16-Unit Brick Multifamily
For Sale
Contact for pricing
Pending
576 TAUNTON PL, Buffalo, NY 14216
Two all-brick buildings total 16 units, with 15 currently occupied and asphalt roofing throughout.
Property Size7,328 SF
Days on Market183
Property Features for 576 TAUNTON PL
General Information
Standard status
Pending
Size
7,328 SF
Class
B
Property subtype
Multifamily
Occupancy
94%
Investment Type
Value Add
Site & Location
Neighborhood
Central Park
Additional Details
Multifamily Units
16
Building Details
Year Built
1976
Buildings
2
Stories
2
Units
16
Tenancy
Multi
Listing Agency:
Greco Real Estate
Listed By:
Chris Greco · License #10491210541
(716) 570-7600
Source:
Crexi
Added: Apr 30
Changed: Oct 25
Last Checked: Oct 28 at 7:51AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$66,973
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,460
$1.3M
Cap Rate 7%
$956,757
$956.8K
Cap Rate 9%
$744,144
$744.1K
Market Conditions
NOI Build-Up for 7,328 SF
Gross rent
$127.5K $17.40/SF
− Vacancy
−$5.7K −$0.78/SF
EGI
$121.8K $16.62/SF
− OpEx
−$54.8K −$7.48/SF
NOI
$67.0K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,460
Cap Rate 7%
$956,757
Cap Rate 9%
$744,144
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
16
Residential units
93.8%
Occupancy
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
