Two-Family Home with Two-Car
304 Wellington Road Buffalo, NY 14216
New
For Sale
$415,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,906 SF
Lot Size0.11 Acres
Price / SF$142.81
Days on Market3
Property Features for 304 Wellington Road
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
Parking features
Open, Garage
Exterior features
Balcony
Fireplace
1
Appliances
WaterHeater
Standard status
Active
APN
140200-078-500-0005-008-000
Size
2,906 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4164
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Tile
Building materials
AtticCrawlHatchwaysInsulated, VinylSiding, CopperPlumbing
Roof type
Shingle
Architectural style
Other
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 689-7800
Listed By:
Gerald M Strobel · License #40ST0834232
(716) 866-4564
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 5:06PM
MLS# B1701836
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 well-maintained two-family home offers two separate apartments with a large living room, decorative fireplace elements, built-in bookcases, and hardwood floors, plus a bright dining room with hardwood flooring. Each unit includes three bedrooms and a bathroom, with kitchens that provide ample cupboard and counter space. The property includes a two-car garage, a full basement, and an attic, along with a second-floor outdoor balcony area and landscaped gardens.
The home is vinyl sided and has updated windows. Heating and hot water systems include a highly efficient heat pump hot water heating system and a heavily insulated attic. Central air is available in both units, with the upper unit’s system approximately four years old and the lower unit’s furnace approximately four years old. The second-floor kitchen features an induction stove, and all kitchen and laundry appliances are included for both units.
Notably, the property has 30 wholly owned solar panels that have powered the electrical needs of both apartments and generated additional revenue in the prior year. Located at the quiet end of the street, the home is also described as walkable to Hertel Avenue conveniences.
The home is vinyl sided and has updated windows. Heating and hot water systems include a highly efficient heat pump hot water heating system and a heavily insulated attic. Central air is available in both units, with the upper unit’s system approximately four years old and the lower unit’s furnace approximately four years old. The second-floor kitchen features an induction stove, and all kitchen and laundry appliances are included for both units.
Notably, the property has 30 wholly owned solar panels that have powered the electrical needs of both apartments and generated additional revenue in the prior year. Located at the quiet end of the street, the home is also described as walkable to Hertel Avenue conveniences.
Key Highlights
- Two‑family home built in 1925 with full basement and attic space
- Total of 30 wholly owned solar panels; owners report $1,200 additional solar revenue in the past year
- Each unit has 3 bedrooms and 1 bathroom, plus a large living room with decorative fireplace and hardwood floors
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 | $43.6k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $41.2k | $14.17 |
| − OpEx | −$12.4k | −$4.25 |
| NOI | $28.8k | $9.92 |
2,906 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.9K
$360.4K – $480.6K
NOI $28,835 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.7K
NOI $26,559 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$698.8K
$611.5K – $815.3K
NOI $48,918 @ 7.0% cap · market cap 11.79%
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 - Well-maintained two-family residence with fully owned solar panels, central air, and updated interiors across two separate units.
Where is this duplex located?
The property is located at 304 Wellington Road Buffalo, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with full basement and attic space; Total of 30 wholly owned solar panels; owners report $1,200 additional solar revenue in the past year; Each unit has 3 bedrooms and 1 bathroom, plus a large living room with decorative fireplace and hardwood floors
