Classic Duplex with Two-Car
For Sale
$399,000
Pending
71 N Park Avenue, Buffalo, NY 14216
Residential, Buffalo, NY
Property Size2,744 SF
Lot Size0.13 Acres
Days on Market47
Property Features for 71 N Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bedroom 2, Bedroom 1, Bedroom 6
Fireplace
1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Pending
APN
140200-078-730-0005-053-000
Size
2,744 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4117
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
hardwood floors
fireplaces
built-in shelving
front porch
back porch
walk-up attic
full dry basement
hardwired smoke detectors
Building Details
Year built
1921
Floors in Building
2
Number of units
2
Flooring type
Varies, Laminate, Hardwood, Tile
Building materials
Frame, VinylSiding
Roof type
Asphalt
Buildings
1
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 30 at 9:06PM
MLS# B1714654
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.
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Investment Insights
Based on property information with market context.
This 2,744-square-foot frame duplex contains two three-bedroom, one-bath units. Interior details include hardwood flooring, formal dining rooms, fireplaces, built-in storage, kitchens with substantial cabinet and counter space, and central air conditioning. The property also includes front and rear second-story porches, a walk-up attic, full dry basement, spacious backyard, and a two-car garage with driveway parking. Hardwired smoke and carbon monoxide detectors are installed throughout the home.
Located at 71 N Park Avenue in Buffalo, the property sits near Hertel Avenue's shops, bars, and restaurants. The 0.1281-acre parcel is served by public water and includes vinyl siding, an asphalt roof, forced-air natural gas heating, and a gas water heater. Recent work includes a new sewer line to the street and partial driveway replacement in 2024, a new upper furnace in 2025, and a complete garage roof tear-off and replacement in 2026.
Located at 71 N Park Avenue in Buffalo, the property sits near Hertel Avenue's shops, bars, and restaurants. The 0.1281-acre parcel is served by public water and includes vinyl siding, an asphalt roof, forced-air natural gas heating, and a gas water heater. Recent work includes a new sewer line to the street and partial driveway replacement in 2024, a new upper furnace in 2025, and a complete garage roof tear-off and replacement in 2026.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bath in each unit
- 2,744 square feet on a 0.1281‑acre parcel
- Two‑car garage, spacious driveway, backyard, and front and rear second‑story porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,227
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,540
$544.5K
Cap Rate 7%
$388,957
$389.0K
Cap Rate 9%
$302,522
$302.5K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$41.2K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$38.9K $14.17/SF
− OpEx
−$11.7K −$4.25/SF
NOI
$27.2K $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%
$544,540
Cap Rate 7%
$388,957
Cap Rate 9%
$302,522
Alternative Uses
Best Use
Multifamily LT 5
$389.0K
$340.3K – $453.8K
NOI $27,227 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$659.9K
$577.4K – $769.9K
NOI $46,191 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, formal dining rooms, fireplaces, and central air conditioning.
Where is this duplex located?
The property is located at 71 N Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 bath in each unit; 2,744 square feet on a 0.1281‑acre parcel; Two‑car garage, spacious driveway, backyard, and front and rear second‑story porches
