Two-Family Residential Income
216 Metcalfe Street Buffalo, NY 14206
For Sale
$200,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,952 SF
Lot Size0.12 Acres
Price / SF$102.46
Days on Market94
Property Features for 216 Metcalfe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Appliances
GasWaterHeater
Standard status
Active
APN
140200-112-610-0002-010-000
Size
1,952 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
1137
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Hardwood, Tile
Building materials
AluminumSiding, VinylSiding, WoodSiding
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 891-1710
Listed By:
Suhel Ahmed · License #10401361723
(716) 750-6319
Added: Apr 27
Changed: Jul 28
Last Checked: Jul 29 at 7:06PM
MLS# B1676727
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 home is designed with an upper and a lower unit, each offering a living room, kitchen, and updated bathrooms. Throughout the property, refinished hardwood floors add consistent character, while the full basement provides additional functional space and storage. A car garage further supports day-to-day convenience.
The property is located at 216 Metcalfe Street in Buffalo, NY 14206 within Erie County. Showings begin immediately.
The layout supports owner-occupancy or rental use, with two separate units positioned to help offset housing costs through rental income. Updated interior features, combined with the garage and basement storage, make the property practical for tenants and manageable for an operator. Investors may value the straightforward two-unit configuration, while owner-occupants can benefit from having an income-producing unit alongside their own living space.
The property is located at 216 Metcalfe Street in Buffalo, NY 14206 within Erie County. Showings begin immediately.
The layout supports owner-occupancy or rental use, with two separate units positioned to help offset housing costs through rental income. Updated interior features, combined with the garage and basement storage, make the property practical for tenants and manageable for an operator. Investors may value the straightforward two-unit configuration, while owner-occupants can benefit from having an income-producing unit alongside their own living space.
Key Highlights
- Two‑family home with upper and lower units, each offering a living room and kitchen
- Updated bathrooms and refinished hardwood floors
- 6 bedrooms and 2 bathrooms total, with a full basement for additional storage and flexible space
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 | $34.0k | $17.40 |
| − Vacancy | −$1.5k | −$0.78 |
| EGI | $32.4k | $16.62 |
| − OpEx | −$14.6k | −$7.48 |
| NOI | $17.8k | $9.14 |
1,952 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.3K
NOI $17,840 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$469.4K
$410.7K – $547.7K
NOI $32,859 @ 7.0% cap · market cap 16.43%
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 home with updated bathrooms, refinished hardwood floors, a car garage, and a full basement for flexible storage.
Where is this duplex located?
The property is located at 216 Metcalfe Street Buffalo, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑family home with upper and lower units, each offering a living room and kitchen; Updated bathrooms and refinished hardwood floors; 6 bedrooms and 2 bathrooms total, with a full basement for additional storage and flexible space
