North Buffalo Multi-Unit Income
121 Fordham, Buffalo, NY 14216
New
Multi-Unit (2-4), Contemporary - Buffalo, NY
Property size:
4,022 SFPrice / SF:
$128/SF- Added:
- May 10, 2026
- Days on Market:
- 7
- Last Refresh:
- May 16 at 8:06 am
Property Features for 121 Fordham
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
- Parking features
- Garage, Garage - Detached
- Appliances
- Dishwasher, Refrigerator, Washer
- Standard status
- Active
- Size
- 4,022 SF
Taxes and HOA fees
- Tax Annual Amount
- 6856
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1922
- Year renovated
- 1922
- Floors in Building
- 3
- Flooring type
- Carpet, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Contemporary
Listing agent Matt Quagliano (716) 471-9266
Listing office BUFFALO HOME SELLERS LLC 140 W HUMBOLDT PKWY, Buffalo, NY (716) 471-9266
Listing date May 10, 2026
MLS# 11741825
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Large, bright first‑floor owner's unit with epic living room, formal dining room, fireplace, and restored oak floors.
- Well‑maintained 1920s double in Park Meadow with a younger roof and recent exterior siding.
- Bright second‑floor three‑bedroom rental unit with balcony in equally good condition.
- Three great‑sized bedrooms in the owner's unit, including a primary bedroom with a wall of closets and a half bathroom.
- Separate, modern heating, hot water, and electric in the tall, dry basement.
- Garage and concrete driveway.
Overview
Located in North Buffalo, this stately double, built in the 1920s, is situated in Park Meadow. The property features a newer roof, recent exterior siding, a concrete driveway, a multi-level deck, and a garage. The first-floor owner's unit includes a living room that opens to a formal dining room, walls, ceilings, classic moldings and woodwork, arched windows, a fireplace, and restored oak floors. The kitchen features light wood cabinets, counter space, and appliances. Three bedrooms include a primary room with a wall of closets and a half bathroom. The second floor features a three-bedroom rental unit with a balcony. A third-floor studio includes two rooms and a modern bathroom. The property has a tall, dry basement with separate heating, hot water, and electric. The property size is 4,022 square feet and the lot size is 0 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$443.4K
NOI $39,908 @ 9.00% cap · cautious / downside scenario
Moderate
$570.1K
NOI $39,908 @ 7.00% cap · market / base-case scenario
Aggressive
$798.2K
NOI $39,908 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $15.00 |
| − Vacancy | −$3.3k | −$0.83 |
| EGI | $57.0k | $14.17 |
| − OpEx | −$17.1k | −$4.25 |
| NOI | $39.9k | $9.92 |
4,022 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$570.1K
$498.9K – $665.1K
NOI $39,908 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.6K
NOI $36,758 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$967.2K
$846.3K – $1.13M
NOI $67,705 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.877035
- Latitude
- 42.938965
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Stately 1920s double in North Buffalo's Park Meadow.
Where is this duplex located?
The property is located at 121 Fordham Buffalo, NY.
What is the asking price?
The asking price for this property is $515,900.
What are key features of this property?
This property features: Large, bright first‑floor owner's unit with epic living room, formal dining room, fireplace, and restored oak floors.; Well‑maintained 1920s double in Park Meadow with a younger roof and recent exterior siding.; Bright second‑floor three‑bedroom rental unit with balcony in equally good condition.
