South Buffalo Turnkey Investment
213 Stevenson Street Buffalo, NY 14210
213 Stevenson Street, Buffalo, NY, 14210
$265,000
For Sale
$265,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,200 SF
Lot Size0.08 Acres
Price / SF$120.45
Days on Market52
Property Features for 213 Stevenson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement
- Patio and Porch features
- Porch
- Interior features
- NaturalWoodwork
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-123-730-0007-001-000
- Size
- 2,200 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2619
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Varies, Carpet
- Building materials
- CompositeSiding, VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty Lancaster
(716) 324-2300
3400 Southwestern Blvd., Elma, NY
Listed by
Ryan Daley · License #10301215815
(716) 949-5189
Added: May 28 Checked: Jul 18 at 2:06 am
MLS# B1685085
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.
Located in Buffalo, New York, 213 Stevenson Street is a professionally owned and maintained duplex in South Buffalo. This turnkey investment property is fully occupied. The property features two units, each with an open floor plan. The lower unit includes an updated kitchen and bathroom, along with cosmetic updates throughout. Both units feature luxury vinyl flooring, as well as tiled kitchens and bathrooms. Capital improvements include updated furnaces in 2016, updated electrical systems, a new architectural roof installed in 2020, and both hot water tanks replaced in 2017. The property also features a maintenance-free vinyl exterior. Additional features include a detached garage and a full basement with laundry amenities and glass block windows for storage. The property size is 2200 square feet and the lot size is 0.08 acres.
Key Highlights
- 3/3 South Buffalo double with both units fully occupied
- Year built 1915 with vinyl and tile flooring, natural woodwork, and open floor plans
- Capital improvements: updated furnaces (2016), electrical updates, architectural roof (2020), and hot water tanks replaced (2017)
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 | $33.0k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.2k | $14.17 |
| − OpEx | −$9.4k | −$4.25 |
| NOI | $21.8k | $9.92 |
2,200 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.8K
NOI $21,830 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,107 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 13.98%
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 - Professionally maintained, fully occupied South Buffalo duplex with recent updates.
Where is this duplex located?
The property is located at 213 Stevenson Street Buffalo, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 3/3 South Buffalo double with both units fully occupied; Year built 1915 with vinyl and tile flooring, natural woodwork, and open floor plans; Capital improvements: updated furnaces (2016), electrical updates, architectural roof (2020), and hot water tanks replaced (2017)
