Brick Duplex with Off-Street
For Sale
$279,999
Pending
131 Chamberlin Drive, Buffalo, NY 14210
Residential, Buffalo, NY
Property Size2,094 SF
Lot Size0.11 Acres
Days on Market41
Property Features for 131 Chamberlin Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Open
Patio and Porch features
Patio
Interior features
Storage
Exterior features
FullyFenced, Patio
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot
Elementary school district
West Seneca
Middle school district
West Seneca
High school district
West Seneca
Directions
Manhasset to Chamberlin
Standard status
Pending
APN
146800-133-360-0006-008-000
Size
2,094 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5785
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
garage
generator hookup
extra-long driveway
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood
Building materials
Brick
Additional Structures
Storage
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Michael Matyjasik · License #10401295685
(716) 907-6854
Added: Jul 27
Changed: Sep 2
Last Checked: Sep 5 at 6:06PM
MLS# B1701045
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 two-family duplex contains 2,094 square feet on a 0.1148-acre lot and was built in 1950. The brick exterior is complemented by hardwood and varied flooring, natural-gas forced-air heat, public water, gas water heaters, basement storage, and a rear addition that expands the living area. Both units include bedrooms and bathrooms, while the property also offers a patio and a fully fenced exterior.
An extra-long driveway provides open off-street parking at 131 Chamberlin Drive in Buffalo, NY 14210. Recent property updates include the garage roof in 2020, hot water tanks in 2021, and a garage side door in 2011. The second-floor windows are triple pane, and the home has hookups for a whole-house generator.
An extra-long driveway provides open off-street parking at 131 Chamberlin Drive in Buffalo, NY 14210. Recent property updates include the garage roof in 2020, hot water tanks in 2021, and a garage side door in 2011. The second-floor windows are triple pane, and the home has hookups for a whole-house generator.
Key Highlights
- Two‑family duplex with 2,094 square feet of living area
- 0.1148‑acre lot with an extra‑long driveway and open off‑street parking
- Brick construction built in 1950
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
$20,778
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
7.42%
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%
$415,560
$415.6K
Cap Rate 7%
$296,829
$296.8K
Cap Rate 9%
$230,867
$230.9K
Market Conditions
NOI Build-Up for 2,094 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
$31.4K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.7K $14.17/SF
− OpEx
−$8.9K −$4.25/SF
NOI
$20.8K $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%
$415,560
Cap Rate 7%
$296,829
Cap Rate 9%
$230,867
Alternative Uses
Best Use
Multifamily LT 5
$296.8K
$259.7K – $346.3K
NOI $20,778 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,250 @ 7.0% cap · market cap 12.59%
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
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 14210, NY
15,480
Population
7,813
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
4,994
Density / Sq Mi
$51,059
Median Household Income
$31,652
Median Earnings
$925
Median Rent
$124,300
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 - Two-family brick residence includes a rear addition, newer windows, fenced outdoor space, and a whole-house generator hookup.
Where is this duplex located?
The property is located at 131 Chamberlin Drive Buffalo, NY.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Two‑family duplex with 2,094 square feet of living area; 0.1148‑acre lot with an extra‑long driveway and open off‑street parking; Brick construction built in 1950
