Duplex with Separate
For Sale
$549,900
1017 Lafayette Avenue, Buffalo, NY 14209
Two separate residences include private laundry, covered porches, and dedicated living areas.
Property Size2,077 SF
Days on Market58
Property Features for 1017 Lafayette Avenue
General Information
Standard status
Active
Size
2,077 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Masten Park
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,286
Amenities
covered front porch
covered rear porch
in-unit washer/dryer
central air conditioning
gas forced-air heat
Building Details
Building Size
2,077 SF
Year Built
2023
Listing Agency:
HUNT Real Estate ERA
Listed By:
William-Will Severyn · License #10401400381
(716) 912-0969
Source:
Highfallssir
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
Constructed in 2023, this 2,077-square-foot duplex contains two independently arranged residences. The upper unit provides 2 bedrooms and 1.5 baths, while the lower unit includes 1 bedroom and 1 full bath. Each residence has its own washer and dryer, separate utilities, and dedicated living space. Covered porches serve both units, with the upper porch at the front and the lower porch at the rear.
The property includes central air conditioning, gas forced-air heat, a low-maintenance exterior, and off-street parking behind the building. Located on Lafayette Avenue in Buffalo, the duplex offers access to shopping, dining, entertainment, and Downtown Buffalo.
The property includes central air conditioning, gas forced-air heat, a low-maintenance exterior, and off-street parking behind the building. Located on Lafayette Avenue in Buffalo, the duplex offers access to shopping, dining, entertainment, and Downtown Buffalo.
Key Highlights
- 2,077‑square‑foot duplex built in 2023
- Upper unit includes 2 bedrooms, 1.5 baths, and a covered front porch
- Lower unit includes 1 bedroom, 1 full bath, and a covered rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,609
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,180
$412.2K
Cap Rate 7%
$294,414
$294.4K
Cap Rate 9%
$228,989
$229.0K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$31.2K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.4K $14.17/SF
− OpEx
−$8.8K −$4.25/SF
NOI
$20.6K $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 Rate 5%
$412,180
Cap Rate 7%
$294,414
Cap Rate 9%
$228,989
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,609 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$499.5K
$437.0K – $582.7K
NOI $34,963 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 14209, NY
8,251
Population
4,729
Households
1.7
Avg Household Size
39
Median Age
46%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
8,251
Density / Sq Mi
$49,359
Median Household Income
$33,329
Median Earnings
$1,025
Median Rent
$408,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include private laundry, covered porches, and dedicated living areas.
Where is this duplex located?
The property is located at 1017 Lafayette Avenue 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: 2,077‑square‑foot duplex built in 2023; Upper unit includes 2 bedrooms, 1.5 baths, and a covered front porch; Lower unit includes 1 bedroom, 1 full bath, and a covered rear porch
