Two-Unit Income
55 S Ogden Street Buffalo, NY 14210
55 S Ogden Street, Buffalo, NY, 14210
$319,900
For Sale
$319,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,214 SF
Lot Size0.11 Acres
Price / SF$144.49
Days on Market13
Property Features for 55 S Ogden Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
- Patio and Porch features
- Patio
- Interior features
- CeilingFans, SlidingGlassDoors, Storage, NaturalWoodwork
- Exterior features
- Awnings, Patio, PrivateYard
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-123-670-0001-005-000
- Size
- 2,214 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1935
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Carpet, Vinyl
- Building materials
- AtticCrawlHatchwaysInsulated, Brick, VinylSiding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agency
Keller Williams Realty WNY
(716) 832-3300
Listed by
John Santora III · License #10401291249
(716) 908-4304
Added: Jul 10 Updated: Jul 19 at 2:51PM Checked: Jul 22 at 10:06PM
MLS# B1697479
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 two-unit residential income property offers a well-maintained exterior and functional living layouts for two separate households. The units are each 3-bedroom with 1 full bath, with bright living spaces and updated bathrooms. Separate utilities support independent occupancy, and each unit has its own laundry area. A full, dry shared basement provides storage, and the property includes a private patio area and a storage shed for outdoor items.
The exterior features a classic brick front, maintenance-free vinyl siding, and a newer double-wide concrete driveway for off-street parking. Reported major improvements include a roof replacement in 2011 and well-maintained mechanicals.
Additional practical details include a 2-unit configuration currently producing rental income of $3,000 per month, with off-street parking and separate utility setups designed to support day-to-day tenant convenience.
The exterior features a classic brick front, maintenance-free vinyl siding, and a newer double-wide concrete driveway for off-street parking. Reported major improvements include a roof replacement in 2011 and well-maintained mechanicals.
Additional practical details include a 2-unit configuration currently producing rental income of $3,000 per month, with off-street parking and separate utility setups designed to support day-to-day tenant convenience.
Key Highlights
- Two‑unit property with 3 bedrooms and 1 full bath in each unit; both units are 1107 SF.
- Roof replaced in 2011; brick exterior with maintenance‑free vinyl siding and newer double‑wide concrete driveway.
- Separate utilities for each unit, plus separate laundry areas; full DRY shared basement with abundant storage.
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 | $33.2k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.4k | $14.17 |
| − OpEx | −$9.4k | −$4.25 |
| NOI | $22.0k | $9.92 |
2,214 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.8K
$274.6K – $366.1K
NOI $21,968 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$532.4K
$465.9K – $621.2K
NOI $37,270 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit residential property with separate utilities and off-street parking in Buffalo, NY.
Where is this duplex located?
The property is located at 55 S Ogden Street Buffalo, NY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms and 1 full bath in each unit; both units are 1107 SF.; Roof replaced in 2011; brick exterior with maintenance‑free vinyl siding and newer double‑wide concrete driveway.; Separate utilities for each unit, plus separate laundry areas; full DRY shared basement with abundant storage.
