51 Stevenson Street Buffalo, NY 14220
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 2, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 12 at 6:06 pm
Property Features for 51 Stevenson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3
- Window features
- Drapes
- Interior features
- NaturalWoodwork, WindowTreatments
- Exterior features
- Fence
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-123-800-0007-004-000
- Size
- 2,528 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2755
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Hardwood, Vinyl, Carpet
- Building materials
- CompositeSiding, WoodSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Daniel J Mania License #10491208202 (716) 410-0041
Listing office Emprise Realty Group, LLC 4323 S Buffalo St., Orchard Park, NY (716) 662-9200
Listing date Jun 2, 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.
The property includes off-street parking for one car and a backyard space. Newer mechanicals are noted, and the current rents include water/sewer only. All showing requests require a minimum 24 hours’ notice.
Located in South Buffalo’s South Park neighborhood, the home is positioned for convenient access to the Mercy Hospital campus, downtown Buffalo, shopping, schools, restaurants, and parks.
Key Highlights
- Up‑and‑down duplex with 3 bedrooms and 1 full bathroom in each apartment
- Lower unit kitchen and bathroom have been updated; long‑term tenants in place
- Upper unit features hardwood floors and natural woodwork and has a lease through April 2028
Local Financial Insights For Apartment 5plus
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 | $44.0k | $17.40 |
| − Vacancy | −$2.0k | −$0.78 |
| EGI | $42.0k | $16.62 |
| − OpEx | −$18.9k | −$7.48 |
| NOI | $23.1k | $9.14 |
