Turnkey Two-Unit Residential
120 Johnson Park Buffalo, NY 14201
120 Johnson Park, Buffalo, NY, 14201
$399,900
Pending
For Sale
$399,900
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,164 SF
Lot Size0.03 Acres
Days on Market47
Property Features for 120 Johnson Park
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement, Bathroom 2
- Parking features
- On Street
- Window features
- Skylight(s)
- Interior features
- CeilingFans, Skylights
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-111-290-0009-015-000
- Size
- 2,164 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3398
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1866
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies, Tile
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty Lancaster
(716) 324-2300
3400 Southwestern Blvd., Elma, NY
Listed by
Melissa Ann Liberatore · License #10401271191
(716) 218-0488
Added: Jun 2 Checked: Jul 18 at 2:06 am
MLS# B1685973
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 two-unit residential income property has been completely rebuilt and renovated throughout. The front residence offers two bedrooms and 1.5 baths, with hardwood floors, vaulted ceilings, and oversized windows that bring in abundant natural light. The living space opens to an updated kitchen featuring granite countertops, stainless steel appliances, and ample cabinetry, while a decorative fireplace adds a focal point. The rear unit also features hardwood floors and includes skylights, a gas fireplace, and a kitchen with quartzite countertops and stainless appliances. Each unit has its own 1.5-bath configuration, and both include functional closet space and updated finishes designed for everyday comfort.
The property is located in the heart of Downtown Buffalo, with access to the area’s theater district, shopping, dining, entertainment, and other downtown attractions.
With separate basements providing private laundry and storage for each unit, the layout supports owner-occupancy with income potential or a straightforward rental setup. Renovations include updated Anderson windows, HVAC, and hardwood flooring, helping reduce near-term capital concerns while maintaining a turnkey presentation for tenants or buyers.
The property is located in the heart of Downtown Buffalo, with access to the area’s theater district, shopping, dining, entertainment, and other downtown attractions.
With separate basements providing private laundry and storage for each unit, the layout supports owner-occupancy with income potential or a straightforward rental setup. Renovations include updated Anderson windows, HVAC, and hardwood flooring, helping reduce near-term capital concerns while maintaining a turnkey presentation for tenants or buyers.
Key Highlights
- Completely rebuilt 2‑unit property in Downtown Buffalo (front and rear residences) built in 1866
- Front unit: 2 bedrooms, 1.5 baths, hardwood floors, vaulted ceilings, oversized windows, decorative fireplace
- Front kitchen features granite countertops and stainless steel appliances
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 | $32.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $30.7k | $14.17 |
| − OpEx | −$9.2k | −$4.25 |
| NOI | $21.5k | $9.92 |
2,164 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.4K – $357.9K
NOI $21,472 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,778 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$520.4K
$455.4K – $607.1K
NOI $36,428 @ 7.0% cap · market cap 9.11%
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 - Completely rebuilt two-unit property with updated systems and private laundry/storage for each unit.
Where is this duplex located?
The property is located at 120 Johnson Park 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: Completely rebuilt 2‑unit property in Downtown Buffalo (front and rear residences) built in 1866; Front unit: 2 bedrooms, 1.5 baths, hardwood floors, vaulted ceilings, oversized windows, decorative fireplace; Front kitchen features granite countertops and stainless steel appliances
