Renovated Duplex with In-Unit
114 Lombard Street Buffalo, NY 14212
114 Lombard Street, Buffalo, NY, 14212
$245,900
For Sale
$245,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,809 SF
Lot Size0.23 Acres
Price / SF$135.93
Days on Market48
Property Features for 114 Lombard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- On Street
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-111-520-0005-009-100
- Size
- 1,809 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 657
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
WNY Metro Roberts Realty
(716) 668-2500
4721 Transit Road Suite 18, cheektowaga, NY
Listed by
Ruth Ann Gardner · License #30GA0653668
(716) 870-4915
Added: Jun 1 Checked: Jul 18 at 9:06 am
MLS# B1686426
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.
This turn-key duplex offers a spacious 7-bedroom, 3-bath layout across two units, with front and rear configurations. Both units include a laundry area. The home has been completely renovated with new high-quality materials, including new furnaces, new hot water tanks, updated electrical and lighting, and new windows, doors, and siding. A complete tear-off roof was completed within the past month. The front unit is tenant occupied, while the rear unit is vacant for easier showings, with appointment verification required for the front unit. The property also features a front covered porch.
The lot is described as a huge, rare size and includes three parcels that have been combined on one survey. There is a 16-by-30 cement pad with a footer for a garage if an owner chooses to build one.
This property can support a variety of residential income goals, while also fitting an owner-occupant plan due to the duplex structure and vacant rear unit for showings. The recent renovations and replacement of major building systems are intended to reduce near-term maintenance and turnover work. Showings are available for the rear unit, and appointments for the tenant-occupied front unit must be coordinated with the owner and tenant.
The lot is described as a huge, rare size and includes three parcels that have been combined on one survey. There is a 16-by-30 cement pad with a footer for a garage if an owner chooses to build one.
This property can support a variety of residential income goals, while also fitting an owner-occupant plan due to the duplex structure and vacant rear unit for showings. The recent renovations and replacement of major building systems are intended to reduce near-term maintenance and turnover work. Showings are available for the rear unit, and appointments for the tenant-occupied front unit must be coordinated with the owner and tenant.
Key Highlights
- 7‑bed, 3‑bath duplex at 114 Lombard St in Buffalo with front and rear units
- Renovations include new furnaces, new hot water tanks, updated electric and lighting, plus new windows, doors, and siding
- Complete tear‑off roof completed within the past month; roof is asphalt
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 | $27.1k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.6k | $14.17 |
| − OpEx | −$7.7k | −$4.25 |
| NOI | $17.9k | $9.92 |
1,809 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,533 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$435.0K
$380.7K – $507.5K
NOI $30,452 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turn-key renovated duplex with front and rear units and dedicated laundry areas in each unit.
Where is this duplex located?
The property is located at 114 Lombard Street Buffalo, NY.
What is the asking price?
The asking price for this property is $245,900.
What are key features of this property?
This property features: 7‑bed, 3‑bath duplex at 114 Lombard St in Buffalo with front and rear units; Renovations include new furnaces, new hot water tanks, updated electric and lighting, plus new windows, doors, and siding; Complete tear‑off roof completed within the past month; roof is asphalt
