Turnkey Two-Unit Residential
120 Johnson Park, Buffalo, NY 14201
New
MULTI_FAMILY - Other - Buffalo, NY
Property size:
2,164 SFLot size:
0.03 AcresPrice / SF:
$184/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 7:06 pm
Property Features for 120 Johnson Park
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 2
- Parking features
- On Street
- Window features
- Skylight(s)
- Interior features
- CeilingFans, Skylights
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- 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
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1866
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Varies, Hardwood
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Melissa Ann Liberatore License #10401271191 (716) 218-0488
Listing office Keller Williams Realty Lancaster 3400 Southwestern Blvd., Elma, NY (716) 324-2300
Listing date Jun 2, 2026
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.
HighLights
- Completely rebuilt two‑unit property in Downtown Buffalo, built in 1866 with brick construction
- Front unit: 2 bedrooms, 1.5 baths, hardwood floors, vaulted ceilings, oversized windows, decorative fireplace
- Front unit kitchen features granite countertops and stainless steel appliances
- Rear unit: 1.5 bedrooms and 1.5 baths with hardwood floors, skylights, quartzite countertops, and stainless appliances
- Separate basements with private laundry and storage for each unit
- Updates include central air, forced‑air natural gas heating, updated windows, and shingle roof
Overview
This chic, fully rebuilt two-unit property offers turnkey residential income with modern finishes throughout. The front residence features two spacious bedrooms, 1.5 baths, hardwood floors, vaulted ceilings, oversized windows for abundant natural light, and a decorative fireplace. Its open-concept living area flows into an updated kitchen with granite countertops, stainless steel appliances, and ample cabinetry. The rear unit is similarly appointed with hardwood floors, skylights, quartzite countertops, and stainless appliances, with 1.5 bedrooms and 1.5 baths. Separate basements provide private laundry and storage for each unit, supporting comfortable, independent day-to-day living. Updates include Anderson windows, HVAC, and refinished hardwoods.
Located in the heart of downtown Buffalo, the property is positioned near the theater district as well as shopping, dining, and entertainment options. The address is 120 Johnson Park, Buffalo, NY 14201.
The configuration and condition make this a strong fit for owner-occupants seeking a renovated home with rental income potential, as well as investors looking for a turnkey two-unit asset. With both units updated and each having its own basement laundry and storage, it supports a practical leasing and operating model while offering the appeal of an urban location.
Located in the heart of downtown Buffalo, the property is positioned near the theater district as well as shopping, dining, and entertainment options. The address is 120 Johnson Park, Buffalo, NY 14201.
The configuration and condition make this a strong fit for owner-occupants seeking a renovated home with rental income potential, as well as investors looking for a turnkey two-unit asset. With both units updated and each having its own basement laundry and storage, it supports a practical leasing and operating model while offering the appeal of an urban location.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.880528
- Latitude
- 42.893098
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Completely rebuilt duplex with renovated interiors, private laundry/storage, and separate basement spaces 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 two‑unit property in Downtown Buffalo, built in 1866 with brick construction; Front unit: 2 bedrooms, 1.5 baths, hardwood floors, vaulted ceilings, oversized windows, decorative fireplace; Front unit kitchen features granite countertops and stainless steel appliances
