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    Two-Home Residential Income Property Title is generated by Realmo AI

    20 Malsch Street, Buffalo, NY 14207

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    New
    Pending
    $265,000

    MULTI_FAMILY - Buffalo, NY

    Property size:
    2,314 SF
    Lot size:
    0.22 Acres
    Added:
    Jun 15, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 17 at 8:06 am

    Property Features for 20 Malsch Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2
    Parking features
    Garage
    Window features
    Wood Frames
    Exterior features
    Fence, PrivateYard
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    140200-077-400-0003-019-000
    Size
    2,314 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2431

    Utilities

    Heating system
    Hot Water(Heating), Baseboard, Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Carpet, Hardwood, Laminate, Varies
    Building materials
    VinylSiding
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Ruth Ann Gardner

    Listing agent Ruth Ann Gardner License #30GA0653668

    Listing office WNY Metro Roberts Realty 4721 Transit Road Suite 18, cheektowaga, NY

    Listing date Jun 15, 2026

    MLS# B1691211 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

    • Two homes on one lot
    • Off‑street parking and a garage
    • Public water service; shingle/asphalt roof
    • Fenced, private yard with vinyl siding exterior
    • Heating includes natural gas with hot water (heating), baseboard, and forced air
    • One home vacant and the other family‑occupied with low rent (market rents reported as $1,000–$1,400)

    Overview

    This two-home residential income property features two separate homes on a single lot, offering a straightforward duplex-style configuration for investors or owner-occupants. The property includes off-street parking for residents and guests. Currently, one home is vacant, while the other is family occupied, with the occupied unit described as carrying low rent.

    The property is located at 20 Malsch Street in Buffalo, NY 14207 (Erie County). Based on the provided remarks, the location is convenient to shopping and a bus route.

    For a buyer seeking manageable multi-unit ownership, this arrangement can support a range of strategies, including collecting rent from the occupied home while preparing the vacant home for lease. The listing notes that market rents in the area are approximately $1,000 to $1,400, which may help guide underwriting and leasing expectations during future tenanting. If you’re evaluating a residential income purchase where at least one unit can be generating rent immediately, this property’s one-vacant/one-occupied structure and on-site parking are practical factors to consider.

    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 $34.7k $15.00
    − Vacancy −$1.9k −$0.83
    EGI $32.8k $14.17
    − OpEx −$9.8k −$4.25
    NOI $23.0k $9.92
    2,314 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $328.0K
    $287.0K – $382.7K (±1% cap)
    NOI $22,961 @ 7.0% cap · market cap 8.66%
    Second Best
    Apartment 5plus
    $302.1K
    $264.4K – $352.5K (±1% cap)
    NOI $21,148 @ 7.0% cap · market cap 7.98%
    Theoretical Best
    Office A
    $556.5K
    $486.9K – $649.2K (±1% cap)
    NOI $38,953 @ 7.0% cap · market cap 14.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.905063
    Latitude
    42.958073

    FAQs

    What type of property is this?
    Duplex - A two-home, one-lot setup with off-street parking and one unit already occupied for immediate income potential.
    Where is this duplex located?
    The property is located at 20 Malsch Street Buffalo, NY.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Two homes on one lot; Off‑street parking and a garage; Public water service; shingle/asphalt roof
    More about this property
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