16 Parker AVE Buffalo, NY 14214
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $63
MLS Listing ID B1708271
Style Duplex
Bedrooms 9
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,339
Lot Size 3,628 Sqft
Acres 0.0833
Lot Dimensions 33X110
Property Sub-Type Multi Family
Property Description
The first floor features a spacious living and dining area with newer flooring throughout, all new interior doors, and a beautifully remodeled kitchen with appliances included. The first-floor bathroom has also been completely renovated from top to bottom and features a stand-up shower and granite-topped vanity. Major improvements include a furnace and hot water tank approximately one year old, newer electrical, and flooring completed approximately one year ago.
The property also offers a full attic with plenty of additional potential and four off-street parking spaces in the rear—an especially valuable feature for a multi-unit property near the university. Convenient access to UB South Campus, Amherst Street Metro Rail Station, and multiple NFTA bus routes, including Routes 8, 23, and 32.
With nine total bedrooms and strong potential for student housing, this property offers an excellent income opportunity. At an estimated $400–$500 per bedroom, the property could potentially generate approximately $3,600–$4,500 per month, or $43,200–$54,000 annually in gross rental income when fully occupied. Its convenient location near UB South Campus, public transportation, and off-street parking adds to its appeal for student renters. The property will be delivered vacant at closing, giving the new owner the flexibility to immediately place their own tenants, establish new rental rates, and take advantage of the property's strong income potential.
Whether you're looking to expand your rental portfolio, explore student housing opportunities, or occupy one unit while generating income from the other, 16 Parker Avenue offers tremendous versatility and investment potential.
Location
State NY
County Erie
Area Buffalo City-140200
Rooms
Basement Full
Interior
Interior Features Sliding Glass Door(s)
Heating Gas, Forced Air
Flooring Other, See Remarks, Tile, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Common Area
Exterior
Utilities Available High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Other,See Remarks
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-089-280-0005-032-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Nearby School & Business
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