88 Schiller Street, Buffalo, NY 14206
MULTI_FAMILY - Buffalo, NY
- Added:
- Jun 17, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 23 at 4:06 am
Property Features for 88 Schiller Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-112-510-0004-027-000
- Size
- 2,736 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2134
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Laminate, Varies, Carpet, Tile
- Building materials
- Frame, VinylSiding
Listing agent Anthony J Gawron License #10301210045 (716) 864-8972
Listing office WNY Metro Roberts Realty 4721 Transit Road Suite 18, cheektowaga, NY (716) 668-2500
Listing date Jun 17, 2026
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.
HighLights
- 3‑unit property with two 2‑bedroom apartments and one oversized 3‑bedroom apartment
- Massive attached garage with potential for additional revenue through storage, contractor use, workshop space, or vehicle/equipment parking (permitted uses)
- Fully renovated residential units (per seller) designed for income‑focused use
- Year built 1930; frame construction with vinyl siding
- Forced‑air natural gas heating and gas water heater; public water service
- Seller will consider offers between $375,000 and $425,000 (VR pricing)
Overview
Located at 88 Schiller Street in Buffalo’s Lovejoy neighborhood, the property’s layout combines multiple residential living options with onsite garage space that can complement the rental units. Seller will consider offers between $375,000 and $425,000.
For investors, the mix of apartment sizes provides a diversified residential offering within a turnkey, renovated structure. Owner-occupants may use the garage space for practical needs while drawing rental income from the three residential units. Entrepreneurs and operators may be interested in a functional property that pairs updated multi-unit housing with substantial attached garage space, offering room to support storage and workspace needs alongside the residential footprint.
Local 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 | $41.0k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $38.8k | $14.17 |
| − OpEx | −$11.6k | −$4.25 |
| NOI | $27.1k | $9.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.801509
- Latitude
- 42.887401
