Well-Maintained Two-Unit Brick
288 Meadowlawn Road, Buffalo, NY 14225
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
2,080 SFLot size:
0.13 AcresPrice / SF:
$163/SF- Added:
- Jun 18, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 24 at 12:06 am
Property Features for 288 Meadowlawn Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2
- Parking features
- Open, Garage
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 143089-092-180-0007-047-000
- Size
- 2,080 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7894
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Resilient, Varies, Vinyl, Hardwood, Tile
- Building materials
- Brick
- Architectural style
- Other
Listing agent John Santora III License #10401291249 (716) 908-4304
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Jun 18, 2026
MLS# B1691735
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
- Brick front, multi‑unit property built in 1962 with 2 units: 2 bed/1 bath (lower) and 3 bed/1 bath (upper)
- Updated flooring: upper apartment flooring, stairs, and landing updated in 2021; lower apartment new flooring in 2023
- Bathroom renovations in both apartments completed in 2021
- Energy‑efficient Low‑E windows and upgraded tankless boiler system for on‑demand hot water and heating
- Hydraulic backup sump system installed in 2022/2023; lower apartment shower valve replacement in 2025; upper unit garage door replacement in 2025
- Large concrete driveway with parking for up to seven vehicles plus detached two‑car garage; partially fenced backyard with paver patio and mature gardens
Overview
This well-maintained brick-front duplex includes two separate residences, configured as a 2-bedroom, 1-bath lower unit and a 3-bedroom, 1-bath upper unit. Each apartment features bright, functional living areas, eat-in kitchens with pantries, updated bathrooms, large closets, and ceiling fans. Interior updates include new flooring throughout: laminate flooring in living rooms, kitchens, and hallways, with wall-to-wall carpeting in bedrooms. The upper unit’s flooring, stairs, and landing were updated in 2021, while the lower unit received new flooring in 2023. Bathroom renovations for both apartments were completed in 2021. Additional improvements include a tankless boiler system for on-demand heat and hot water, energy-efficient Low-E windows, a hydraulic backup sump system installed in 2022/2023, and recent mechanical and plumbing updates such as a lower shower valve replacement in 2025 and an upper garage door replacement in 2025.
The property sits on a lot with attractive curb appeal and professional landscaping. Exterior amenities include a large concrete driveway with parking for up to seven vehicles and a detached two-car garage with separate doors and openers for each apartment. The backyard offers a partially fenced yard, a paver patio, and mature gardens.
With a common laundry room and separate living spaces designed for privacy, this duplex supports both tenant-friendly day-to-day use and owner-occupant flexibility. The combination of interior updates and relatively recent roof and mechanical improvements helps reduce near-term maintenance concerns for a buyer seeking a move-in-ready income property.
The property sits on a lot with attractive curb appeal and professional landscaping. Exterior amenities include a large concrete driveway with parking for up to seven vehicles and a detached two-car garage with separate doors and openers for each apartment. The backyard offers a partially fenced yard, a paver patio, and mature gardens.
With a common laundry room and separate living spaces designed for privacy, this duplex supports both tenant-friendly day-to-day use and owner-occupant flexibility. The combination of interior updates and relatively recent roof and mechanical improvements helps reduce near-term maintenance concerns for a buyer seeking a move-in-ready income property.
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 | $31.2k | $15.00 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $29.5k | $14.17 |
| − OpEx | −$8.8k | −$4.25 |
| NOI | $20.6k | $9.92 |
2,080 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$271.6K
$237.6K – $316.8K
NOI $19,010 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$500.2K
$437.7K – $583.6K
NOI $35,014 @ 7.0% cap · market cap 10.30%
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
- -78.72759
- Latitude
- 42.922351
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated upper and lower units with separate living spaces, parking for multiple vehicles, and laundry room convenience.
Where is this duplex located?
The property is located at 288 Meadowlawn Road Buffalo, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Brick front, multi‑unit property built in 1962 with 2 units: 2 bed/1 bath (lower) and 3 bed/1 bath (upper); Updated flooring: upper apartment flooring, stairs, and landing updated in 2021; lower apartment new flooring in 2023; Bathroom renovations in both apartments completed in 2021
