Donald Erbes
REALTOR®, Lic. Real Estate Salesperson
BEDS4
BATHS1 full
SQUARE FEET6,105
MLS#B1669845
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBuffalo
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Sump Pump
Cooling: Central Air
Garage: 2
Heating: Gas, Forced Air
Lot Size: 0.20 Acres
Roof Type: Flat, Membrane, Rubber
Stories: 2.0
Taxes: $4,930
Year Built: 1950
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 2
Exterior: Vinyl Siding, Copper Plumbing
Flooring: Carpet, Laminate, Varies, Vinyl
Lot: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Lot Dimensions: 67X130
Parcel#: 140200-112-420-0004-033-100
Parking: Common, Paved, Parking Available, Two or More Spaces
Parking Notes: Common, Paved, Parking Available, Two or More Spaces
Security: Security System Owned
Sewer: Connected
Units: 1
Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Buffalo
Listed By / Shown By
Listing By
Agency Name: Nichol City Realty
Agency Contact: 716-480-8117
Shown By
Agent Name: Donald Erbes
Agent Phone: (716) 984-1631
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 2,172.64 per month $1,557.67 Principal & Interest $410.83 Property Tax $204.14 Homeowner's InsuranceChange Payment Information
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1140 E Lovejoy Street | MLS# B1669845
This multi-family property located at 1140 E Lovejoy Street, Buffalo, NY 14206 is currently listed for sale with an asking price of $699,900. E Lovejoy Street is located within the Buffalo school district. Search Buffalo real estate on derbes.mjpeterson.com today.