Two-Family Residential Income
121 Arden Avenue Buffalo, NY 14215
For Sale
$269,900
MULTI_FAMILY - Buffalo, NY
Property Size1,994 SF
Lot Size0.10 Acres
Price / SF$135.36
Days on Market9
Property Features for 121 Arden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage
Appliances
GasWaterHeater
Standard status
Active
APN
140200-090-730-0002-009-000
Size
1,994 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
2078
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Varies, Hardwood, Carpet
Building materials
Brick, VinylSiding
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Mohammad H Rahman · License #10401292662
(585) 689-1726
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 29 at 4:06PM
MLS# B1700666
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 well-maintained, move-in-ready two-family home offers four bedrooms and two full baths, along with a full basement and a detached two-car garage. The property has two active electric meters and one gas meter, with room to add another gas meter if desired. The home previously operated as a single-family setup by converting the HVAC to a single furnace, and that configuration has been maintained by the current owner.
The property is located at 121 Arden Avenue in Buffalo, New York 14215, within Erie County.
With its two-family residential income structure, full basement, and detached garage, the layout is suited for tenants looking for established space within a maintained residential building.
The property is located at 121 Arden Avenue in Buffalo, New York 14215, within Erie County.
With its two-family residential income structure, full basement, and detached garage, the layout is suited for tenants looking for established space within a maintained residential building.
Key Highlights
- Two‑family home built in 1930 with 4 bedrooms and 2 full baths
- Full basement plus detached 2‑car garage
- Utilities include two active electric meters and one gas meter
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 | $29.9k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $28.3k | $14.17 |
| − OpEx | −$8.5k | −$4.25 |
| NOI | $19.8k | $9.92 |
1,994 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,224 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready two-family home with four bedrooms, two full baths, a full basement, and a detached two-car garage.
Where is this duplex located?
The property is located at 121 Arden Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑family home built in 1930 with 4 bedrooms and 2 full baths; Full basement plus detached 2‑car garage; Utilities include two active electric meters and one gas meter
