2-Unit Renovated
New
For Sale
$349,900
75 Majestic Terrace, Buffalo, NY 14218
Residential, Buffalo, NY
Property Size2,214 SF
Price / SF$158.04
Days on Market4
Property Features for 75 Majestic Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential Multi Use
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5
Parking features
Garage, Open
Patio and Porch features
Patio
Interior features
CeilingFans, NaturalWoodwork
Exterior features
Patio, PrivateYard
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Cul De Sac, Irregular Lot, Near Public Transit, Residential Lot
Elementary school
Truman Elementary
Middle school
Lackawanna Middle
High school
Lackawanna High
Elementary school district
Lackawanna
Middle school district
Lackawanna
High school district
Lackawanna
Directions
Abbott Rd to Majestic. Property is on your right.
Standard status
Active
APN
140900-142-200-0002-027-000
Size
2,214 SF
Taxes and HOA fees
Tax Annual Amount
6436
Utilities
Heating system
Forced Air, Other (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
full basement
central air
concrete patio
shed
Building Details
Year built
1967
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Hardwood, Varies
Building materials
Brick, CompositeSiding, Frame
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 646-6400
Listed By:
Deb Pytlak · License #10401302238
(716) 208-4766
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 2 at 12:06AM
MLS# B1718224
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 2,214-square-foot duplex contains two residences, each with a kitchen, three bedrooms, and a full bathroom. The interiors and kitchens were updated in 2019, along with the bathrooms, windows, siding, lighting, doors, and finishes. Central air serves the property, and the roof was also replaced in 2019. A full basement provides additional storage and utility space; laundry hookups are installed in one bedroom in each unit.
The property has separate entrances and utility services for each residence. Outdoor features include a concrete patio, a yard shed, parking for more than two vehicles, and a 2.5-car garage with electric service and a patio door.
The property has separate entrances and utility services for each residence. Outdoor features include a concrete patio, a yard shed, parking for more than two vehicles, and a 2.5-car garage with electric service and a patio door.
Key Highlights
- Two residences, each with a kitchen, 3 bedrooms, and a full bath
- 2,214 square feet; renovated in 2019
- Separate entrances and utilities for each unit
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
$21,968
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
6.28%
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%
$439,360
$439.4K
Cap Rate 7%
$313,829
$313.8K
Cap Rate 9%
$244,089
$244.1K
Market Conditions
NOI Build-Up for 2,214 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
$33.2K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.4K $14.17/SF
− OpEx
−$9.4K −$4.25/SF
NOI
$22.0K $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%
$439,360
Cap Rate 7%
$313,829
Cap Rate 9%
$244,089
Alternative Uses
Best Use
Multifamily LT 5
$313.8K
$274.6K – $366.1K
NOI $21,968 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$532.4K
$465.9K – $621.2K
NOI $37,270 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
142
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 separate residences include individual kitchens, private entrances, and utility services.
Where is this duplex located?
The property is located at 75 Majestic Terrace Buffalo, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residences, each with a kitchen, 3 bedrooms, and a full bath; 2,214 square feet; renovated in 2019; Separate entrances and utilities for each unit
