Restored Allentown Residence: Income
543 Franklin Street, Buffalo, NY 14202
- Added:
- Feb 23, 2026
- Days on Market:
- 109
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 543 Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 4
- Parking features
- Garage
- Security features
- Security
- Patio and Porch features
- Porch, Patio
- Interior features
- CeilingFans
- Exterior features
- FullyFenced, Patio
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-100-700-0003-014-000
- Size
- 5,088 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6716
Utilities
- Heating system
- Hot Water(Heating), Steam, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Hardwood, Varies
- Building materials
- Brick, FiberCement, WoodSiding, CopperPlumbing
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Susan D Lenahan License #30LE1129135 (716) 864-6757
Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY (716) 819-4200
Listing date Feb 23, 2026
MLS# B1663338
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
- Meticulously restored 1852 Allentown residence blending historic grandeur with modern living.
- Versatile property: Stately single‑family home with in‑law apartment or two‑family income opportunity.
- Designer kitchen with quartz countertops, oversized island, walk‑in pantry, and custom cabinetry.
- Primary suite with spa‑inspired bath featuring steam shower and soaking tub, plus walk‑in closet.
- Private brick courtyard and rare stone sauna house.
- Premier walkable location near downtown, Theatre District, parks, and dining.
Overview
This iconic 1852 Allentown residence has been meticulously restored, blending historic grandeur with refined modern living. The property offers versatility as either a stately single-family home with an in-law apartment or a two-family income opportunity. The primary residence features a dramatic marble entry, soaring ceilings, hardwood floors, and an elegant formal living room with a gas fireplace, custom built-ins, and a chandelier. A wet bar with exposed brick anchors the entertaining spaces. The designer kitchen includes quartz countertops, an oversized island, and a walk-in pantry, opening to an expansive dining room with custom cabinetry. A sun-filled family room with a gas fireplace and glass doors leads to a private brick courtyard. The main level also includes an office/den with a brick accent wall and decorative fireplace, a half bath, and first-floor laundry. The primary suite features a spa-inspired bath with a steam shower and soaking tub, plus a walk-in closet. Two additional bedrooms, an updated full bath, and a second laundry area are also included. Outdoor amenities feature a fully fenced courtyard and a rare stone sauna house. The secondary residence includes a quartz kitchen, an exposed brick living room, two bedrooms, a full bath, and in-unit laundry. The property is situated in a premier walkable location near downtown, the Theatre District, parks, and dining. The lot size is 0.1699 acres and the property size is 5088 square feet.
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 | $76.3k | $15.00 |
| − Vacancy | −$4.2k | −$0.83 |
| EGI | $72.1k | $14.17 |
| − OpEx | −$21.6k | −$4.25 |
| NOI | $50.5k | $9.92 |
5,088 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$721.2K
$631.1K – $841.4K
NOI $50,486 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$664.3K
$581.3K – $775.0K
NOI $46,501 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Rolfing
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.871321
- Latitude
- 42.901138
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Meticulously restored 1852 Allentown residence offering versatile living options.
Where is this duplex located?
The property is located at 543 Franklin Street Buffalo, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Meticulously restored 1852 Allentown residence blending historic grandeur with modern living.; Versatile property: Stately single‑family home with in‑law apartment or two‑family income opportunity.; Designer kitchen with quartz countertops, oversized island, walk‑in pantry, and custom cabinetry.
