South Buffalo Turnkey Investment
215 Stevenson Street Buffalo, NY 14210
215 Stevenson Street, Buffalo, NY, 14210
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,332 SF
Lot Size0.08 Acres
Days on Market59
Property Features for 215 Stevenson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Basement, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 1
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, NaturalWoodwork
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-123-730-0007-002-000
- Size
- 2,332 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2525
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Varies
- Building materials
- 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 21 Checked: Jul 18 at 12:06 am
MLS# B1683386
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 on Stevenson Street in Buffalo, this professionally owned and well-maintained duplex presents a turnkey investment opportunity. The property is fully occupied and features two units, each with updated kitchens and bathrooms, new flooring, paint, and cosmetic updates. The open floor plans include hardwood floors, original woodwork, and enclosed bonus rooms for additional storage or living space. Capital improvements include solid mechanicals, updated electrical systems, an architectural roof, and a maintenance-free vinyl exterior. The property also features a detached garage and a full basement with laundry amenities and glass block windows for storage. The building size is 2332 square feet and the lot size is 0.08 acres.
Key Highlights
- Professionally owned 3/3 South Buffalo double is fully occupied and ready for its next owner
- Each unit features updated kitchens and bathrooms, plus new flooring and fresh paint
- Year built 1925 with hardwood floors, original natural woodwork, and ceiling fans
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 | $35.0k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $33.1k | $14.17 |
| − OpEx | −$9.9k | −$4.25 |
| NOI | $23.1k | $9.92 |
2,332 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.2K – $385.7K
NOI $23,139 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$304.5K
$266.4K – $355.2K
NOI $21,313 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$560.8K
$490.7K – $654.3K
NOI $39,256 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loyalty Ova Fame
Clothing Store
Remi's Boutique
Clothing Store
Lmlillmexico
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained, fully occupied duplex with updated features and solid mechanicals.
Where is this duplex located?
The property is located at 215 Stevenson Street Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Professionally owned 3/3 South Buffalo double is fully occupied and ready for its next owner; Each unit features updated kitchens and bathrooms, plus new flooring and fresh paint; Year built 1925 with hardwood floors, original natural woodwork, and ceiling fans
