Renovated Two-Unit Multifamily
6 Palos Place Buffalo, NY 14215
New
For Sale
$249,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,216 SF
Lot Size0.11 Acres
Price / SF$205.51
Days on Market2
Property Features for 6 Palos Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3
Parking features
Garage
Appliances
GasWaterHeater
Standard status
Active
APN
140200-090-460-0006-014-000
Size
1,216 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
992
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile, Vinyl, Varies
Building materials
Cedar, Frame, Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 891-1710
Listed By:
Mohammed S Uddin · License #10401370001
(917) 500-9227
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 10:06PM
MLS# B1702314
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.
6 Palos Pl. is a renovated two-unit multifamily home offered for sale. The property has been updated throughout, including new vinyl flooring, fully renovated bathrooms in both units, and additional improvements. The upper unit includes four bedrooms, a large kitchen with a dining area, a bright living room, and two full bathrooms. The lower unit offers two bedrooms, a spacious living room with a dining area, a well-appointed kitchen, and one full bathroom. Recent major improvements also include new furnaces and hot water tanks for both units.
Located in Buffalo, NY 14215, the home is described as being convenient to shopping, restaurants, schools, public transportation, and other everyday amenities.
With two separate residential units and modernized core systems, this property is presented as suitable for either investment use or owner-occupancy while renting the second unit, depending on the buyer’s preference.
Located in Buffalo, NY 14215, the home is described as being convenient to shopping, restaurants, schools, public transportation, and other everyday amenities.
With two separate residential units and modernized core systems, this property is presented as suitable for either investment use or owner-occupancy while renting the second unit, depending on the buyer’s preference.
Key Highlights
- Renovated 2‑family home built in 1950 with separate upper and lower units
- Upper unit features 4 bedrooms, a large kitchen with dining area, bright living room, and 2 full bathrooms
- Lower unit features 2 bedrooms, living room with dining area, well‑appointed kitchen, and 1 full bathroom
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 | $18.2k | $15.00 |
| − Vacancy | −$1.0k | −$0.83 |
| EGI | $17.2k | $14.17 |
| − OpEx | −$5.2k | −$4.25 |
| NOI | $12.1k | $9.92 |
1,216 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,066 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$158.8K
$138.9K – $185.2K
NOI $11,113 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$292.4K
$255.9K – $341.2K
NOI $20,470 @ 7.0% cap · market cap 8.19%
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 - Move-in-ready 2-family residence with fully renovated bathrooms, new flooring, and updated heating and hot water systems.
Where is this duplex located?
The property is located at 6 Palos Place Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Renovated 2‑family home built in 1950 with separate upper and lower units; Upper unit features 4 bedrooms, a large kitchen with dining area, bright living room, and 2 full bathrooms; Lower unit features 2 bedrooms, living room with dining area, well‑appointed kitchen, and 1 full bathroom
