Turn-Key Duplex
114 Lombard Street, Buffalo, NY 14212
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
1,809 SFLot size:
0.23 AcresPrice / SF:
$143/SF- Added:
- Jun 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 3 at 7:06 am
Property Features for 114 Lombard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 5, Bathroom 1
- Parking features
- On Street
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-111-520-0005-009-100
- Size
- 1,809 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 657
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Varies
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ruth Ann Gardner License #30GA0653668 (716) 870-4915
Listing office WNY Metro Roberts Realty 4721 Transit Road Suite 18, cheektowaga, NY (716) 668-2500
Listing date Jun 1, 2026
MLS# B1686426
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 7‑bed, 3‑bath duplex at 114 Lombard St, Buffalo with front & rear units
- Renovations completed with new furnaces, new hot water tanks, updated electric and lighting, and new windows, doors, and siding
- Complete tear‑off roof completed within the past month; asphalt roof and vinyl siding
- Each unit includes a laundry area; rear unit is vacant for easy showings (front unit is tenant occupied—appointment required)
- Huge lot includes 3 parcels combined on one survey, with room for a garage if desired
- Fenced property with public water; forced‑air natural gas heating and on‑street parking
Overview
This turn-key duplex offers a front and rear unit configuration within a renovated 7-bedroom, 3-bath layout. The property has been fully updated with new furnaces, new hot water tanks, updated electric and lighting, and new windows, doors, and siding. A complete tear-off roof was completed within the past month, supporting a strong move-in-ready profile for an investor or owner-occupant. Each unit includes a dedicated laundry area, and the home also features a front covered porch.
The duplex sits on a huge, rare lot size that includes three parcels combined on one survey. The rear unit is vacant, allowing easier showings, while the front unit is tenant occupied and requires an appointment verified with the owner and tenant. Showings begin 6/2/2026, with offers due on 6/8 at 11:00 am and no escalation clauses per seller request. An open house is scheduled for 6/7/26 from 11:00 am to 1:00 pm.
With the amount of recent capital improvements and in-unit laundry, the property is well suited for a hands-off rental strategy, including use as an owner-occupied residence with rental income from the second unit. The combined parcels also provide flexibility for a purchaser who would like to explore adding a garage, subject to applicable requirements.
The duplex sits on a huge, rare lot size that includes three parcels combined on one survey. The rear unit is vacant, allowing easier showings, while the front unit is tenant occupied and requires an appointment verified with the owner and tenant. Showings begin 6/2/2026, with offers due on 6/8 at 11:00 am and no escalation clauses per seller request. An open house is scheduled for 6/7/26 from 11:00 am to 1:00 pm.
With the amount of recent capital improvements and in-unit laundry, the property is well suited for a hands-off rental strategy, including use as an owner-occupied residence with rental income from the second unit. The combined parcels also provide flexibility for a purchaser who would like to explore adding a garage, subject to applicable requirements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.6k | $14.17 |
| − OpEx | −$7.7k | −$4.25 |
| NOI | $17.9k | $9.92 |
1,809 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,533 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$435.0K
$380.7K – $507.5K
NOI $30,452 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.837286
- Latitude
- 42.889152
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated front and rear units with in-unit laundry areas, modern systems, and a multi-parcel lot offering garage potential.
Where is this duplex located?
The property is located at 114 Lombard Street Buffalo, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 7‑bed, 3‑bath duplex at 114 Lombard St, Buffalo with front & rear units; Renovations completed with new furnaces, new hot water tanks, updated electric and lighting, and new windows, doors, and siding; Complete tear‑off roof completed within the past month; asphalt roof and vinyl siding
