Duplex with Hardwood
New
For Sale
$229,000
111 19th Street, Buffalo, NY 14213
Two apartments offer distinct bedroom counts, with a kitchen, living room, and dining room in each.
Property Size2,263 SF
Days on Market6
Property Features for 111 19th Street
General Information
Standard status
Active
Size
2,263 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,290
Building Details
Building Size
2,263 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
HUNT Real Estate ERA
Listed By:
Joseph A Trifilo · License #40TR0760579
(716) 553-3939
Source:
Highfallssir
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:12PM
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.
This 1900-built duplex contains two apartments: a lower-level two-bedroom, one-bath unit and an upper-level three-bedroom, one-bath unit. Each has a kitchen, living room, and dining room. Hardwood flooring runs through both residences, and the upper apartment includes handcrafted wooden doors. The property is being sold in as-is condition, with no seller repairs planned based on inspection or appraisal results.
The building is on Buffalo’s West Side, about two minutes from Richmond Avenue. Downtown Buffalo, Front Park, the Niagara River, and the Peace Bridge are also identified as accessible destinations.
The building is on Buffalo’s West Side, about two minutes from Richmond Avenue. Downtown Buffalo, Front Park, the Niagara River, and the Peace Bridge are also identified as accessible destinations.
Key Highlights
- Duplex with two apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom
- Each apartment includes a kitchen, living room, and dining room
- Hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,682
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,640
$413.6K
Cap Rate 7%
$295,457
$295.5K
Cap Rate 9%
$229,800
$229.8K
Market Conditions
NOI Build-Up for 2,263 SF
Gross rent
$39.4K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$37.6K $16.62/SF
− OpEx
−$16.9K −$7.48/SF
NOI
$20.7K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,640
Cap Rate 7%
$295,457
Cap Rate 9%
$229,800
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$295.5K
$258.5K – $344.7K
NOI $20,682 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,094 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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 apartments offer distinct bedroom counts, with a kitchen, living room, and dining room in each.
Where is this duplex located?
The property is located at 111 19th Street Buffalo, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex with two apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom; Each apartment includes a kitchen, living room, and dining room; Hardwood floors in both units
