Two-Family Residential Income
175 Vern Lane Buffalo, NY 14227
For Sale
$429,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,288 SF
Lot Size0.17 Acres
Price / SF$187.50
Days on Market18
Property Features for 175 Vern Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Garage
Exterior features
Fence
Fencing
Fenced
Appliances
GasWaterHeater, WaterHeater
Standard status
Active
APN
143089-113-080-0003-025-000
Size
2,288 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
7306
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Marble, Tile
Building materials
Brick, Stone, WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 891-1710
Listed By:
Suhel Ahmed · License #10401361723
(716) 750-6319
Added: Jul 13
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# B1698064
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 well-maintained two-family home includes two spacious units with a total of six bedrooms and two full bathrooms. Each unit offers a functional layout with generous living space and natural light. The property also features a full basement that provides ample storage and additional potential.
Located near schools, shopping, restaurants, and public transportation, the home offers convenient day-to-day access to local amenities.
With two separate residential units, this property can serve as an owner-occupied residence or an income-producing rental setup, depending on how you plan to use it.
Located near schools, shopping, restaurants, and public transportation, the home offers convenient day-to-day access to local amenities.
With two separate residential units, this property can serve as an owner-occupied residence or an income-producing rental setup, depending on how you plan to use it.
Key Highlights
- Well‑maintained 2‑family home at 175 Vern Ln with 6 bedrooms and 2 full bathrooms total
- Full basement adds additional storage and extra space
- Central air and forced‑air heating with natural gas
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 | $34.3k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $32.4k | $14.17 |
| − OpEx | −$9.7k | −$4.25 |
| NOI | $22.7k | $9.92 |
2,288 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$550.2K
$481.4K – $641.9K
NOI $38,515 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit home offering six bedrooms, two full bathrooms, and a full basement for storage.
Where is this duplex located?
The property is located at 175 Vern Lane Buffalo, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home at 175 Vern Ln with 6 bedrooms and 2 full bathrooms total; Full basement adds additional storage and extra space; Central air and forced‑air heating with natural gas
