16 N Park Avenue, Buffalo, NY 14216
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 6:06 pm
Property Features for 16 N Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Exterior features
- Awnings
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-078-730-0004-024-000
- Size
- 2,961 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3619
Utilities
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Laminate, Tile, Varies
- Building materials
- AluminumSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Donald P LeDonne License #10401304866 (716) 861-7515
Listing office MJ Peterson Real Estate Inc. 200 John James Audubon Ste 101, NY (716) 689-7800
Listing date Jun 24, 2026
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
- Classic North Buffalo double with 2 units, each featuring 3 bedrooms and 1 full bathroom
- Lower unit is occupied by a long‑term tenant for immediate rental income
- Upper unit is move‑in ready with an updated bathroom, brand new carpeting, and fresh paint throughout
- Updates include a full tear‑off roof, vinyl windows, undated electrical panels, and 1 brand new boiler
- Fireplace and hardwood, laminate, and tile flooring included
- Natural gas heat with baseboard and hot water heating; gas water heater; public water
Overview
The property is listed in Buffalo’s 14216 area, with the public remarks noting a short walk to shopping, restaurants, and entertainment along Hertel Avenue. An open house is scheduled for Saturday (6/27) from 10:00 am to 12:00 pm, with showings of the lower unit to begin at the open house.
For an owner-occupant or investor, this configuration can support either living in one unit while renting the other or operating the full duplex. With one unit positioned as move-in ready and major exterior and mechanical updates called out in the remarks, the property presents a straightforward fit for buyers seeking a residential income duplex with clear, in-place unit separation.
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 | $44.4k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $42.0k | $14.17 |
| − OpEx | −$12.6k | −$4.25 |
| NOI | $29.4k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.856272
- Latitude
- 42.945041
