Duplex with Covered
For Sale
$375,000
1137 Hertel Avenue, Buffalo, NY 14216
Separate utilities and laundry hookups for both units support independent household operations.
Property Size2,758 SF
Days on Market8
Property Features for 1137 Hertel Avenue
General Information
Standard status
Active
Size
2,758 SF
Total Parking Spaces
2
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,561
Building Details
Building Size
2,758 SF
Year Built
1910
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Philippe Khoury · License #10301223270
(716) 906-1149
Source:
Highfallssir
Added: Oct 10
Changed: Oct 17
Last Checked: Oct 16 at 6:13PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this two-unit duplex has covered front porches and vinyl/composite siding. Each unit has separate utilities and laundry hookups. Interior features include tiled entry foyers, living rooms, formal dining rooms, kitchens, three bedrooms, and an enclosed bonus area adjoining a rear bedroom. The property also includes a garage for two cars.
Recent improvements include a roof installed 4 years ago, furnaces and hot water tanks replaced 2 years ago, and fresh interior paint. The property is in North Buffalo, near Hertel Avenue dining and shopping and Delaware Avenue.
Recent improvements include a roof installed 4 years ago, furnaces and hot water tanks replaced 2 years ago, and fresh interior paint. The property is in North Buffalo, near Hertel Avenue dining and shopping and Delaware Avenue.
Key Highlights
- Two‑unit duplex with separate utilities and laundry hookups for each unit
- Three bedrooms, living room, formal dining room, and kitchen in each unit
- Roof is 4 years old; furnaces and hot water tanks are 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,366
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,320
$547.3K
Cap Rate 7%
$390,943
$390.9K
Cap Rate 9%
$304,067
$304.1K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$41.4K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$39.1K $14.17/SF
− OpEx
−$11.7K −$4.25/SF
NOI
$27.4K $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 Rate 5%
$547,320
Cap Rate 7%
$390,943
Cap Rate 9%
$304,067
Alternative Uses
Best Use
Multifamily LT 5
$390.9K
$342.1K – $456.1K
NOI $27,366 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$360.1K
$315.1K – $420.1K
NOI $25,206 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,427 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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 - Separate utilities and laundry hookups for both units support independent household operations.
Where is this duplex located?
The property is located at 1137 Hertel Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities and laundry hookups for each unit; Three bedrooms, living room, formal dining room, and kitchen in each unit; Roof is 4 years old; furnaces and hot water tanks are 2 years old
