Duplex With Two
For Sale
$265,000
Pending
20 Malsch Street, Buffalo, NY 14207
Residential, Buffalo, NY
Property Size2,314 SF
Lot Size0.22 Acres
Days on Market80
Property Features for 20 Malsch Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bedroom 6
Parking features
Garage
Window features
Wood Frames
Exterior features
Fence, PrivateYard
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Pie Shaped Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Pending
APN
140200-077-400-0003-019-000
Size
2,314 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2431
Utilities
Heating system
Forced Air, Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1890
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Hardwood, Carpet, Laminate, Varies
Building materials
VinylSiding
Roof type
Shingle, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 668-2500
Listed By:
Ruth Ann Gardner · License #30GA0653668
(716) 870-4915
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 2 at 2:06PM
MLS# B1691211
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 includes two separate homes positioned on a 0.2212-acre lot, with 2,314 square feet of total property size. One residence is vacant, while the other is occupied by a family. Interior finishes include a mix of laminate, carpet, vinyl, and hardwood flooring, along with gas water heating and a combination of forced-air, baseboard, and hot-water systems.
The property at 20 Malsch Street in Buffalo is near shopping and a bus route. Exterior features include vinyl siding, asphalt shingle roofing, a fenced private yard, off-street parking, and a garage. Public water serves the property, which was built in 1890.
The property at 20 Malsch Street in Buffalo is near shopping and a bus route. Exterior features include vinyl siding, asphalt shingle roofing, a fenced private yard, off-street parking, and a garage. Public water serves the property, which was built in 1890.
Key Highlights
- Two homes on one 0.2212‑acre lot
- 2,314 square feet of total property size
- One residence is vacant; the second is family occupied
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
$22,961
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
8.66%
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%
$459,220
$459.2K
Cap Rate 7%
$328,014
$328.0K
Cap Rate 9%
$255,122
$255.1K
Market Conditions
NOI Build-Up for 2,314 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
$34.7K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$32.8K $14.17/SF
− OpEx
−$9.8K −$4.25/SF
NOI
$23.0K $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%
$459,220
Cap Rate 7%
$328,014
Cap Rate 9%
$255,122
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,961 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$302.1K
$264.4K – $352.5K
NOI $21,148 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$556.5K
$486.9K – $649.2K
NOI $38,953 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
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 residences share a fenced lot with garage parking and access to shopping and public transportation.
Where is this duplex located?
The property is located at 20 Malsch Street Buffalo, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two homes on one 0.2212‑acre lot; 2,314 square feet of total property size; One residence is vacant; the second is family occupied
