North Buffalo Duplex with
102 Saranac Avenue Buffalo, NY 14216
For Sale
$400,000
Well-maintained duplex offers two separate units with individual utilities, laundry hookups, and detached two-car garage.
Property Size2,785 SF
Lot Size0.13 Acres
Price / SF$143.63
Days on Market88
Property Features for 102 Saranac Avenue
General Information
Standard status
Active
Size
2,785 SF
Lot size
0.13 Acres
Property subtype
Multi-Family
Building Details
Year Built
1917
Listing Agency:
Giambra Realty Corp
(716) 239-6432
Listed By:
Nicholas Giambra
Source:
Xome
Added: May 3
Changed: Jul 23
Last Checked: Jul 23 at 4:06AM
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 Giambra Realty Corp
Investment Insights
Based on property information with market context.
102 Saranac Avenue is a well-maintained duplex in North Buffalo, featuring two residential units within a shared layout. The lower unit includes classic original details such as oak hardwood floors, unpainted wood doors, baseboards, window casings, a wood mantel, and built-in shelving. The upper unit is leased through February, with appliances included.
Both units have separate gas and electric meters on circuit breakers, and each unit has its own gas hot water tank replaced two years ago. The full basement provides individual laundry hookups and separate storage rooms for the building and for each apartment. Washers and dryers convey with the sale, and a steel carrier beam supports the structure.
Outside, the property offers a blacktop driveway, a detached two-car garage, and a new concrete walkway and pad around the garage. The lot is described as extra-deep, measuring 33 by 175.
Both units have separate gas and electric meters on circuit breakers, and each unit has its own gas hot water tank replaced two years ago. The full basement provides individual laundry hookups and separate storage rooms for the building and for each apartment. Washers and dryers convey with the sale, and a steel carrier beam supports the structure.
Outside, the property offers a blacktop driveway, a detached two-car garage, and a new concrete walkway and pad around the garage. The lot is described as extra-deep, measuring 33 by 175.
Key Highlights
- North Buffalo duplex on a 33x175 lot with 2,785 SF of living space
- Upper unit leased at $1,500/month through February; appliances included
- Central air and gas heating; upper unit forced air system with central air added about one year ago
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $39.5k | $14.17 |
| − OpEx | −$11.8k | −$4.25 |
| NOI | $27.6k | $9.92 |
2,785 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.8K
$345.4K – $460.6K
NOI $27,634 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$363.6K
$318.2K – $424.2K
NOI $25,453 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$669.7K
$586.0K – $781.4K
NOI $46,882 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex offers two separate units with individual utilities, laundry hookups, and detached two-car garage.
Where is this duplex located?
The property is located at 102 Saranac Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: North Buffalo duplex on a 33x175 lot with 2,785 SF of living space; Upper unit leased at $1,500/month through February; appliances included; Central air and gas heating; upper unit forced air system with central air added about one year ago
