Duplex with Three-Year-Old
For Sale
$199,000
47 Maple Street, Buffalo, NY 14218
Residential, Buffalo, NY
Property Size1,932 SF
Lot Size0.08 Acres
Price / SF$103
Days on Market57
Property Features for 47 Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Parking features
On Street, Driveway
Patio and Porch features
Porch
Exterior features
Fence, PrivateYard
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Lackawanna
Middle school district
Lackawanna
High school district
Lackawanna
Standard status
Active
APN
140900-142-230-0001-020-000
Size
1,932 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5422
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
front porch
private backyard
separate washer & dryer hook-ups
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies, Vinyl
Building materials
Frame
Roof type
Asphalt
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 819-4200
Listed By:
Lisa Simme · License #10401293657
(716) 912-8401
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# B1693829
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 at 47 Maple Street was built in 1922 and offers two units with matching layouts. Each unit includes three bedrooms, one bathroom, a kitchen, a living room, and a formal dining space. The basement provides separate washer and dryer hook-ups for each unit, along with separate utilities. Interior finishes include hardwood, vinyl, and varied flooring, and the home has forced-air natural gas heating and a gas water heater.
Exterior features include an asphalt roof, frame construction, a front porch, and a private fenced backyard. Parking is available with on-street parking and a driveway. The roof is described as three years old, and the upper unit has been recently updated.
The property is on a quiet street and is described as within walking distance of the Botanical Gardens, restaurants, and shops. It sits directly across from Avery playground with a basketball court and baseball field, and includes public water service.
Exterior features include an asphalt roof, frame construction, a front porch, and a private fenced backyard. Parking is available with on-street parking and a driveway. The roof is described as three years old, and the upper unit has been recently updated.
The property is on a quiet street and is described as within walking distance of the Botanical Gardens, restaurants, and shops. It sits directly across from Avery playground with a basketball court and baseball field, and includes public water service.
Key Highlights
- Two units, each with three bedrooms and one bathroom
- Separate washer and dryer hook‑ups for each unit in the basement
- Separate utilities for the upper and lower units
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
$17,657
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
8.87%
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%
$353,140
$353.1K
Cap Rate 7%
$252,243
$252.2K
Cap Rate 9%
$196,189
$196.2K
Market Conditions
NOI Build-Up for 1,932 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
$33.6K $17.40/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$32.1K $16.62/SF
− OpEx
−$14.4K −$7.48/SF
NOI
$17.7K $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%
$353,140
Cap Rate 7%
$252,243
Cap Rate 9%
$196,189
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.6K – $319.5K
NOI $19,170 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.3K
NOI $17,657 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$464.6K
$406.5K – $542.1K
NOI $32,523 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
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 3-bedroom, 1-bath units with separate utilities and basement washer/dryer hook-ups.
Where is this duplex located?
The property is located at 47 Maple Street Buffalo, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and one bathroom; Separate washer and dryer hook‑ups for each unit in the basement; Separate utilities for the upper and lower units
