Two-Family Residential Income
163 Landon Street Buffalo, NY 14208
For Sale
$219,000
MULTI_FAMILY - Buffalo, NY
Property Size2,184 SF
Lot Size0.17 Acres
Price / SF$100.27
Days on Market59
Property Features for 163 Landon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1
Appliances
GasWaterHeater
Standard status
Active
APN
140200-100-510-0002-001-100
Size
2,184 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
1097
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies
Building materials
VinylSiding
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Shirajum Monira · License #10401363530
(929) 326-4912
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 29 at 4:06PM
MLS# B1686333
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 two-family duplex totals 6 bedrooms and 2 full bathrooms, arranged as two similar units. Each unit includes three generously sized bedrooms, one full bathroom, a bright living room, a formal dining room, and a functional kitchen. A full basement adds additional storage space, and the property also features off-street parking and a spacious side yard for outdoor use.
The home is located at 163 Landon Street in Buffalo, NY 14208. It is described as conveniently positioned near parks, shopping, restaurants, schools, and major commuter routes, supporting everyday accessibility for residents. Both units are currently tenant-occupied.
For buyers seeking a straightforward rental setup, the tenant-occupied status may appeal for immediate income expectations. The configuration also offers flexibility for different owner-occupant and investor strategies, including living in one unit while renting the other. With two full residential layouts already in place and supporting amenities like basement storage, off-street parking, and a side yard, this property can fit buyers looking for a manageable, self-contained multi-family asset.
The home is located at 163 Landon Street in Buffalo, NY 14208. It is described as conveniently positioned near parks, shopping, restaurants, schools, and major commuter routes, supporting everyday accessibility for residents. Both units are currently tenant-occupied.
For buyers seeking a straightforward rental setup, the tenant-occupied status may appeal for immediate income expectations. The configuration also offers flexibility for different owner-occupant and investor strategies, including living in one unit while renting the other. With two full residential layouts already in place and supporting amenities like basement storage, off-street parking, and a side yard, this property can fit buyers looking for a manageable, self-contained multi-family asset.
Key Highlights
- 2‑family home with 6 total bedrooms and 2 full bathrooms (each unit has 3 bedrooms and 1 full bath)
- Both units are currently tenant‑occupied, providing immediate rental income potential
- Each unit includes a bright living room, formal dining room, and a functional kitchen
Financial Insights For Apartment 5plus
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 | $38.0k | $17.40 |
| − Vacancy | −$1.7k | −$0.78 |
| EGI | $36.3k | $16.62 |
| − OpEx | −$16.3k | −$7.48 |
| NOI | $20.0k | $9.14 |
2,184 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,671 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$285.1K
$249.5K – $332.7K
NOI $19,960 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K
NOI $36,765 @ 7.0% cap · market cap 16.79%
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 - Two-unit duplex with full basement, off-street parking, and side yard; both units tenant-occupied.
Where is this duplex located?
The property is located at 163 Landon Street Buffalo, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 2‑family home with 6 total bedrooms and 2 full bathrooms (each unit has 3 bedrooms and 1 full bath); Both units are currently tenant‑occupied, providing immediate rental income potential; Each unit includes a bright living room, formal dining room, and a functional kitchen
