Two-Unit Residential Income
244 Evans Street Buffalo, NY 14221
244 Evans Street, Buffalo, NY, 14221
$349,000
For Sale
$349,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,038 SF
Lot Size0.20 Acres
Price / SF$171.25
Days on Market8
Property Features for 244 Evans Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Basement, Bedroom 3
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, EntranceFoyer, Storage, NaturalWoodwork
- Exterior features
- Awnings, FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 142201-069-130-0002-034-000
- Size
- 2,038 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7600
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Varies, Laminate, Hardwood, Vinyl
- Building materials
- AluminumSiding, Cedar
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
WNY Metro Roberts Realty
(716) 559-9972
5687 Main St., cheektowaga, NY
Listed by
Gina R DuBois · License #10401203791
(716) 578-4386
Added: Jul 14 Updated: Jul 18 at 9:55 am Checked: Jul 21 at 1:06 am
MLS# B1688585
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 two-unit duplex includes two residential units that have been occupied for many years and have been gently used. Updates referenced in the remarks include new flooring and baths. Laundry is located in the basement, with additional basement storage. Exterior improvements include fresh paint on the garage and house, new blacktop, driveway updates, and freshly painted steps.
The property is located at 244 Evans Street in Buffalo, NY 14221 (Erie County). The site is described as having plenty of parking, with additional parking space associated with the garage.
The offering includes a lower unit that will be vacant at the time of sale, providing flexibility for an owner occupant or continued rental use.
The property is located at 244 Evans Street in Buffalo, NY 14221 (Erie County). The site is described as having plenty of parking, with additional parking space associated with the garage.
The offering includes a lower unit that will be vacant at the time of sale, providing flexibility for an owner occupant or continued rental use.
Key Highlights
- Double home with multiple bedrooms and basement living space
- Year built 1955 with aluminum siding and cedar exterior materials
- Heating includes natural gas baseboard; hot water provided by a gas water heater
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 | $30.6k | $15.00 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $28.9k | $14.17 |
| − OpEx | −$8.7k | −$4.25 |
| NOI | $20.2k | $9.92 |
2,038 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.9K
$252.8K – $337.0K
NOI $20,222 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$266.1K
$232.8K – $310.4K
NOI $18,626 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$490.1K
$428.8K – $571.8K
NOI $34,307 @ 7.0% cap · market cap 9.83%
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 duplex with two long-term occupied units, recent exterior updates, and dedicated parking plus laundry/storage in the basement.
Where is this duplex located?
The property is located at 244 Evans Street Buffalo, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Double home with multiple bedrooms and basement living space; Year built 1955 with aluminum siding and cedar exterior materials; Heating includes natural gas baseboard; hot water provided by a gas water heater
