Restored Triplex with Detached
186 Bird Avenue, Buffalo, NY 14213
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
3,199 SFLot size:
0.16 AcresPrice / SF:
$153/SF- Added:
- May 11, 2026
- Days on Market:
- 6
- Last Refresh:
- May 16 at 10:06 pm
Property Features for 186 Bird Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Attic, CeilingFans, NaturalWoodwork
- Exterior features
- Balcony, FullyFenced
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-088-670-0003-062-000
- Size
- 3,199 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2574
Utilities
- Heating system
- Other (Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Hardwood, Varies
- Building materials
- AtticCrawlHatchwaysInsulated, CompositeSiding, CopperPlumbing
- Architectural style
- Other
Listing agent Thomas R Needham License #10401239962 (716) 574-8825
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date May 11, 2026
MLS# B1680776
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
- Detached 5‑bay garage (1,127 sq ft) offers versatile space for parking, workshop, or creative studio.
- Three units: two rental units on the first floor and a spacious, updated upstairs unit previously rented for $2,000/month, offering income potential.
- Extensive renovations including repointed brick, tear‑off roof, insulated garage doors, glass block windows, newer boilers, and updated electric service.
- Enjoy the large, private second‑floor patio and private front porch.
- Finished third‑floor storage with half bath, offering potential for a home office, studio, gym, guest space, or additional living area.
- High‑quality quad‑pane windows and added insulation for energy efficiency and sound insulation.
Overview
Located on historic Bird Avenue in Buffalo, this restored three-unit property combines original character with modern updates. The property includes a detached five-bay garage offering 1,127 square feet of space suitable for parking five vehicles, a workshop, studio, storage, or other creative uses. The garage has repointed brick, insulated doors, a tear-off roof, glass block windows, and concrete floors. An attached one-car garage, privacy fencing, and a metal gate enclose the driveway area. The first floor contains two rental units. The front apartment is a one-bedroom, one-bathroom unit with natural light, woodwork, a fireplace, and French doors to a private front porch. The rear unit has two bedrooms and one bathroom, exposed brick, subway tile, hardwood floors, quad-pane windows, a private entrance, and outdoor space. The upstairs unit features in-unit laundry, stainless appliances, a dishwasher, hardwood floors, and a kitchen that opens to the dining area. A private second-floor patio provides outdoor space. The third floor includes a half bath and finished storage space that could be used as a home office, studio, gym, guest space, or additional living area. Quad-pane windows offer energy efficiency and sound insulation. Mechanical updates include newer boilers, updated electric service, and circuit breaker panels. The property size is 3,199 square feet on a lot of 0.1618 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$352.7K
NOI $31,742 @ 9.00% cap · cautious / downside scenario
Moderate
$453.5K
NOI $31,742 @ 7.00% cap · market / base-case scenario
Aggressive
$634.8K
NOI $31,742 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $15.00 |
| − Vacancy | −$2.6k | −$0.83 |
| EGI | $45.3k | $14.17 |
| − OpEx | −$13.6k | −$4.25 |
| NOI | $31.7k | $9.92 |
3,199 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$453.5K
$396.8K – $529.0K
NOI $31,742 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$417.7K
$365.5K – $487.3K
NOI $29,237 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$769.3K
$673.1K – $897.5K
NOI $53,851 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.892042
- Latitude
- 42.926135
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property with a five-bay detached garage.
Where is this triplex located?
The property is located at 186 Bird Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Detached 5‑bay garage (1,127 sq ft) offers versatile space for parking, workshop, or creative studio.; Three units: two rental units on the first floor and a spacious, updated upstairs unit previously rented for $2,000/month, offering income potential.; Extensive renovations including repointed brick, tear‑off roof, insulated garage doors, glass block windows, newer boilers, and updated electric service.
