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    Well-Maintained Two-Family Home Title is generated by Realmo AI

    121 Wanda Avenue, Buffalo, NY 14211

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    Claim this Listing
    Pending
    $329,900

    MULTI_FAMILY - Buffalo, NY

    Property size:
    2,368 SF
    Lot size:
    0.19 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 14 at 7:06 am

    Property Features for 121 Wanda Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bedroom 1, Bathroom 1
    Parking features
    Garage, Open
    Interior features
    CeilingFans
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    143089-102-460-0001-033-000
    Size
    2,368 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7012

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Varies, Hardwood, Carpet
    Building materials
    AluminumSiding, Brick

    We can help!

    Listing Contact
    G. Michael Liska

    Listing agent G. Michael Liska License #10301203520

    Listing office MJ Peterson Real Estate Inc. 431 Delaware Avenue, NY

    Listing date Apr 18, 2026

    MLS# B1672018 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

    • Move‑in ready condition with freshly painted units and refinished hardwood floors.
    • Two newer furnaces with central A/C and replaced electric panels.
    • Oversized 2‑car garage.
    • Granite countertops and original cabinetry in large kitchens equipped with electric stove, refrigerator, and dishwasher in both units.
    • Well‑maintained, mostly brick, 2‑family home suitable for owner‑occupancy or investment.
    • Clean, dry, and freshly painted basement.

    Overview

    Located in Buffalo, New York, 121 Wanda Avenue is a well-maintained two-family home constructed primarily of brick, featuring an oversized two-car garage. The property, situated on a 0.19-acre lot, offers a total of 2368 square feet of living space. Both the lower and upper units have been freshly painted and are in move-in ready condition. Each unit includes a large kitchen equipped with an electric stove, refrigerator, and dishwasher, complemented by granite countertops and original cabinetry. The basement is clean, dry, and freshly painted. The property features two newer furnaces with central air conditioning, and the electric panels have been replaced. The roof is in excellent condition, having been replaced in 2008. The windows have been replaced, and a washer and dryer are included, shared between both units. The lower unit's hardwood floors have been refinished, and both the front and rear doors have been replaced. This property is suitable for either owner-occupancy or investment purposes.

    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 $35.5k $15.00
    − Vacancy −$2.0k −$0.83
    EGI $33.6k $14.17
    − OpEx −$10.1k −$4.25
    NOI $23.5k $9.92
    2,368 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $335.7K
    $293.7K – $391.6K (±1% cap)
    NOI $23,496 @ 7.0% cap · market cap 7.12%
    Second Best
    Apartment 5plus
    $309.2K
    $270.5K – $360.7K (±1% cap)
    NOI $21,642 @ 7.0% cap · market cap 6.56%
    Theoretical Best
    Office A
    $569.5K
    $498.3K – $664.4K (±1% cap)
    NOI $39,862 @ 7.0% cap · market cap 12.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.786828
    Latitude
    42.910857

    FAQs

    What type of property is this?
    Duplex - Move-in ready two-family home with oversized garage in Buffalo.
    Where is this duplex located?
    The property is located at 121 Wanda Avenue Buffalo, NY.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: Move‑in ready condition with freshly painted units and refinished hardwood floors.; Two newer furnaces with central A/C and replaced electric panels.; Oversized 2‑car garage.
    More about this property
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