Well-Maintained Duplex in
21 Elgas Street Buffalo, NY 14207
21 Elgas Street, Buffalo, NY, 14207
$260,000
For Sale
$260,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,360 SF
Lot Size0.08 Acres
Price / SF$110.17
Days on Market53
Property Features for 21 Elgas Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 4
- Interior features
- NaturalWoodwork, AirFiltration
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-077-330-0004-030-000
- Size
- 2,360 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2839
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Hardwood
- Building materials
- CompositeSiding, Stone, CopperPlumbing, PexPlumbing
- Roof type
- Membrane, Rubber, Asphalt
- Architectural style
- Other
Listing Agency
WNY Metro Roberts Realty
(716) 646-6400
302 Buffalo Street, cheektowaga, NY
Listed by
Ramon A Cruz Sr. · License #40CR1157578
(716) 208-6896
Added: May 27 Checked: Jul 18 at 10:06 am
MLS# B1685203
Listing URL
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 well-maintained up and down duplex is located in a desirable Buffalo neighborhood. Each unit features 3 bedrooms and 1 bath, with separate utilities. The property includes natural woodwork throughout, a large front porch, and an upper balcony. It also has a full basement and a full attic, along with a concrete driveway and a partially fenced-in yard. The property is currently fully rented with long-term tenants.
Key Highlights
- Well‑maintained up‑and‑down duplex built in 1927
- 3 bedrooms and 1 bathroom per unit with separate utilities
- Property is fully rented with long‑term tenants who want to stay with the new owner
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $15.00 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $33.5k | $14.17 |
| − OpEx | −$10.0k | −$4.25 |
| NOI | $23.4k | $9.92 |
2,360 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.5K
$292.7K – $390.3K
NOI $23,417 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$308.1K
$269.6K – $359.5K
NOI $21,569 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$567.5K
$496.6K – $662.1K
NOI $39,727 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with long-term tenants in a desirable Buffalo neighborhood.
Where is this duplex located?
The property is located at 21 Elgas Street Buffalo, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Well‑maintained up‑and‑down duplex built in 1927; 3 bedrooms and 1 bathroom per unit with separate utilities; Property is fully rented with long‑term tenants who want to stay with the new owner
