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    Remodeled Multi-Unit Property Title is generated by Realmo AI

    42 Mineral Spring Road, Buffalo, NY 14210

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    Pending
    $279,900

    MULTI_FAMILY - Other - Buffalo, NY

    Property size:
    2,278 SF
    Lot size:
    0.07 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    49
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 42 Mineral Spring Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4, Bedroom 5
    Window features
    Drapes
    Patio and Porch features
    Porch
    Interior features
    CeilingFans, WindowTreatments
    Exterior features
    Balcony, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    140200-123-730-0002-052-000
    Size
    2,278 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2134

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Vinyl, Hardwood
    Building materials
    CompositeSiding, SprayFoamInsulation, CopperPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristan Jakubowski

    Listing agent Kristan Jakubowski License #10401258907

    Listing office WNY Metro Roberts Realty 5687 Main St., cheektowaga, NY

    Listing date Mar 29, 2026

    MLS# B1666795 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.

    HighLights

    • Turnkey multiple‑unit property with 6 bedrooms and 2 full bathrooms.
    • Completely remodeled with new carpeting, luxury vinyl flooring, tile flooring, fresh neutral paint, and updated electrical system.
    • Newer roof (2017), updated electrical panel (2018), and newer furnaces and hot water tanks (2016‑2020) ensure reliability.
    • Includes all appliances, laundry area with 2 washers and 2 dryers, and ample storage space in the basement and walk‑up attic.
    • Exterior features include a new partially fenced yard, long driveway, welcoming front porch, and second‑floor balcony.
    • Features an eat‑in kitchen, formal dining room with decorative fireplace, large living room, and a bright sunroom.

    Overview

    This completely remodeled multiple-unit property in Buffalo, NY, presents a turnkey opportunity with modern updates throughout. The property features two units, each offering 3 bedrooms and 1 full bathroom, totaling 6 bedrooms and 2 full bathrooms. This setup is ideal for rental income or multi-family living. The home has been extensively renovated with new carpeting, luxury vinyl flooring, tile flooring, and fresh neutral paint, complemented by an updated electrical system. A newer roof was installed in 2017, and most windows have been replaced. Interior features include crown molding, new lighting fixtures, an eat-in kitchen, a formal dining room with a decorative fireplace, and a large living room. Both kitchens and bathrooms have been updated. Additional upgrades include an updated electrical panel (2018), two hot water tanks (2020 & 2016), and furnaces (2019 & 2016). The basement includes glass block windows, a laundry area with 2 washers and 2 dryers, and ample storage space. Exterior features include a new partially fenced yard, a long driveway, a front porch, and a second-floor balcony. The second-floor unit includes a bright sunroom. A walk-up attic provides additional storage or expansion potential. The lot size is 0.0735 acres and the property size is 2278 square feet. The property includes all appliances. The seller pays an annual sewer fee of 277.85.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $251.1K
    NOI $22,603 @ 9.00% cap · cautious / downside scenario
    Moderate
    $322.9K
    NOI $22,603 @ 7.00% cap · market / base-case scenario
    Aggressive
    $452.1K
    NOI $22,603 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $34.2k $15.00
    − Vacancy −$1.9k −$0.83
    EGI $32.3k $14.17
    − OpEx −$9.7k −$4.25
    NOI $22.6k $9.92
    2,278 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $322.9K
    $282.5K – $376.7K (±1% cap)
    NOI $22,603 @ 7.0% cap · market cap 8.08%
    Second Best
    Apartment 5plus
    $297.4K
    $260.2K – $347.0K (±1% cap)
    NOI $20,819 @ 7.0% cap · market cap 7.44%
    Theoretical Best
    Office A
    $547.8K
    $479.3K – $639.1K (±1% cap)
    NOI $38,347 @ 7.0% cap · market cap 13.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.811814
    Latitude
    42.859029

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    FAQs

    What type of property is this?
    Duplex - Turnkey, updated duplex with strong rental potential in Buffalo.
    Where is this duplex located?
    The property is located at 42 Mineral Spring Road 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: Turnkey multiple‑unit property with 6 bedrooms and 2 full bathrooms.; Completely remodeled with new carpeting, luxury vinyl flooring, tile flooring, fresh neutral paint, and updated electrical system.; Newer roof (2017), updated electrical panel (2018), and newer furnaces and hot water tanks (2016‑2020) ensure reliability.
    (716) 955-0750
    We can help!
    Listing Contact
    Kristan Jakubowski
    Real Estate License ID: 10401258907
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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