Two-Unit Residential Income
112 Carmel Road Buffalo, NY 14214
New
112 Carmel Road, Buffalo, NY, 14214
$399,900
For Sale
$399,900
MULTI_FAMILY - Buffalo, NY
Property Size2,969 SF
Lot Size0.12 Acres
Price / SF$134.69
Days on Market2
Property Features for 112 Carmel Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-078-600-0005-015-000
- Size
- 2,969 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4334
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
- Laminate, Hardwood, Tile, Varies, Vinyl
- Building materials
- AluminumSiding, VinylSiding
- Roof type
- Shingle
Listing Agency
WNY Metro Roberts Realty
(716) 662-0449
4124 N Buffalo St, cheektowaga, NY
Listed by
Alicia Wittman · License #10301219240
(716) 239-9001
Added: Jul 17 Checked: Jul 18 at 1:06 am
MLS# B1694334
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.
Investment Insights
Based on property information with market context.
112 Carmel Road is a two-unit duplex built in the 1920s, offering separate apartment layouts within a total of 14 rooms. The property is configured as one 3-bedroom, 2-bath unit and one 2-bedroom, 1-bath unit. Updates and features include forced-air heating, stainless steel appliances included in both units, vinyl siding, modern electrical boxes, and a basement that was waterproofed in 2022.
Recent exterior and interior improvements include a complete tear-off roof in 2017. The lower unit has central air, an in-unit laundry room with washer and dryer, and a lower kitchen with granite countertops and luxury plank flooring. The first-floor bathroom includes a tiled shower, jacuzzi tub, and tile flooring. The upper unit has hardwood floors refinished in 2022, and a kitchen with newer cabinets and granite countertops, along with luxury plank flooring installed in 2022.
Additional items include a large backyard deck and modern furnaces serving both units.
Recent exterior and interior improvements include a complete tear-off roof in 2017. The lower unit has central air, an in-unit laundry room with washer and dryer, and a lower kitchen with granite countertops and luxury plank flooring. The first-floor bathroom includes a tiled shower, jacuzzi tub, and tile flooring. The upper unit has hardwood floors refinished in 2022, and a kitchen with newer cabinets and granite countertops, along with luxury plank flooring installed in 2022.
Additional items include a large backyard deck and modern furnaces serving both units.
Key Highlights
- 1920 double with 2 units totaling 2,969 sq. ft. and 14 rooms
- Unit mix: 1x 3‑bed/2‑bath and 1x 2‑bed/1‑bath
- Forced air heating and natural gas; both units have modern furnaces and 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 | $44.5k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $42.1k | $14.17 |
| − OpEx | −$12.6k | −$4.25 |
| NOI | $29.5k | $9.92 |
2,969 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$387.6K
$339.2K – $452.3K
NOI $27,135 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$714.0K
$624.7K – $833.0K
NOI $49,979 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A 1920s duplex with two apartments, including forced-air heating, vinyl siding, and updated roofing and systems.
Where is this duplex located?
The property is located at 112 Carmel Road Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1920 double with 2 units totaling 2,969 sq. ft. and 14 rooms; Unit mix: 1x 3‑bed/2‑bath and 1x 2‑bed/1‑bath; Forced air heating and natural gas; both units have modern furnaces and gas water heater
