Renovated Two-Unit
For Sale
$249,900
6 Palos Place, Buffalo, NY 14215
Residential, Buffalo, NY
Property Size1,216 SF
Lot Size0.11 Acres
Price / SF$205.51
Days on Market75
Property Features for 6 Palos Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 2
Parking features
Garage
Appliances
GasWaterHeater
Subdivision
Holland Land Company's Su
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
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
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Tile, 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: Sep 13
Last Checked: Oct 10 at 9:06AM
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.
This 1,216-square-foot duplex includes two residential units on a 0.1061-acre lot. The upper residence provides four bedrooms, a kitchen with dining space, a living room, and two full bathrooms. The lower unit includes two bedrooms, a living room with dining space, a kitchen, and one full bathroom. Vinyl flooring and bathroom renovations extend across the property, while new furnaces and hot water tanks serve both units.
Built in 1950, the home has a garage, asphalt roofing, public water, and forced-air natural gas heat. Construction includes cedar, frame, and stucco materials, with flooring that includes vinyl, tile, and hardwood. The property is located in Buffalo near shopping, restaurants, schools, public transportation, and other everyday amenities.
Built in 1950, the home has a garage, asphalt roofing, public water, and forced-air natural gas heat. Construction includes cedar, frame, and stucco materials, with flooring that includes vinyl, tile, and hardwood. The property is located in Buffalo near shopping, restaurants, schools, public transportation, and other everyday amenities.
Key Highlights
- Two‑unit duplex at 6 Palos Place, Buffalo, NY 14215
- 1,216 square feet on a 0.1061‑acre lot
- Upper unit has 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,066
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,320
$241.3K
Cap Rate 7%
$172,371
$172.4K
Cap Rate 9%
$134,067
$134.1K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$18.2K $15.00/SF
− Vacancy
−$1.0K −$0.83/SF
EGI
$17.2K $14.17/SF
− OpEx
−$5.2K −$4.25/SF
NOI
$12.1K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,320
Cap Rate 7%
$172,371
Cap Rate 9%
$134,067
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with refreshed systems and bathrooms in both units.
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: Two‑unit duplex at 6 Palos Place, Buffalo, NY 14215; 1,216 square feet on a 0.1061‑acre lot; Upper unit has 4 bedrooms and 2 full bathrooms
