40 Condon Avenue, Buffalo, NY 14207
MULTI_FAMILY - Other - Buffalo, NY
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 40 Condon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bedroom 4, Bedroom 2, Bathroom 2
- Patio and Porch features
- Porch
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-077-480-0002-013-000
- Size
- 1,397 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1258
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Varies, Vinyl
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Emmanuel Williams License #10301217766 (716) 430-2091
Listing office WNY Metro Roberts Realty 2211 Sheridan Drive, cheektowaga, NY (716) 875-2211
Listing date Jul 1, 2026
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.
HighLights
- 2/2 double multi‑family with two units, each offering 2 bedrooms and 1 full bathroom
- Full basement with plenty of storage
- Vinyl siding exterior and asphalt shingle roof
- Forced‑air natural gas heating with gas water heater
- Fenced private backyard and porch
- Public water source
Overview
The home is located in Buffalo, NY, in Erie County, with convenient access to everyday amenities. Public remarks note proximity to shopping, public transportation, schools, and parks.
This duplex is a practical fit for buyers looking to live in one unit while renting the other, or for investors seeking a residential income property with two comparable unit configurations. With both units sharing a similar bedroom and bathroom layout, the property can be easier to manage and plan around. The combination of solid mechanics, vinyl exterior, basement storage, and private outdoor space supports long-term livability for residents and ongoing utility for an owner-operator.
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 | $21.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $19.8k | $14.17 |
| − OpEx | −$5.9k | −$4.25 |
| NOI | $13.9k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.904668
- Latitude
- 42.955203
