Allentown Two-Family Property with
46 Park Street, Buffalo, NY 14201
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
1,695 SFLot size:
0.07 AcresPrice / SF:
$194/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 1:06 pm
Property Features for 46 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Basement, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2
- Parking features
- Open
- Patio and Porch features
- Porch, Patio
- Interior features
- CeilingFans
- Exterior features
- Fence, Patio
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-100-770-0007-016-000
- Size
- 1,695 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3014
Utilities
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Varies, Hardwood, Tile
- Building materials
- WoodSiding, CopperPlumbing, PexPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Joseph G Saccone License #40SA1032884 (716) 870-6226
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date May 29, 2026
MLS# B1685168
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 property in the heart of Allentown, offering flexibility and income potential.
- Front townhouse‑style apartment lives like a single‑family home with open‑concept layout and private walk‑in attic storage.
- Rare two‑car garage accessed from De Rutte Alley, a significant bonus in Allentown.
- Rear one‑bedroom apartment with direct access to the backyard, creating a private living space.
- Walking distance to Downtown Buffalo, Buffalo Niagara Medical Campus, and popular restaurants.
- Separate utilities for each unit, ideal for owner‑occupants or investors.
Overview
Located in the heart of Buffalo's historic Allentown neighborhood, this two-family property offers a blend of character, flexibility, and income potential. The front townhouse-style apartment features an open-concept first floor with a living area, kitchen with cabinets, and a half bath. Upstairs are two bedrooms, a full bath, an open flex space suitable for a home office, and a walk-in attic for private storage. The rear apartment offers a one-bedroom layout with a living room and direct access to the backyard. Outside, there is a patio. The property includes a two-car garage accessed from De Rutte Alley. With separate utilities and flexible living space, this property is suitable for owner-occupants and investors. It is a short walk from Downtown Buffalo, the Buffalo Niagara Medical Campus, and restaurants including Billy Club, Beacon Grille, Casa Azul and Bettys. The property size is 1695 square feet and the lot size is 0.0675 acres.
Local Financial Insights For Office B
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 | $34.6k | $20.40 |
| − Vacancy | −$6.4k | −$3.77 |
| EGI | $28.2k | $16.63 |
| − OpEx | −$7.0k | −$4.16 |
| NOI | $21.1k | $12.47 |
1,695 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$301.9K
$264.2K – $352.3K
NOI $21,136 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$261.5K
$228.8K – $305.1K
NOI $18,306 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$407.6K
$356.7K – $475.6K
NOI $28,533 @ 7.0% cap · market cap 8.65%
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
- -78.737024
- Latitude
- 42.892616
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming two-family property in Buffalo's historic Allentown neighborhood.
Where is this duplex located?
The property is located at 46 Park Street Buffalo, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑family property in the heart of Allentown, offering flexibility and income potential.; Front townhouse‑style apartment lives like a single‑family home with open‑concept layout and private walk‑in attic storage.; **Rare two‑car garage accessed from De Rutte Alley, a significant bonus in Allentown.**
