Two-Family Residential Income
175 Vern Lane Buffalo, NY 14227
New
175 Vern Lane, Buffalo, NY, 14227
$429,000
For Sale
$429,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,288 SF
Lot Size0.17 Acres
Price / SF$187.50
Days on Market6
Property Features for 175 Vern Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Basement, Bedroom 5, Bathroom 2, Bathroom 1
- Parking features
- Garage
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater, WaterHeater
- Standard status
- Active
- APN
- 143089-113-080-0003-025-000
- Size
- 2,288 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7306
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Marble, Varies, Vinyl, Tile
- Building materials
- Brick, Stone, WoodSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
WNY Metro Roberts Realty
(716) 891-1710
960 Center Rd, cheektowaga, NY
Listed by
Suhel Ahmed · License #10401361723
(716) 750-6319
Added: Jul 13 Checked: Jul 18 at 5:06 am
MLS# B1698064
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.
Investment Insights
Based on property information with market context.
This well-maintained two-family home includes two spacious units with a total of six bedrooms and two full bathrooms. Each unit offers a functional layout with generous living space and natural light. The property also features a full basement that provides ample storage and additional potential.
Located near schools, shopping, restaurants, and public transportation, the home offers convenient day-to-day access to local amenities.
With two separate residential units, this property can serve as an owner-occupied residence or an income-producing rental setup, depending on how you plan to use it.
Located near schools, shopping, restaurants, and public transportation, the home offers convenient day-to-day access to local amenities.
With two separate residential units, this property can serve as an owner-occupied residence or an income-producing rental setup, depending on how you plan to use it.
Key Highlights
- Well‑maintained 2‑family home at 175 Vern Ln with 6 bedrooms and 2 full bathrooms total
- Full basement adds additional storage and extra space
- Central air and forced‑air heating with natural gas
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 | $34.3k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $32.4k | $14.17 |
| − OpEx | −$9.7k | −$4.25 |
| NOI | $22.7k | $9.92 |
2,288 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$550.2K
$481.4K – $641.9K
NOI $38,515 @ 7.0% cap · market cap 8.98%
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 - Well-maintained two-unit home offering six bedrooms, two full bathrooms, and a full basement for storage.
Where is this duplex located?
The property is located at 175 Vern Lane Buffalo, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home at 175 Vern Ln with 6 bedrooms and 2 full bathrooms total; Full basement adds additional storage and extra space; Central air and forced‑air heating with natural gas
