Turnkey Renovated Duplex
277 Reiman Street Buffalo, NY 14212
277 Reiman Street, Buffalo, NY, 14212
$265,000
For Sale
$265,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,190 SF
Lot Size0.08 Acres
Price / SF$121
Days on Market15
Property Features for 277 Reiman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Exterior features
- Deck, FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 143001-112-350-0001-002-000
- Size
- 2,190 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5340
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- CompositeSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
WNY Metro Roberts Realty
(716) 559-9972
5687 Main St., cheektowaga, NY
Listed by
Maya Haddad · License #10301220957
(716) 800-7150
Added: Jul 6 Checked: Jul 20 at 7:06 am
MLS# B1695784
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 fully renovated two-family duplex has been completely rebuilt from the studs with brand-new electrical, mechanical systems, plumbing, finishes, and extensive interior improvements. The lower unit offers three bedrooms plus a bright living room, formal dining room, and an additional large family room that can serve as a fourth bedroom. The eat-in kitchen includes modern white cabinetry, and the unit features a full bathroom finished with ceramic tile. The upper unit includes three bedrooms, a spacious living room, an updated kitchen with white cabinetry, and a renovated bathroom with ceramic tile finishes.
The property also includes exterior features such as a spacious deck overlooking a fully fenced backyard, with a gate that provides direct access to the driveway. Additional updates noted include a roof that is one year old, two furnaces, two hot water tanks, updated electrical panels, and new windows and doors.
With two separately configured residential units and recent system replacements throughout, the home is presented as move-in ready for an owner-occupant or rental use.
The property also includes exterior features such as a spacious deck overlooking a fully fenced backyard, with a gate that provides direct access to the driveway. Additional updates noted include a roof that is one year old, two furnaces, two hot water tanks, updated electrical panels, and new windows and doors.
With two separately configured residential units and recent system replacements throughout, the home is presented as move-in ready for an owner-occupant or rental use.
Key Highlights
- Completely rebuilt 2‑family home (rebuilt from the studs) with brand‑new electrical, mechanical, plumbing, and finishes
- 2‑unit layout: each unit includes 3 bedrooms, a living room, and an updated kitchen plus a renovated full bathroom with ceramic tile
- Spacious deck overlooking a fully fenced backyard, with a gate for direct access to the driveway
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 | $32.9k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.0k | $14.17 |
| − OpEx | −$9.3k | −$4.25 |
| NOI | $21.7k | $9.92 |
2,190 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.2K
NOI $21,730 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,015 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$526.7K
$460.8K – $614.4K
NOI $36,866 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rebuilt two-family home with separate 3-bedroom units, updated systems, and a deck to a fenced backyard.
Where is this duplex located?
The property is located at 277 Reiman 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: Completely rebuilt 2‑family home (rebuilt from the studs) with brand‑new electrical, mechanical, plumbing, and finishes; 2‑unit layout: each unit includes 3 bedrooms, a living room, and an updated kitchen plus a renovated full bathroom with ceramic tile; Spacious deck overlooking a fully fenced backyard, with a gate for direct access to the driveway
