Duplex with Detached
206 N Park Avenue Buffalo, NY 14216
New
206 N Park Avenue, Buffalo, NY, 14216
$399,900
For Sale
$399,900
MULTI_FAMILY - Buffalo, NY
Property Size2,428 SF
Lot Size0.20 Acres
Price / SF$164.70
Days on Market2
Property Features for 206 N Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 5, Basement, Bedroom 4
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, PrivateYard
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-078-570-0006-014-000
- Size
- 2,428 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4007
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Laminate, Vinyl, Varies
- Building materials
- AtticCrawlHatchwaysInsulated, Frame
- Roof type
- Shingle
Listing Agency
WNY Metro Roberts Realty
(716) 662-0449
4124 N Buffalo St, cheektowaga, NY
Listed by
Alicia Wittman · License #10301219240
(716) 239-9001
Added: Jul 17 Checked: Jul 18 at 1:06 am
MLS# B1694344
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.
Welcome to 206 N Park Avenue, a classic 1920s traditional duplex featuring two separate residential units. The lower unit offers first-floor living with 3 bedrooms and 2 bathrooms, along with a large kitchen and front porch. The upper unit includes 2 bedrooms and 1 bathroom, with a bright layout and a large kitchen, plus access to the full attic space for additional storage.
The property sits on a larger-than-typical lot measuring approximately 50 x 175, providing an expansive backyard area. Off-street parking is available via a private driveway that leads to a detached garage of approximately 480 square feet, built in 1973.
Tenants are currently in place, and 24-hour notice is required for showings.
The property sits on a larger-than-typical lot measuring approximately 50 x 175, providing an expansive backyard area. Off-street parking is available via a private driveway that leads to a detached garage of approximately 480 square feet, built in 1973.
Tenants are currently in place, and 24-hour notice is required for showings.
Key Highlights
- Classic 1920 traditional double with 2 units: lower 1,322 SF (3 bed, 2 bath) and upper 1,106 SF (2 bed, 1 bath).
- Oversized lot size of 50 x 175 (over 8,750 SF / 0.20 acres) with fenced yard and private yard features.
- Detached garage on a private driveway: 480 SF garage built in 1973.
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 | $36.4k | $15.00 |
| − Vacancy | −$2.0k | −$0.83 |
| EGI | $34.4k | $14.17 |
| − OpEx | −$10.3k | −$4.25 |
| NOI | $24.1k | $9.92 |
2,428 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.2K
$301.2K – $401.5K
NOI $24,092 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$317.0K
$277.4K – $369.8K
NOI $22,190 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$583.9K
$510.9K – $681.2K
NOI $40,872 @ 7.0% cap · market cap 10.22%
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 - Two-unit duplex with a detached garage, attic access, and off-street parking on an oversized lot.
Where is this duplex located?
The property is located at 206 N Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Classic 1920 traditional double with 2 units: lower 1,322 SF (3 bed, 2 bath) and upper 1,106 SF (2 bed, 1 bath).; Oversized lot size of 50 x 175 (over 8,750 SF / 0.20 acres) with fenced yard and private yard features.; Detached garage on a private driveway: 480 SF garage built in 1973.
