Six-Bedroom
For Sale
$299,900
106 Jewett Avenue, Buffalo, NY 14214
Residential, Buffalo, NY
Property Size2,362 SF
Lot Size0.12 Acres
Price / SF$126.97
Days on Market51
Property Features for 106 Jewett Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2
Patio and Porch features
Porch, Patio
Exterior features
Balcony, FullyFenced, Patio
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-089-440-0009-021-000
Size
2,362 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3554
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Carpet, Tile
Building materials
Brick, VinylSiding, WoodSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Pioneer Star Real Estate Inc.
(716) 689-7250
Listed By:
Pushpa Gunatilake · License #10311200587
(716) 907-3046
Added: Jul 14
Changed: Aug 19
Last Checked: Sep 2 at 12:06PM
MLS# B1698700
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 two-unit residential property contains 2362 square feet, with a three-bedroom apartment on each level. The 1920-built home includes hardwood, carpet, and tile flooring, along with forced-air heating powered by natural gas and a gas water heater. Brick, vinyl siding, and wood siding contribute to the exterior construction mix.
Outdoor features include a balcony, porch, patio, and fully fenced grounds on a 0.1194-acre lot. Public water service and an asphalt shingle roof are also in place. The property is situated near shopping, restaurants, schools, parks, public transportation, and major roadways in Buffalo’s 14214 ZIP Code.
Outdoor features include a balcony, porch, patio, and fully fenced grounds on a 0.1194-acre lot. Public water service and an asphalt shingle roof are also in place. The property is situated near shopping, restaurants, schools, parks, public transportation, and major roadways in Buffalo’s 14214 ZIP Code.
Key Highlights
- Two residential units, each with 3 bedrooms
- 2362 square feet on a 0.1194‑acre lot
- Built in 1920
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
$23,437
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
7.81%
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%
$468,740
$468.7K
Cap Rate 7%
$334,814
$334.8K
Cap Rate 9%
$260,411
$260.4K
Market Conditions
NOI Build-Up for 2,362 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
$35.4K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$33.5K $14.17/SF
− OpEx
−$10.0K −$4.25/SF
NOI
$23.4K $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%
$468,740
Cap Rate 7%
$334,814
Cap Rate 9%
$260,411
Alternative Uses
Best Use
Multifamily LT 5
$334.8K
$293.0K – $390.6K
NOI $23,437 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$308.4K
$269.8K – $359.8K
NOI $21,587 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit home with upper and lower apartments, outdoor space, and access to everyday amenities.
Where is this duplex located?
The property is located at 106 Jewett Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms; 2362 square feet on a 0.1194‑acre lot; Built in 1920
