Two-Unit Duplex with Owner's
New
For Sale
$427,500
394 Summer Street, Buffalo, NY 14213
Residential, Buffalo, NY
Property Size2,836 SF
Price / SF$150.74
Days on Market1
Property Features for 394 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch, Deck
Interior features
Attic, CeilingFans, CathedralCeilings, NaturalWoodwork
Exterior features
Deck
Appliances
GasWaterHeater
Lot features
Irregular Lot, Near Public Transit, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Richmond Ave to York St toSummer St
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-099-680-0006-010-100
Size
2,836 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3584
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
front porch
in-unit laundry
deck
storage shed
walk-in closet
vaulted ceilings
central air
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Tile, Varies, Vinyl
Building materials
WoodSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Kristan C Andersen · License #10311200331
(716) 480-0000
Added: Oct 30
Last Checked: Oct 30 at 6:06PM
MLS# B1723025
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,836-square-foot duplex in Buffalo has a two-bedroom first-floor apartment and an upper residence occupying the second and third floors. Both apartments have open-plan living areas, updated kitchens with appliances, full bathrooms, and in-unit laundry. The upper residence adds a front-facing bedroom with a walk-in closet and a third-floor open room with vaulted ceilings and a second full bathroom. A front porch and a large rear deck provide outdoor areas, while central air serves the property.
The home is within walking distance of shops and restaurants in Elmwood Village and Allentown, as well as the Medical Campus. Other features include two tankless hot water systems, forced-air natural gas heat, and vinyl flooring on the first and second floors.
The home is within walking distance of shops and restaurants in Elmwood Village and Allentown, as well as the Medical Campus. Other features include two tankless hot water systems, forced-air natural gas heat, and vinyl flooring on the first and second floors.
Key Highlights
- Two‑unit duplex with 2,836 square feet
- First‑floor apartment has 2 bedrooms and in‑unit laundry
- Upper residence spans the second and third floors, with a vaulted open room and two full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,140
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,800
$562.8K
Cap Rate 7%
$402,000
$402.0K
Cap Rate 9%
$312,667
$312.7K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$42.5K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$40.2K $14.17/SF
− OpEx
−$12.1K −$4.25/SF
NOI
$28.1K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,800
Cap Rate 7%
$402,000
Cap Rate 9%
$312,667
Alternative Uses
Best Use
Multifamily LT 5
$402.0K
$351.8K – $469.0K
NOI $28,140 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$370.3K
$324.0K – $432.0K
NOI $25,919 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,740 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence spans two floors and includes a vaulted third-floor room suited to flexible household use.
Where is this duplex located?
The property is located at 394 Summer Street Buffalo, NY.
What is the asking price?
The asking price for this property is $427,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,836 square feet; First‑floor apartment has 2 bedrooms and in‑unit laundry; Upper residence spans the second and third floors, with a vaulted open room and two full baths
