Spacious Multifamily Property with Business
20 East Avenue Buffalo, NY 14224
20 East Avenue, Buffalo, NY, 14224
$350,000
For Sale
$350,000
MULTI_FAMILY - Buffalo, NY
Property Size2,521 SF
Lot Size0.34 Acres
Price / SF$138.83
Days on Market112
Property Features for 20 East Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Basement, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 146800-135-170-0002-013-000
- Size
- 2,521 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5104
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Carpet, Vinyl, Tile
- Building materials
- VinylSiding
Listing agency
WNY Metro Roberts Realty
(716) 646-6400
Listed by
Brian Kras · License #10401373450
(716) 796-4186
Added: Apr 2 Updated: Jul 9 at 4:00AM Checked: Jul 22 at 7:06PM
MLS# B1670679
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.
Located in Buffalo, NY, this property offers space, flexibility, and opportunity. The property, zoned R65A, is set up as a single-family home with a second-floor in-law apartment, offering 3 bedrooms on the main level and 2 more upstairs. With finishing, it could become a 6 or 7-bedroom, 3-bath home featuring multiple living areas, a family room, and a home office. The property can convert to a two-family setup with a 4 or 5 bed / 2 bath first-floor unit and a 2 bed / 1 bath upper unit, each with its own living space and kitchen. The property includes an oversized 3+ car garage and triple-wide driveway, offering parking, storage, and convenience. The location provides access to shopping, dining, parks, schools, and the NYS Thruway. The property is listed as a single family property under MLS #B1668237. The square footage is 2521 square feet and includes unfinished first-floor space. Open houses are scheduled for Saturday April 4th, 2026 11am-1pm, Wednesday April 8th, 2026 5pm-7pm, and Sunday April 12th, 2026 1pm-3pm. Offers will be reviewed on Monday April 13 2026 at 3PM.
Key Highlights
- Expanded Cape Cod home with second‑floor in‑law apartment; currently set up as single‑family with additional living space
- Flexible layout with 3 bedrooms on the main level and 2 more upstairs, plus potential to finish additional space for more bedrooms
- Zoning: R65A; described conversion potential to a true two‑family setup with a 4/5 bed (2 bath) first‑floor unit and 2 bed (1 bath) upper unit
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 | $37.8k | $15.00 |
| − Vacancy | −$2.1k | −$0.83 |
| EGI | $35.7k | $14.17 |
| − OpEx | −$10.7k | −$4.25 |
| NOI | $25.0k | $9.92 |
2,521 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.4K
$312.7K – $416.9K
NOI $25,015 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$329.1K
$288.0K – $384.0K
NOI $23,040 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$606.3K
$530.5K – $707.3K
NOI $42,438 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Versatile property with multi-generational living and income potential.
Where is this duplex located?
The property is located at 20 East Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Expanded Cape Cod home with second‑floor in‑law apartment; currently set up as single‑family with additional living space; Flexible layout with 3 bedrooms on the main level and 2 more upstairs, plus potential to finish additional space for more bedrooms; Zoning: R65A; described conversion potential to a true two‑family setup with a 4/5 bed (2 bath) first‑floor unit and 2 bed (1 bath) upper unit
