Duplex with Fenced
For Sale
$289,900
Pending
129 Ridge Park Avenue, Buffalo, NY 14211
Residential, Buffalo, NY
Property Size2,365 SF
Lot Size0.10 Acres
Days on Market82
Property Features for 129 Ridge Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Basement
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Holland Land Company Surv
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Cheektowaga
Middle school district
Cheektowaga
High school district
Cheektowaga
Standard status
Pending
APN
143089-102-450-0004-035-000
Size
2,365 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
5547
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
finished basement
fenced yard
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Vinyl
Building materials
ShakeSiding, WoodSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
MD Zahid Al Mamun · License #10401401589
(347) 357-4253
Added: May 31
Changed: Aug 20
Last Checked: Aug 20 at 4:06AM
MLS# B1683589
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 duplex on Ridge Park Avenue features two residential units with a combined total of six bedrooms and two full bathrooms. Each unit includes a living room, formal dining area, three bedrooms, and an updated bathroom with upgraded ceramic tile in both kitchens and baths. The property also includes a massive finished basement with an office or hobby room and generous storage.
The home sits on a 0.1-acre lot and offers a fully fenced yard. It was built in 1922 and has shake and wood siding with a shingle roof. Heating is natural gas forced air, and the home is served by public water.
Conveniently located minutes from Buffalo Niagara International Airport and the Route 33 expressway, the property is also within walking distance of Cheektowaga Town Park, shopping, and dining. Some photos include virtual staging for interior design ideas only.
The home sits on a 0.1-acre lot and offers a fully fenced yard. It was built in 1922 and has shake and wood siding with a shingle roof. Heating is natural gas forced air, and the home is served by public water.
Conveniently located minutes from Buffalo Niagara International Airport and the Route 33 expressway, the property is also within walking distance of Cheektowaga Town Park, shopping, and dining. Some photos include virtual staging for interior design ideas only.
Key Highlights
- Six bedrooms and two updated full bathrooms
- Massive finished basement with office or hobby room and generous storage
- Fully fenced yard on a 0.1‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,340
$469.3K
Cap Rate 7%
$335,243
$335.2K
Cap Rate 9%
$260,744
$260.7K
Market Conditions
NOI Build-Up for 2,365 SF
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.
Gross rent
$35.5K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$33.5K $14.17/SF
− OpEx
−$10.1K −$4.25/SF
NOI
$23.5K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,340
Cap Rate 7%
$335,243
Cap Rate 9%
$260,744
Alternative Uses
Best Use
Multifamily LT 5
$335.2K
$293.3K – $391.1K
NOI $23,467 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.3K
NOI $21,615 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,811 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering six bedrooms and two bathrooms, with a fully fenced yard and a massive finished basement.
Where is this duplex located?
The property is located at 129 Ridge Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Six bedrooms and two updated full bathrooms; Massive finished basement with office or hobby room and generous storage; Fully fenced yard on a 0.1‑acre lot
