Spacious Two-Family Residence in
143 Oakland Place Buffalo, NY 14222
143 Oakland Place, Buffalo, NY, 14222
$749,900
For Sale
$749,900
Impressive, updated 2-family home with separate utilities and modern amenities.
Property Size4,070 SF
Price / SF$184.25
Days on Market79
Property Features for 143 Oakland Place
General Information
- Standard status
- Active
- Size
- 4,070 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency
Gurney Becker & Bourne
(716) 603-0200
Listed by
Robert Meredith · License #10311200417
(716) 603-0200
Source
Xome
Added: Apr 30 Checked: Jul 16 at 6:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gurney Becker & Bourne
Investment Insights
Based on property information with market context.
This impressive 2-family residence offers over 4,000 sq ft of living space, blending historic charm with thoughtful modern updates. Ideal for owner-occupants or investors, each unit features separate utilities and extensive upgrades throughout. The lower unit includes 2 bedrooms and 1 full bath, highlighted by oak hardwood floors, decorative fireplaces, a bright front sunroom, and a versatile den with custom built-ins. The updated kitchen boasts solid surface countertops and a full appliance package, while the finished lower-level family room adds valuable living and entertaining space. The upper unit spans two full floors and has received multiple renovations, featuring refinished hardwood floors, fresh paint, new carpeting, and a brand-new kitchen with recessed lights, granite countertops and tile backsplash. Offering 6 bedrooms and 3 full baths, this expansive unit is perfect for extended living or strong rental income potential. Additional features include multiple decorative fireplaces, a den, two private exterior porches, and central air conditioning. Recent property improvements include updated electrical service and two newer boilers (2022 & 2025). Exterior highlights include a new roof in 2019, fully fenced yard with stamped concrete patio, a 1-car garage, and ample off-street parking. It is located in one of Buffalo’s most desirable neighborhoods.
Key Highlights
- Two‑family residence with over 4,000 sq ft, ideal for owner‑occupancy or investment with separate utilities.
- Upper unit: 6 bedrooms, 3 full baths, renovated kitchen with granite countertops, and central air conditioning.
- Recent updates: New roof (2019), updated electrical service, and two newer boilers (2022 & 2025).
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 | $61.1k | $15.00 |
| − Vacancy | −$3.4k | −$0.83 |
| EGI | $57.7k | $14.17 |
| − OpEx | −$17.3k | −$4.25 |
| NOI | $40.4k | $9.92 |
4,070 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.9K
$504.8K – $673.1K
NOI $40,385 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$531.4K
$465.0K – $620.0K
NOI $37,197 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 9.14%
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 - Impressive, updated 2-family home with separate utilities and modern amenities.
Where is this duplex located?
The property is located at 143 Oakland Place Buffalo, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑family residence with over 4,000 sq ft, ideal for owner‑occupancy or investment with separate utilities.; Upper unit: **6 bedrooms, 3 full baths, renovated kitchen with granite countertops, and central air conditioning.**; Recent updates: New roof (2019), updated electrical service, and two newer boilers (2022 & 2025).
