Renovated Two-Family
405 Parkside Avenue Buffalo, NY 14216
For Sale
$399,900
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size3,124 SF
Lot Size0.19 Acres
Days on Market55
Property Features for 405 Parkside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Basement, Bathroom 1, Bedroom 1
Patio and Porch features
Porch
Interior features
Storage
Exterior features
Balcony, Fence
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Standard status
Pending
APN
140200-089-260-0002-027-000
Size
3,124 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
4389
Utilities
Heating system
Radiant, Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
Brick, Frame, CopperPlumbing
Roof type
Rubber, Membrane, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Anthony Dubreville · License #10401347097
(716) 374-2594
Added: Jun 5
Changed: Jul 28
Last Checked: Jul 29 at 9:06PM
MLS# B1688131
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.
405 Parkside Avenue is a fully renovated all-brick two-family residence offering two separate units with three bedrooms and one full bathroom each. Both units feature updated kitchens and bathrooms, fresh paint, and brand-new hardwood flooring. Outdoor space is provided through front porch and private balconies, and the home also includes sunrooms for additional daily living space. A full basement is included with separate laundry areas for each unit. The partially finished attic adds extra flexibility for storage or additional living use.
The property sits on a lot of approximately 0.186 acres and includes off-street parking, including a large rear parking pad that can accommodate multiple vehicles. The listing notes quick access to Downtown Buffalo via Route 198 and Route 33, and proximity to Delaware Park.
This configuration is well-suited for buyers seeking an updated duplex/income property with separate in-unit laundry and additional bonus space in the basement and attic. The roof was completed as a full tear-off in 2026, and the overall improvements are intended to support straightforward ownership and ongoing rental use.
The property sits on a lot of approximately 0.186 acres and includes off-street parking, including a large rear parking pad that can accommodate multiple vehicles. The listing notes quick access to Downtown Buffalo via Route 198 and Route 33, and proximity to Delaware Park.
This configuration is well-suited for buyers seeking an updated duplex/income property with separate in-unit laundry and additional bonus space in the basement and attic. The roof was completed as a full tear-off in 2026, and the overall improvements are intended to support straightforward ownership and ongoing rental use.
Key Highlights
- Fully renovated all‑brick two‑family investment with 3 bedrooms and 1 full bathroom per unit
- Brand‑new full tear‑off roof completed in 2026
- Each unit includes updated kitchens and bathrooms plus fresh paint and new hardwood flooring
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 | $46.9k | $15.00 |
| − Vacancy | −$2.6k | −$0.83 |
| EGI | $44.3k | $14.17 |
| − OpEx | −$13.3k | −$4.25 |
| NOI | $31.0k | $9.92 |
3,124 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$407.9K
$356.9K – $475.9K
NOI $28,551 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$751.3K
$657.4K – $876.5K
NOI $52,588 @ 7.0% cap · market cap 13.15%
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 - Fully renovated two-family property with three-bedroom units, separate laundry areas, and off-street parking.
Where is this duplex located?
The property is located at 405 Parkside Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully renovated all‑brick two‑family investment with 3 bedrooms and 1 full bathroom per unit; Brand‑new full tear‑off roof completed in 2026; Each unit includes updated kitchens and bathrooms plus fresh paint and new hardwood flooring
