414 Franklin Street, Buffalo, NY 14202
- Added:
- Jun 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 3 at 6:06 pm
Property Features for 414 Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Basement
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-111-220-0009-004-000
- Size
- 6,782 SF
Taxes and HOA fees
- Tax Annual Amount
- 13070
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Carpet, Varies, Tile
- Building materials
- Brick, CopperPlumbing
- Architectural style
- Other
Listing agent Robert L Meredith License #10311200417 (716) 603-0200
Listing office Gurney Becker & Bourne 976 Delaware Ave, Buffalo, NY (716) 849-1234
Listing date Jun 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
- Brick Victorian built in 1910 with copper plumbing and multiple fireplaces
- Three 1‑bedroom apartments, each with approximately 1,350 sqft of living space
- Updated furnaces with forced‑air natural gas heat and central air cooling
- In‑unit washers and dryers included, plus all appliances included
- Mansard roof approximately 5 years old; main roof approximately 17 years old
- Public water with off‑street parking and tenant basement storage
Overview
Located at 414 Franklin Street in Buffalo, the property is positioned just steps from the medical corridor, shopping, theaters, and some of Buffalo’s best restaurants and nightlife. The home’s architectural character is complemented by roof updates, with the mansard roof approximately 5 years old and the main roof approximately 17 years old.
This configuration can appeal to investors seeking steady rental income from multiple separately laid-out units, or to an owner who wants to live in one apartment while benefiting from the other two. The combination of modern mechanical updates, laundry in every unit, and tenant-focused conveniences like off-street parking and basement storage supports strong day-to-day livability for residents.
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 | $101.7k | $15.00 |
| − Vacancy | −$5.6k | −$0.83 |
| EGI | $96.1k | $14.17 |
| − OpEx | −$28.8k | −$4.25 |
| NOI | $67.3k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.873501
- Latitude
- 42.896664
