Two-Family Home with Off-Street
23 Wadsworth Street, Buffalo, NY 14201
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
1,980 SFLot size:
0.07 AcresPrice / SF:
$196/SF- Added:
- Jul 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 23 Wadsworth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Patio and Porch features
- Patio
- Exterior features
- Balcony, Patio
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-100-690-0002-002-210
- Size
- 1,980 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3086
Utilities
- Heating system
- Natural Gas, Radiant
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Varies
- Building materials
- WoodSiding, CopperPlumbing
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Jeffrey Moyer License #10401225154 (716) 818-9042
Listing office Gurney Becker & Bourne 976 Delaware Ave, Buffalo, NY (716) 849-1234
Listing date Jul 2, 2026
MLS# B1693326
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
- Two‑family home in the Allentown Historic District, within walking distance of the Medical Corridor
- Lower unit previously used as a storefront; property includes potential for a return to storefront use
- Radiant floor heating plus natural gas heating; fireplace in the home
- Updated kitchens with dishwashers and built‑in microwaves, plus in‑unit front loading washer and dryer
- Upper unit features engineered hardwood floors and recessed lights, with a rear deck and security cameras
- Off‑street parking for 2 cars (potential to expand to 4); shared fenced and gated driveway
Overview
This two-family home offers a flexible lower-and-upper layout, with both apartments recently painted and ready for move-in. Key features include radiant floor heating, in-unit front loading washer and dryer, multiple replacement windows, updated baths, and renovated kitchens with dishwashers and built-in microwaves. The upper unit features engineered hardwood floors and recessed lighting, along with two floodlight security cameras and a rear deck. The lower unit is described as an open-concept space with high ceilings and is wheelchair friendly. The property also includes off-street parking for two cars, with potential to expand to four.
Situated in the heart of the Allentown Historic District, the home is within walking distance of the Medical Corridor. It is currently zoned residential, and the lower unit was previously a storefront. As described, that history may make conversion back to a storefront straightforward for an owner-occupant configuration. A shared driveway creates a large, private area shared by four homes, secured by a fence and gate.
For tenants or owners seeking a live-and-work arrangement, the combination of an owner-occupied upper unit and a lower space with storefront history can support retail or service uses depending on applicable requirements. The two well-equipped residential units also fit buyers who prefer straightforward residential rental operations, with the added benefit of dedicated off-street parking and a rear deck on the upper level.
Situated in the heart of the Allentown Historic District, the home is within walking distance of the Medical Corridor. It is currently zoned residential, and the lower unit was previously a storefront. As described, that history may make conversion back to a storefront straightforward for an owner-occupant configuration. A shared driveway creates a large, private area shared by four homes, secured by a fence and gate.
For tenants or owners seeking a live-and-work arrangement, the combination of an owner-occupied upper unit and a lower space with storefront history can support retail or service uses depending on applicable requirements. The two well-equipped residential units also fit buyers who prefer straightforward residential rental operations, with the added benefit of dedicated off-street parking and a rear deck on the upper level.
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 | $29.7k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $28.1k | $14.17 |
| − OpEx | −$8.4k | −$4.25 |
| NOI | $19.6k | $9.92 |
1,980 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$476.2K
$416.6K – $555.5K
NOI $33,331 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.879918
- Latitude
- 42.900153
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two recently painted units with updated kitchens, radiant heat, a rear deck, and two off-street parking spaces.
Where is this duplex located?
The property is located at 23 Wadsworth Street Buffalo, NY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑family home in the Allentown Historic District, within walking distance of the Medical Corridor; Lower unit previously used as a storefront; property includes potential for a return to storefront use; Radiant floor heating plus natural gas heating; fireplace in the home
