Renovated Two-Unit Multifamily
286 Carolina Street Buffalo, NY 14201
New
286 Carolina Street, Buffalo, NY, 14201
$375,000
For Sale
$375,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,922 SF
Lot Size0.04 Acres
Price / SF$195.11
Days on Market1
Property Features for 286 Carolina Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking features
- Driveway, On Street
- Security features
- Security
- Patio and Porch features
- Patio
- Exterior features
- FullyFenced, Fence, Patio
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-111-290-0002-021-000
- Size
- 1,922 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2093
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Tile, Vinyl
- Building materials
- VinylSiding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty WNY
(716) 832-3300
5500 Main St. Ste. 108, Williamsville, NY
Listed by
John Santora III · License #10401291249
(716) 908-4304
Added: Jul 17 Checked: Jul 17 at 11:06 pm
MLS# B1699378
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 renovated two-unit multifamily duplex features two bedrooms in each unit, along with covered and outdoor living areas. The first-floor unit includes a covered porch, while the second-floor unit has a rebuilt back staircase leading to a lower back patio with new wooden gates and privacy fencing. Interior improvements include new luxury vinyl plank flooring, LED lighting, new interior doors, drywall, and redone wall and ceiling work. Kitchens feature quartz countertops, tile backsplashes, center islands with seating, custom cabinetry, and stainless-steel appliances. Bathrooms are fully updated with tile showers, marble flooring, glass shower doors, and modern vanities with LED mirrors. Each unit also has designated stackable laundry with built-in cabinetry, quartz countertops, and a sink.
Exterior updates include new concrete porch and walkways, newer windows and exterior doors with smart lock technology, a roof approximately 7 years old, newer siding, landscaping, and aluminum trim. Updated mechanicals include high-efficiency furnaces with new AC units, new hot water tanks, new plumbing on both floors and the main line to the basement, new electrical panels, Z-Wave smart thermostats, hardwired Ring doorbells and cameras, and glass block windows in the basement. A shared large basement provides additional storage.
Exterior updates include new concrete porch and walkways, newer windows and exterior doors with smart lock technology, a roof approximately 7 years old, newer siding, landscaping, and aluminum trim. Updated mechanicals include high-efficiency furnaces with new AC units, new hot water tanks, new plumbing on both floors and the main line to the basement, new electrical panels, Z-Wave smart thermostats, hardwired Ring doorbells and cameras, and glass block windows in the basement. A shared large basement provides additional storage.
Key Highlights
- 2‑unit multifamily home with 2 bedrooms per unit, featuring walk‑in closet space and an open living area layout
- Major interior renovations include new luxury vinyl plank flooring, LED lighting, new interior doors and drywall, and R1 & R13 insulation (wall 2 ceilings redone)
- Updated kitchens with Zodiac quartz countertops, tile backsplash, center island with seating, custom cabinetry, and stainless steel appliances
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 | $28.8k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.2k | $14.17 |
| − OpEx | −$8.2k | −$4.25 |
| NOI | $19.1k | $9.92 |
1,922 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.4K
$238.4K – $317.9K
NOI $19,071 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$250.9K
$219.6K – $292.8K
NOI $17,566 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$462.2K
$404.4K – $539.2K
NOI $32,354 @ 7.0% cap · market cap 8.63%
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 - Renovated two-unit duplex offers two bedrooms per unit, modern kitchens, updated systems, and shared basement.
Where is this duplex located?
The property is located at 286 Carolina Street Buffalo, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2‑unit multifamily home with 2 bedrooms per unit, featuring walk‑in closet space and an open living area layout; Major interior renovations include new luxury vinyl plank flooring, LED lighting, new interior doors and drywall, and R1 & R13 insulation (wall 2 ceilings redone); Updated kitchens with Zodiac quartz countertops, tile backsplash, center island with seating, custom cabinetry, and stainless steel appliances
