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Spacious North Buffalo Income Property

188 Norwalk Avenue, Buffalo, NY 14216

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Pending

$319,900

MULTI_FAMILY - Other - Buffalo, NY

Property size:

2,502 SF

Lot size:

0.17 Acres

HighLights

North Buffalo duplex built in 1915 with a 3‑bedroom lower unit and 2‑bedroom upper unit
Separate private entrances and front porches for each unit, with separate gas and electric utilities
Original hardwood flooring in much of the home plus multiple flooring types including vinyl, tile, and carpet
Two forced‑air furnaces installed in 2015; hot water tanks updated in 2019 and 2022
PEX and PVC plumbing update (2019), full attic and full basement with a newer sump pump
Roof replaced in 2009; all new vinyl windows in 2013–2014; fenced lot with private driveway garage parking

We can help!

Contact an agent

Adam Assad

Pending

$319,900

MULTI_FAMILY - Other - Buffalo, NY

Property size:

2,502 SF

Lot size:

0.17 Acres

Added:: May 13, 2026
Days on Market:: 54
Last Refresh:: Jul 5 at 11:06 pm

Property Features for 188 Norwalk Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Bathrooms: 2
Rooms: Bedroom 5, Bedroom 1, Basement, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2
Parking features: Garage
Patio and Porch features: Porch
Interior features: CeilingFans
Exterior features: Fence
Fencing: Fenced
Appliances: GasWaterHeater
Standard status: Pending
APN: 140200-078-650-0004-004-000
Size: 2,502 SF
Lot size: 0.17 Acres

Taxes and HOA fees

Tax Annual Amount: 4067

Utilities

Heating system: Forced Air, Natural Gas
Water source: Public

Building Details

Year built: 1915
Floors in Building: 2
Number of units: 2
Flooring type: Varies, Carpet, Vinyl, Hardwood, Tile
Building materials: Cedar, VinylSiding, WoodSiding, PexPlumbing
Roof type: Shingle, Asphalt
Architectural style: Other

We can help!

Contact an agent

Adam Assad

Listing agent Adam Assad License #10401382866

Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

Listing date May 13, 2026

MLS# B1676831 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.

HighLights

North Buffalo duplex built in 1915 with a 3‑bedroom lower unit and 2‑bedroom upper unit
Separate private entrances and front porches for each unit, with separate gas and electric utilities
Original hardwood flooring in much of the home plus multiple flooring types including vinyl, tile, and carpet
Two forced‑air furnaces installed in 2015; hot water tanks updated in 2019 and 2022
PEX and PVC plumbing update (2019), full attic and full basement with a newer sump pump
Roof replaced in 2009; all new vinyl windows in 2013–2014; fenced lot with private driveway garage parking

Overview

Located in North Buffalo, this duplex offers income potential and classic Buffalo charm. The property features a 3-bedroom lower unit and a 2-bedroom upper unit, each with separate private entrances and front porches. Both units have separate gas and electric utilities, and original hardwood flooring. The upper unit has been updated with modern touches while preserving its original character. Both apartments offer functional layouts and generous living space. Additional features include two forced air furnaces (2015), two hot water tanks (2019 and 2022), breaker panels with separate electric service, a full attic, and a full basement with a newer sump pump. PEX and PVC plumbing was installed in 2019. The roof was replaced in 2009, and new gutters are planned for 2026. New vinyl windows were installed in 2013 and 2014. The property is situated on a partially fenced lot with private driveway parking. It is located minutes from Hertel Avenue, Delaware Park, shops, restaurants, and local amenities. The property is suitable for investors and owner-occupants seeking rental income.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.5k	$15.00
− Vacancy	−$2.1k	−$0.83
EGI	$35.5k	$14.17
− OpEx	−$10.6k	−$4.25
NOI	$24.8k	$9.92

2,502 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$354.7K

$310.3K – $413.8K (±1% cap)

NOI $24,826 @ 7.0% cap · market cap 7.76%

Second Best

Apartment 5plus

$326.7K

$285.8K – $381.1K (±1% cap)

NOI $22,867 @ 7.0% cap · market cap 7.15%

Theoretical Best

Office A

$601.7K

$526.5K – $702.0K (±1% cap)

NOI $42,118 @ 7.0% cap · market cap 13.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Buffalo
County: Erie
State: New York
Longitude: -78.854819
Latitude: 42.949785

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For sale
Duplexes
NY
Buffalo
14216
188 Norwalk Avenue

What type of property is this?

Duplex - Well-maintained duplex in North Buffalo with strong income potential.

Where is this duplex located?

The property is located at 188 Norwalk Avenue Buffalo, NY.

What is the asking price?

The asking price for this property is $319,900.

What are key features of this property?

This property features: North Buffalo duplex built in 1915 with a 3‑bedroom lower unit and 2‑bedroom upper unit; Separate private entrances and front porches for each unit, with separate gas and electric utilities; Original hardwood flooring in much of the home plus multiple flooring types including vinyl, tile, and carpet

188 Norwalk Avenue, Buffalo, NY 14216

MULTI_FAMILY - Other - Buffalo, NY

Property Features for 188 Norwalk Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Office/Warehouse with Drive-In Doors

Multi-Unit Office Building with Pylon Signage

Brick Live-Work Building with Apartment

Five-Unit Mixed-Use Building

Freestanding Auto Repair Shop

Turnkey Restaurant on Main Street

Four-Unit Brick Apartment Building

Versatile Commercial Building in Buffalo

Restaurant and Bar Building Opportunity

Mixed-Use Restaurant and Warehouse

Flexible Mixed-Use Building

Flexible Retail Office Building

FAQs