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268 Reiman Street , Buffalo, NY 14212
268 Reiman Street, Buffalo, NY 14212
1351
sq ft
2
units
1
gas meters
1
electric meters
2
hot water tanks
2
heating units
Unit 1
Vacant
status
2
beds
1
baths
Unit 2
Vacant
status
1
beds
1
baths
Unit 1
Vacant
status
2
beds
1
baths
Unit 2
Vacant
status
1
beds
1
baths
Income-Producing Duplex - 268 Reiman Street, Buffalo NY 14212
Exceptional Owner Occupied Investment Opportunity in Desirable Buffalo Location
Well-maintained 1,351 square foot duplex offering both immediate rental income potential and owner-occupant opportunities. Strategically located on the Buffalo-Sloan border, this property combines affordable Buffalo taxes ($1,200 annually) with a neighborhood that feels like Sloan.
Property Highlights
Lower Unit (2 Bed/1 Bath):
- Spacious living and dining rooms with brand new carpeting
- New kitchen floor and new vanity in bathroom
- Charming sunroom perfect for relaxation
- Gas boiler heating and 40-gallon hot water tank
- Estimated rental income: $1,350/month
Upper Unit (1 Bed/1 Bath):
- Unique cottage-style apartment with character details
- Original ceramic sink and thoughtful vintage touches
- High-efficiency tankless hot water heater
- Electric baseboard heating
- Estimated rental income: $1,000/month
Recent Updates & Improvements
- Roof: Professional tear-off and replacement (2020)
- Windows: Mostly vinyl windows installed (2014)
- Electrical: Updated service with circuit breakers (2014)
- Flooring: Fresh carpeting in bedrooms and living areas
- Mechanical: Tankless water heater in upper unit
Convenient Features
- Concrete driveway
- Attached shed for additional storage
- First floor laundry accessible to both units
- Single utilities (easily separate if desired)
- 31' x 90' lot providing privacy and space
Prime Location Benefits
- Walking distance to Woodrow Wilson Elementary School
- Near community center and recreational facilities
- Safe, well-maintained neighborhood
- Buffalo taxes with Sloan-like community feel
Investment Analysis
With potential gross rental income of approximately $28,200 annually and extremely low property taxes, this duplex offers an excellent cap rate for investors. The property also presents a perfect opportunity for owner-occupants to live in one unit while rental income from the other helps cover mortgage payments.
Technical Details
- Lot Size: 0.0640 acres
- Construction: Aluminum siding over 1.5-story frame
- Foundation: Crawl space with partial attic
- Utilities: Single meters (gas, electric, water)
This turnkey investment property is move-in read. With its combination of recent updates, strong rental potential, and desirable location, 268 Reiman Street represents an exceptional opportunity in today's market.
Perfect for investors seeking immediate cash flow, first-time homebuyers looking to offset housing costs, or anyone wanting a well-maintained property in a stable neighborhood. Call today for a private showing, 716-239-6432
$100,000
Deadline
Open house dates
