50 Amana Place Buffalo, NY 14224
MULTI_FAMILY - Buffalo, NY
Property Features for 50 Amana Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 146800-134-200-0007-006-000
- Size
- 1,664 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5364
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Carpet, Tile, Laminate, Varies, Vinyl
- Building materials
- Brick, Frame
Listing agent Timothy E Knop License #10401239836 (716) 983-7409
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Jun 30, 2026
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.
Located on a quiet street in Buffalo, NY, the property is positioned just minutes from Southgate Plaza and nearby restaurants, shopping, and everyday amenities. The listing provides weekday showings from 5:00 PM to 8:00 PM, with weekend showings available based on tenant availability.
This duplex can fit investors seeking an income-producing, tenant-occupied asset with month-to-month lease terms, as well as owner-occupants who want the option to offset housing costs through rental income. With practical on-site parking, attached garage storage, and additional finished basement space, the property supports a straightforward live-and-rent or fully-rental approach.
Key Highlights
- Two‑unit home built in 1965, currently tenant‑occupied with month‑to‑month leases
- Double‑wide driveway with ample off‑street parking plus an attached two‑car garage for storage
- Utilities include public water and natural gas forced‑air heating with a gas water heater
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 | $25.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $23.6k | $14.17 |
| − OpEx | −$7.1k | −$4.25 |
| NOI | $16.5k | $9.92 |
