Character-Filled Upper-Lower
105 Wallace Avenue, Buffalo, NY 14214
For Sale
$379,000
Residential, Buffalo, NY
Property Size2,547 SF
Lot Size0.08 Acres
Price / SF$148.80
Days on Market56
Property Features for 105 Wallace Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Fireplace
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Louise O'Brien Adams · License NY 30AD0534077
(716) 603-7276
Added: Sep 15
Changed: Oct 23
Last Checked: Nov 9 at 7:06PM
MLS# B1713683
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.
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Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains 2,547 square feet with two three-bedroom apartments, each arranged with a living room, dining room, open kitchen, one full bathroom, and a private porch. Original woodwork and coffered dining-room ceilings add period detail, while hardwood and tile flooring contribute to the interior character. A fenced yard, garage, deck, balcony, storage, and unfinished attic are also included.
The lower apartment uses baseboard heat, while the upper apartment has forced-air heat and central air conditioning. Both units use natural gas, and the property is served by public water. Built in 1910 with frame construction and wood siding, the home is located at 105 Wallace Avenue in Buffalo, NY 14214. The unfinished attic offers additional space for future planning, subject to applicable approvals and requirements.
The lower apartment uses baseboard heat, while the upper apartment has forced-air heat and central air conditioning. Both units use natural gas, and the property is served by public water. Built in 1910 with frame construction and wood siding, the home is located at 105 Wallace Avenue in Buffalo, NY 14214. The unfinished attic offers additional space for future planning, subject to applicable approvals and requirements.
Key Highlights
- Two‑family duplex with 2,547 square feet
- Both apartments offer 3 bedrooms and 1 full bath
- Upper and lower layouts include living rooms, dining rooms, and open kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,273
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,460
$505.5K
Cap Rate 7%
$361,043
$361.0K
Cap Rate 9%
$280,811
$280.8K
Market Conditions
NOI Build-Up for 2,547 SF
Gross rent
$38.2K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$36.1K $14.17/SF
− OpEx
−$10.8K −$4.25/SF
NOI
$25.3K $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%
$505,460
Cap Rate 7%
$361,043
Cap Rate 9%
$280,811
Alternative Uses
Best Use
Multifamily LT 5
$361.0K
$315.9K – $421.2K
NOI $25,273 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$332.5K
$291.0K – $388.0K
NOI $23,278 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$612.5K
$535.9K – $714.6K
NOI $42,875 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
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Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Buffalo, NY
Properties on Market for Duplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious apartments feature private porches, original woodwork, and separate heating and cooling systems.
Where is this duplex located?
The property is located at 105 Wallace Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑family duplex with 2,547 square feet; Both apartments offer 3 bedrooms and 1 full bath; Upper and lower layouts include living rooms, dining rooms, and open kitchens
