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Two-Unit Residential Income Duplex

244 Evans Street Buffalo, NY 14221

New
244 Evans Street, Buffalo, NY, 14221
$349,000
For Sale
Claim this Listing
$349,000

MULTI_FAMILY - Other - Buffalo, NY

Property Size2,038 SF
Lot Size0.20 Acres
Price / SF$171.25
AddedJul 14
Days on Market1
Last RefreshJul 14 at 7:06 pm

Property Features for 244 Evans Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans, EntranceFoyer, Storage, NaturalWoodwork
Exterior features
Awnings, FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Standard status
Active
APN
142201-069-130-0002-034-000
Size
2,038 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Annual Amount
5909

Utilities

Heating system
Natural Gas, Baseboard
Water source
Public

Building Details

Year built
1955
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Tile, Laminate, Hardwood
Building materials
AluminumSiding, Cedar
Roof type
Asphalt, Shingle
Architectural style
Other
Additional Structures
Storage

Listing agent Gina R DuBois License #10401203791

Listing office WNY Metro Roberts Realty 5687 Main St., cheektowaga, NY

Listing date Jul 14, 2026

MLS# B1688585 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.

This two-unit duplex includes two residential units that have been occupied for many years and have been gently used. Updates referenced in the remarks include new flooring and baths. Laundry is located in the basement, with additional basement storage. Exterior improvements include fresh paint on the garage and house, new blacktop, driveway updates, and freshly painted steps.

The property is located at 244 Evans Street in Buffalo, NY 14221 (Erie County). The site is described as having plenty of parking, with additional parking space associated with the garage.

The offering includes a lower unit that will be vacant at the time of sale, providing flexibility for an owner occupant or continued rental use.

Key Highlights

  • Double home with 4 bedrooms and 2 bathrooms total, plus basement with storage and laundry area
  • Year built 1955 with asphalt shingle roof and aluminum siding with cedar exterior materials
  • Heating includes natural gas with baseboard heat

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 $30.6k $15.00
− Vacancy −$1.7k −$0.83
EGI $28.9k $14.17
− OpEx −$8.7k −$4.25
NOI $20.2k $9.92
2,038 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$288.9K
$252.8K – $337.0K (±1% cap)
NOI $20,222 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$266.1K
$232.8K – $310.4K (±1% cap)
NOI $18,626 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$490.1K
$428.8K – $571.8K (±1% cap)
NOI $34,307 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Parking Lot & Garage Auto Repair Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Catering Service (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with two long-term occupied units, recent exterior updates, and dedicated parking plus laundry/storage in the basement.
Where is this duplex located?
The property is located at 244 Evans Street Buffalo, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Double home with 4 bedrooms and 2 bathrooms total, plus basement with storage and laundry area; Year built 1955 with asphalt shingle roof and aluminum siding with cedar exterior materials; Heating includes natural gas with baseboard heat
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More about this property
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