74 N Pearl Street, Buffalo, NY 14202
Local realty services provided by:ERA Team VP Real Estate
74 N Pearl Street,Buffalo, NY 14202
$599,000
- 4 Beds
- 4 Baths
- 6,234 sq. ft.
- Multi-family
- Active
Listed by: nicholas giambra
Office: giambra realty corp
MLS#:B1722533
Source:NY_GENRIS
Price summary
- Price:$599,000
- Price per sq. ft.:$96.09
About this home
Showstopper brick, a slate mansard roof and a rare off-street driveway. 74 North Pearl is a Second Empire four-unit in the Allentown Historic District, steps from Allentown’s shops and restaurants and a short walk to the Buffalo Niagara Medical Campus. Inside, a grand foyer wrapped in original carved woodwork and trim sets the tone, the kind of craftsmanship that simply can’t be replicated today.
The sellers invested roughly $50,000 this year so the next owner doesn’t have to. The sewer line was replaced in PVC from the street to the house, with all-new backfill, and a brand-new concrete driveway was poured on top for off-street parking, a true rarity in this part of the city. The chimney, paint, landscaping and front patio were also refreshed, and a private backyard rounds out the lot.
The mechanicals are solid. The boiler serving units 1, 3 and 4 was rebuilt two years ago. Unit 2 has two gas fireplace inserts on its own thermostat. The building has four electric meters, new sub-panels in each apartment, circuit breakers and a 75-gallon hot water tank. Baths are finished in stone, and every unit is working and rent ready.
All four one-bedroom, one-bath apartments are vacant, so the next owner sets the rents and chooses every tenant from day one. The lower unit has room to add a second bedroom, and a shared laundry room adds income.
The numbers work. Pro forma rents of $1,850 for the lower unit and $1,500 for each upper unit produce $76,200 in gross potential income and a projected NOI of about $44,000. That is a 7.35% cap rate at $149,750 per door.
For owner-occupants, this is a textbook house hack: live in one unit and let three tenants carry most of your housing cost. For investors, it is a vacant, value-ready asset in one of Buffalo’s most established neighborhoods, a location whose next thirty years are written in its last hundred....
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Home facts
- Year built:1885
- Listing ID #:B1722533
- Added:1 day(s) ago
- Updated:October 19, 2026 at 06:43 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Ceramic Tile, Hardwood, Laminate, Tile, Varies
- Basement:Yes
- Basement Description:Full
- Living area:6,234 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air, Gas, Space Heater, Wall Furnace
Structure and exterior
- Roof:Asphalt, Flat, Slate, Tile
- Year built:1885
- Building area:6,234 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Near Public Transit, Rectangular, Residential Lot
- Architectural Style:Fourplex
- Construction Materials:Brick, Copper Plumbing, Wood Siding
- Exterior Features:Fence
- Foundation Description:Stone
- Levels:3 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$96.09
- Tax amount:$9,937
Features and amenities
- Laundry features:Common Area
- Amenities:Fence, int_feat_Attic
Parking
- Parking description:Concrete Driveway
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