Updated Duplex with Detached 2-Car
For Sale
$279,900
Pending
219 Loring Avenue, Buffalo, NY 14214
Residential, Buffalo, NY
Property Size2,650 SF
Lot Size0.09 Acres
Days on Market46
Property Features for 219 Loring Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Basement
Patio and Porch features
Porch
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Humboldt Pkwy to Loring Ave Kensington Ave to Shelburne Pl
Standard status
Pending
APN
140200-089-670-0004-001-000
Size
2,650 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2162
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
VinylSiding
Roof type
Shingle
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
MD Zahid Al Mamun · License #10401401589
(347) 357-4253
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 20 at 5:06AM
MLS# B1695998
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.
Updated duplex offering a turn-key layout with six bedrooms and 2.5 bathrooms. The home has been fully updated with a brand-new roof, all-new energy-efficient vinyl windows, dual brand-new hot water tanks, and a completely updated 150-amp electrical service. Interior finishes include new luxury tile, fresh vinyl flooring, and a modernized kitchen with brand-new cabinetry.
The property sits on a 0.086-acre lot and includes a detached 2-car garage for parking and storage. Exterior features include a porch and a fully fenced yard. Utilities and services include public water, natural gas heating, and forced air heating.
Built in 1913 with vinyl siding and a shingle roof, the home also includes a basement and gas water heater, providing a comfortable, upgraded option for multi-unit living.
The property sits on a 0.086-acre lot and includes a detached 2-car garage for parking and storage. Exterior features include a porch and a fully fenced yard. Utilities and services include public water, natural gas heating, and forced air heating.
Built in 1913 with vinyl siding and a shingle roof, the home also includes a basement and gas water heater, providing a comfortable, upgraded option for multi-unit living.
Key Highlights
- Turn‑key duplex with six bedrooms and 2.5 bathrooms
- Brand‑new roof, energy‑efficient vinyl windows, and dual brand‑new hot water tanks
- Completely updated 150‑amp electrical service
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
$24,219
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
8.65%
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%
$484,380
$484.4K
Cap Rate 7%
$345,986
$346.0K
Cap Rate 9%
$269,100
$269.1K
Market Conditions
NOI Build-Up for 2,650 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
$46.1K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$44.0K $16.62/SF
− OpEx
−$19.8K −$7.48/SF
NOI
$24.2K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
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%
$484,380
Cap Rate 7%
$345,986
Cap Rate 9%
$269,100
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.7K – $438.3K
NOI $26,295 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$637.3K
$557.6K – $743.5K
NOI $44,609 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
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 - Updated duplex with six bedrooms, 2.5 baths, modern finishes, and a detached 2-car garage on a fully fenced lot.
Where is this duplex located?
The property is located at 219 Loring Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Turn‑key duplex with six bedrooms and 2.5 bathrooms; Brand‑new roof, energy‑efficient vinyl windows, and dual brand‑new hot water tanks; Completely updated 150‑amp electrical service
