16-Unit Brick Multifamily
576 TAUNTON PL Buffalo, NY 14216
For Sale
Contact for pricing
Two all-brick buildings total 16 units, with 15 currently occupied and asphalt roofing throughout.
Property Size7,328 SF
Price / SF$190.37
Days on Market92
Property Features for 576 TAUNTON PL
General Information
Standard status
Active
Size
7,328 SF
Property subtype
Multifamily
Building Details
Year Built
1976
Listing Agency:
Greco Real Estate
(716) 570-7600
Listed By:
Chris Greco · License #10491210541
Source:
Crexi
Added: Apr 30
Changed: Jul 21
Last Checked: Jul 24 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greco Real Estate
Investment Insights
Based on property information with market context.
This maintained 16-unit multifamily property features two all-brick buildings. The unit mix includes eight two-bedroom apartments and eight one-bedroom units, with asphalt roofs on both buildings designed for long-term durability.
The property is currently 15 of 16 units occupied, supporting immediate, steady rental income with minimal vacancy.
For investors seeking a residential income asset with an established unit configuration, this property provides a balanced one- and two-bedroom mix within a maintained, multi-building setup.
The property is currently 15 of 16 units occupied, supporting immediate, steady rental income with minimal vacancy.
For investors seeking a residential income asset with an established unit configuration, this property provides a balanced one- and two-bedroom mix within a maintained, multi-building setup.
Key Highlights
- Two all‑brick multifamily buildings totaling 16 units
- Unit mix: eight 2‑bedroom apartments and eight 1‑bedroom apartments
- 15 of 16 units currently occupied
Financial Insights For Apartment 5plus
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 | $127.5k | $17.40 |
| − Vacancy | −$5.7k | −$0.78 |
| EGI | $121.8k | $16.62 |
| − OpEx | −$54.8k | −$7.48 |
| NOI | $67.0k | $9.14 |
7,328 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$956.8K
$837.2K – $1.12M
NOI $66,973 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,357 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two all-brick buildings total 16 units, with 15 currently occupied and asphalt roofing throughout.
Where is this apartment building located?
The property is located at 576 TAUNTON PL Buffalo, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two all‑brick multifamily buildings totaling 16 units; Unit mix: eight 2‑bedroom apartments and eight 1‑bedroom apartments; 15 of 16 units currently occupied
