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Two-Unit Residential Income Property

15 Seneca Pksd Buffalo, NY 14210

15 Seneca Pksd, Buffalo, NY, 14210
$259,900
Pending
For Sale
Claim this Listing
$259,900
Pending

MULTI_FAMILY - Other - Buffalo, NY

Property Size2,190 SF
Lot Size0.08 Acres
AddedJun 9
Days on Market37
Last RefreshJul 15 at 7:06 am

Property Features for 15 Seneca Pksd

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bedroom 2, Bedroom 5
Patio and Porch features
Porch
Exterior features
Balcony, FullyFenced
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Standard status
Pending
APN
140200-133-340-0001-004-000
Size
2,190 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Annual Amount
1739

Utilities

Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet, Laminate, Varies, Vinyl
Building materials
CompositeSiding, VinylSiding
Roof type
Shingle
Architectural style
Other

Listing agent James C Fleming License #10401291636

Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

Listing date Jun 9, 2026

MLS# B1688939 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.


Investment Insights

Based on property information with market context.

This two-unit residential property is offered as turnkey, featuring updates throughout both units and brand-new windows installed throughout the home. Each unit is configured with three bedrooms, generous living areas, and functional layouts. The second-floor owner’s unit includes access to a large walk-up attic that may provide options for additional living space.

Located in South Buffalo, the property sits just steps from Cazenovia Park, part of the Olmsted Parks Conservancy system, with walking trails and year-round green space. The area also includes nearby redevelopment projects described in the remarks, including Shea’s Seneca Theater and The Caz. The home is on a quiet, dead-end street.

For tenants or owner-occupants, the three-bedroom configuration in each unit supports a comfortable, family-oriented live/work mix. For buyers, the separate two-unit setup and completion of updates and window replacement offer a move-in-ready starting point without requiring immediate interior work, while the attic access in the upper unit adds an additional consideration for future use planning.

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 $32.9k $15.00
− Vacancy −$1.8k −$0.83
EGI $31.0k $14.17
− OpEx −$9.3k −$4.25
NOI $21.7k $9.92
2,190 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.2K (±1% cap)
NOI $21,730 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K (±1% cap)
NOI $20,015 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$526.7K
$460.8K – $614.4K (±1% cap)
NOI $36,866 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Turnkey two-unit home with updated interiors, new windows, and three-bedroom layouts suited to rentals or owner-occupancy.
Where is this duplex located?
The property is located at 15 Seneca Pksd Buffalo, NY.
What is the asking price?
The asking price for this property is $259,900.
Contact an agent
More about this property
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