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    286 Carolina St Buffalo, NY 14201

    Sponsored
    For Sale
    $375,000

    MULTI_FAMILY - Other - Buffalo, NY

    Property size:
    1,922 SF
    Lot size:
    0.04 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 28 at 1:06 am

    Property Features for 286 Carolina St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Basement
    Bedrooms
    4
    Bathrooms
    2
    APN
    140200-111-290-0002-021-000
    Parking features
    Driveway, On Street
    Patio and Porch features
    Patio
    Exterior features
    FullyFenced, Fence, Patio
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Size
    1,922 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Vinyl, Varies
    Building materials
    VinylSiding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    John Santora III
    John Santora III

    Keller Williams Realty Buffalo Northtowns (716) 832-3300

    Listing agent John Santora III (716) 832-3300 License #10401291249

    Listing date Jan 3, 2026

    MLS# B1637863 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.

    Learn more

    Property Insight Report

    Overview

    Downtown Buffalo Multifamily Investment Opportunity

    Located in downtown Buffalo, this recently renovated two-unit multifamily property presents an investment opportunity. The property features low maintenance and is near the Allentown Art district, Elmwood Ave, Downtown Buffalo, Chippewa Street, and the Buffalo Niagara Medical Campus. The home has been renovated inside and out with floor plans and design by Akos Architects and home renovation by Lamparelli Construction. The first-floor unit includes a covered porch, while the second floor has a rebuilt back staircase leading to a lower back patio with new wooden gates and privacy fencing. Exterior updates include new concrete porch and walkways, newer windows and exterior doors with smart lock technology, a 7-year-old roof, newer siding, landscaping, and aluminum trim. Interior renovations feature luxury vinyl plank flooring, LED lighting, new interior doors and drywall, new R1 and R13 insulation, and redone walls and ceilings. Each apartment has two bedrooms with walk-in closet space, a living room with an electric fireplace, and an open floor plan. The kitchens feature Zodiac quartz countertops, tile backsplash, a center island with seating, custom cabinetry, and stainless steel appliances. Bathrooms have tile showers with marble flooring and glass doors, and modern vanities with LED mirrors. Each unit has a designated stackable laundry unit with built-in cabinetry, quartz countertops, and a sink. Mechanical updates include high-efficiency furnaces with new AC units, new hot water tanks, new plumbing, new electrical panels, ZWave smart thermostats, Ring doorbells and cameras, and glass block windows in the basement. The property includes a shared large basement for storage. The property size is 1922 square feet and the lot size is 0.0366 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.879434
    Latitude
    42.894007

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    FAQs

    What type of property is this?
    Duplex - Recently renovated two-unit multifamily property in downtown Buffalo.
    Where is this duplex located?
    The property is located at 286 Carolina St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Completely renovated 2-unit multi-family home with modern finishes.; - Prime downtown Buffalo location near Allentown Art District, Elmwood Ave, Chippewa Street, and the Buffalo Niagara Medical Campus.; - Updated mechanicals including high-efficiency furnaces with new AC units, new hot water tanks, new plumbing, and new electrical panels.
    (716) 908-4304
    Request Owner's contact information
    286 Carolina St Buffalo, NY 14201
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    Buffalo, NY 14201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    286 Carolina St Buffalo, NY 14201
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    We can help!
    Listing Contact
    John Santora III
    John Santora III
    Real Estate License ID: 10401291249
    (716) 908-4304
    Learn more
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