All-Brick Triplex with Owner’s
For Sale
$549,900
720 Columbus Parkway, Buffalo, NY 14213
Residential, Buffalo, NY
Property Size4,655 SF
Lot Size0.18 Acres
Price / SF$118.13
Days on Market25
Property Features for 720 Columbus Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking features
Garage, Open
Patio and Porch features
Deck
Interior features
CedarClosets, CeilingFans, NaturalWoodwork
Exterior features
Awnings, Deck, Fence
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Subdivision
Buffalo
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Porter Ave to Columbus Pkwy
Standard status
Active
APN
140200-099-740-0001-004-000
Size
4,655 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
5737
Utilities
Heating system
Baseboard, Radiant, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
covered front porch
side garden with stone patio
rear apt wood deck
partially finished attic
full walkout basement
widow's walk
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile, Carpet, Varies
Building materials
Brick, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Susan L Mecca · License #10401232868
(716) 407-0373
Added: Aug 12
Changed: Sep 5
Last Checked: Sep 5 at 7:06PM
MLS# B1706384
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 4,655-square-foot all-brick triplex includes a substantial owner’s residence plus two rear apartments. The primary unit offers 3 bedrooms, 1.5 baths, first-floor laundry, an office or den, a formal dining room, an eat-in kitchen, and a large living room with fireplace. Original hardwood floors, pocket doors, stained glass, wainscoting, natural woodwork, and other period details contribute to the property’s character. The two additional apartments each contain 2 bedrooms and 1 bath. A partially finished attic and full walkout basement provide designated storage, laundry, and workshop areas, with additional living space subject to applicable approvals.
Outdoor features include a covered front porch, side garden with stone patio, and rear wood deck. The property also has a widow’s walk, garage and open parking, newer windows, hardwired fire alarms, smart electric meters, a whole-house water-pressure booster, and a 2022 boiler. The tear-off roof was completed approximately 7 years ago. Located in Buffalo near Downtown, Allentown, Elmwood Village, the waterfront, Peace Bridge, and I-190 access.
Outdoor features include a covered front porch, side garden with stone patio, and rear wood deck. The property also has a widow’s walk, garage and open parking, newer windows, hardwired fire alarms, smart electric meters, a whole-house water-pressure booster, and a 2022 boiler. The tear-off roof was completed approximately 7 years ago. Located in Buffalo near Downtown, Allentown, Elmwood Village, the waterfront, Peace Bridge, and I-190 access.
Key Highlights
- 4,655‑square‑foot all‑brick triplex on 0.18 acres
- Owner’s unit includes 3 bedrooms, 1.5 baths, office or den, fireplace, and first‑floor laundry
- Two rear apartments, each with 2 bedrooms and 1 bath
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
$46,189
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
8.40%
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%
$923,780
$923.8K
Cap Rate 7%
$659,843
$659.8K
Cap Rate 9%
$513,211
$513.2K
Market Conditions
NOI Build-Up for 4,655 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
$69.8K $15.00/SF
− Vacancy
−$3.8K −$0.83/SF
EGI
$66.0K $14.17/SF
− OpEx
−$19.8K −$4.25/SF
NOI
$46.2K $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%
$923,780
Cap Rate 7%
$659,843
Cap Rate 9%
$513,211
Alternative Uses
Best Use
Multifamily LT 5
$659.8K
$577.4K – $769.8K
NOI $46,189 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$607.8K
$531.8K – $709.1K
NOI $42,544 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.12M
$979.5K – $1.31M
NOI $78,360 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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?
Triplex - Three-unit property with a spacious owner’s residence, two rear apartments, and original architectural details.
Where is this triplex located?
The property is located at 720 Columbus Parkway Buffalo, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 4,655‑square‑foot all‑brick triplex on 0.18 acres; Owner’s unit includes 3 bedrooms, 1.5 baths, office or den, fireplace, and first‑floor laundry; Two rear apartments, each with 2 bedrooms and 1 bath
