Move-In Ready Duplex With
262 Sterling Avenue Buffalo, NY 14216
262 Sterling Avenue, Buffalo, NY, 14216
$409,000
For Sale
$409,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,640 SF
Lot Size0.12 Acres
Price / SF$154.92
Days on Market13
Property Features for 262 Sterling Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 1, Basement
- Parking features
- Garage, Open
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Exterior features
- Balcony, Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-078-580-0001-006-000
- Size
- 2,640 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6210
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Carpet, Vinyl, Laminate
- Building materials
- Brick, VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Keller Williams Realty WNY
(716) 832-3300
Listed by
Kim Whelan · License #10401312582
(716) 481-5677
Added: Jul 10 Updated: Jul 15 at 2:06AM Checked: Jul 22 at 12:06PM
MLS# B1697027
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 262 Sterling Avenue, a move-in-ready 3/3 duplex featuring separate entrances for both units. The home includes a spacious front foyer with original woodwork, plus a brick-and-vinyl exterior with a front upper balcony and two rear decks. A two-car garage with attached storage space sits behind the property, and exterior updates include white vinyl fencing leading to a perennial garden area.
Both units have central A/C. The lower unit has been freshly painted with new carpeting, and the upper unit was tastefully renovated about three years ago. Additional space includes a full attic with many possibilities and a partially finished basement with two good-sized rooms.
This property is offered for sale with a tenant in the upper unit currently welcoming the opportunity to extend tenancy. The seller has indicated offers will be reviewed as received.
Both units have central A/C. The lower unit has been freshly painted with new carpeting, and the upper unit was tastefully renovated about three years ago. Additional space includes a full attic with many possibilities and a partially finished basement with two good-sized rooms.
This property is offered for sale with a tenant in the upper unit currently welcoming the opportunity to extend tenancy. The seller has indicated offers will be reviewed as received.
Key Highlights
- Move‑in‑ready 3/3 double with separate entrances to both units
- 19x8 front upper balcony plus two rear decks (9x7 each)
- Central A/C in both units; forced‑air heating with natural gas
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 | $39.6k | $15.00 |
| − Vacancy | −$2.2k | −$0.83 |
| EGI | $37.4k | $14.17 |
| − OpEx | −$11.2k | −$4.25 |
| NOI | $26.2k | $9.92 |
2,640 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,128 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,441 @ 7.0% cap · market cap 10.87%
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 - Move-in-ready 3-bedroom duplex with separate entrances, central A/C, and outdoor decks and balcony.
Where is this duplex located?
The property is located at 262 Sterling Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Move‑in‑ready 3/3 double with separate entrances to both units; 19x8 front upper balcony plus two rear decks (9x7 each); Central A/C in both units; forced‑air heating with natural gas
