Renovated Brick Multi-Family
8 Evergreen Place Buffalo, NY 14225
New
For Sale
$469,900
MULTI_FAMILY - Buffalo, NY
Property Size1,988 SF
Lot Size0.20 Acres
Price / SF$236.37
Days on Market2
Property Features for 8 Evergreen Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Basement
Parking features
Garage
Appliances
GasWaterHeater
Standard status
Active
APN
143089-091-190-0004-027-000
Size
1,988 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6962
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Varies, Hardwood
Building materials
Brick
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Syed J Rizvi · License #10401279412
(716) 946-2700
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 8:06PM
MLS# B1702255
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 fully renovated full brick multi-family home is ready for move-in condition. The property includes two separate units. The lower unit offers three bedrooms, a living-dining area, a full bath, and a spacious kitchen. The upper unit features a spacious kitchen, two bedrooms, a living area, and a full bath. Electric has been updated, and the home is described as well maintained, with a dry basement and a solid foundation.
The property sits on a corner lot and includes a two-car detached garage. One unit was previously occupied by the owner and the home is presently vacant.
Additional details provided include that the basement is dry with solid foundation and good mechanicals, supporting continued use as either a living arrangement or owner-occupied setup.
The property sits on a corner lot and includes a two-car detached garage. One unit was previously occupied by the owner and the home is presently vacant.
Additional details provided include that the basement is dry with solid foundation and good mechanicals, supporting continued use as either a living arrangement or owner-occupied setup.
Key Highlights
- Fully brick multifamily home on a corner lot with a 2‑car detached garage
- 2 separate units: lower unit has 3 bedrooms plus living‑dining, full bath, and spacious kitchen
- Upper unit features 2 bedrooms with living area, full bath, and a spacious kitchen
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 | $29.8k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $28.2k | $14.17 |
| − OpEx | −$8.5k | −$4.25 |
| NOI | $19.7k | $9.92 |
1,988 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$259.6K
$227.1K – $302.8K
NOI $18,169 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$478.1K
$418.3K – $557.8K
NOI $33,465 @ 7.0% cap · market cap 7.12%
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 - Full brick, fully renovated multi-family property with two units and updated electric on a corner lot with a detached two-car garage.
Where is this duplex located?
The property is located at 8 Evergreen Place Buffalo, NY.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Fully brick multifamily home on a corner lot with a 2‑car detached garage; 2 separate units: lower unit has 3 bedrooms plus living‑dining, full bath, and spacious kitchen; Upper unit features 2 bedrooms with living area, full bath, and a spacious kitchen
