Added:1 day(s) ago
  • Updated:April 14, 2026 at 07:41 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Carpet, Laminate, Varies, Vinyl
  • Basement:Yes
  • Basement Description:Full, Sump Pump
  • Living area:6,105 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Flat, Membrane, Rubber
  • Year built:1950
  • Building area:6,105 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Corner Lot, Near Public Transit, Rectangular
  • Construction Materials:Copper Plumbing, Vinyl Siding
  • Foundation Description:Block
  • Levels:2 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$699,900
  • Price per sq. ft.:$114.64
  • Tax amount:$4,930

Parking

  • Parking description:Common, Parking Available, Paved
  • Garage:Yes
  • Garage spaces:2

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