Two-Unit Residential Income
1294 George Urban Boulevard Buffalo, NY 14225
New
For Sale
$329,900
MULTI_FAMILY - Buffalo, NY
Property Size2,464 SF
Lot Size0.13 Acres
Price / SF$133.89
Days on Market2
Property Features for 1294 George Urban Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Appliances
GasWaterHeater
Standard status
Active
APN
143089-103-050-0002-052-000
Size
2,464 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7004
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1952
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Hardwood, Varies
Building materials
Brick, VinylSiding
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Theodore N Gogos · License #10301224223
(716) 345-0437
Added: Jul 28
Last Checked: Jul 29 at 7:06PM
MLS# B1701583
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 duplex offers two separate residential units, each with three bedrooms and one bathroom. The lower unit is owner-occupied and will be vacant at closing, while the second-floor unit is currently tenant occupied. Updates have been made across both units, including an updated eat-in kitchen in the lower unit earlier this year and fresh paint and flooring throughout, along with other upgrades completed over the past couple of years.
The property includes off-street parking, a full basement, and a 2-car garage, supporting practical day-to-day use and additional storage. Lot size is listed at 0.13 acres.
The tenant-occupied unit is described as paying $1,300 per month and is noted as paying on time. Showings are limited to the scheduled open houses only unless confirmed by the listing agent.
The property includes off-street parking, a full basement, and a 2-car garage, supporting practical day-to-day use and additional storage. Lot size is listed at 0.13 acres.
The tenant-occupied unit is described as paying $1,300 per month and is noted as paying on time. Showings are limited to the scheduled open houses only unless confirmed by the listing agent.
Key Highlights
- Cheektowaga mult‑family built in 1952 with 2 units and a full basement
- Owner‑occupied lower unit: 3 beds, 1 bath (will be vacant at closing)
- Upper unit: 3 beds, 1 bath, currently tenant occupied and paying $1,300/month
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 | $37.0k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $34.9k | $14.17 |
| − OpEx | −$10.5k | −$4.25 |
| NOI | $24.4k | $9.92 |
2,464 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,519 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$592.5K
$518.5K – $691.3K
NOI $41,478 @ 7.0% cap · market cap 12.57%
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 - Well-maintained duplex with two 3-bedroom, 1-bath units, off-street parking, full basement, and a 2-car garage.
Where is this duplex located?
The property is located at 1294 George Urban Boulevard 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: Cheektowaga mult‑family built in 1952 with 2 units and a full basement; Owner‑occupied lower unit: 3 beds, 1 bath (will be vacant at closing); Upper unit: 3 beds, 1 bath, currently tenant occupied and paying $1,300/month
