Two-Family Residential Income
1203 Eggert Road Buffalo, NY 14226
New
1203 Eggert Road, Buffalo, NY, 14226
$325,000
For Sale
$325,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,776 SF
Lot Size0.14 Acres
Price / SF$182
Days on Market3
Property Features for 1203 Eggert Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 4
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 142289-079-080-0001-044-000
- Size
- 1,776 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5847
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1942
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Tile, Varies
- Building materials
- AluminumSiding, Brick, Frame, CopperPlumbing
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing Agency
J Lawrence Realty
(716) 564-1618
2201 George Urban Blvd, Depew, NY
Listed by
Amy Carrol · License #10301220053
(716) 523-4724
Added: Jul 15 Checked: Jul 17 at 2:06 pm
MLS# B1698123
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 updated two-family residence offers two spacious units with large living rooms, eat-in kitchens, two bedrooms, and one full bath each. Both kitchens have been updated, with the first-floor kitchen featuring luxury vinyl plank flooring and stainless steel appliances, and the second-floor kitchen featuring tile flooring. Renovations also include updated bathrooms with new vanities, tiled floors, and tiled tub surrounds, along with newer vinyl windows, fresh paint, and newer carpeting in both units. The property includes updated electrical (2019), two hot water tanks (2018), and two furnaces that have been regularly serviced. Each apartment has its own private washer and dryer in the basement. The roof was replaced within the last 10 years.
The home sits on a 2-car detached garage and is described as being just minutes from downtown Buffalo, the University at Buffalo, shopping, restaurants, and major conveniences.
The layout is configured for dual occupancy, with separate in-unit laundry and updated interior finishes across both floors, supported by the property’s stated mechanical and electrical improvements.
The home sits on a 2-car detached garage and is described as being just minutes from downtown Buffalo, the University at Buffalo, shopping, restaurants, and major conveniences.
The layout is configured for dual occupancy, with separate in-unit laundry and updated interior finishes across both floors, supported by the property’s stated mechanical and electrical improvements.
Key Highlights
- Updated 2‑family home (double) built in 1942 with 2 bedrooms and 1 full bath per unit
- Kitchen updates in both units: first‑floor kitchen with luxury vinyl plank flooring and newer stainless steel appliances; second‑floor kitchen with tile flooring
- Renovated bathrooms in both units with new vanities, tiled floors, and tiled tub surrounds
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 | $26.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.2k | $14.17 |
| − OpEx | −$7.6k | −$4.25 |
| NOI | $17.6k | $9.92 |
1,776 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,896 @ 7.0% cap · market cap 9.20%
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 - Updated two-family home with two bedrooms and full bath in each unit, plus separate basement washer and dryer hookups.
Where is this duplex located?
The property is located at 1203 Eggert Road Buffalo, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Updated 2‑family home (double) built in 1942 with 2 bedrooms and 1 full bath per unit; Kitchen updates in both units: first‑floor kitchen with luxury vinyl plank flooring and newer stainless steel appliances; second‑floor kitchen with tile flooring; Renovated bathrooms in both units with new vanities, tiled floors, and tiled tub surrounds
