Duplex with
New
For Sale
$375,000
1137 Hertel Avenue, Buffalo, NY 14216
Residential, Buffalo, NY
Property Size2,758 SF
Lot Size0.13 Acres
Price / SF$135.97
Days on Market1
Property Features for 1137 Hertel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Basement, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2
Parking features
Garage
Interior features
NaturalWoodwork
Exterior features
Balcony
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-078-710-0001-007-000
Size
2,758 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3561
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
covered front porches
laundry hookups
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies
Building materials
CompositeSiding, VinylSiding, CopperPlumbing
Roof type
Shingle
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Philippe Khoury · License #10301223270
(716) 906-1149
Added: Oct 10
Last Checked: Oct 10 at 9:06AM
MLS# B1720486
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 1910 duplex contains 2,758 square feet across two residences, each with three bedrooms, a living room, formal dining room, and kitchen. A tiled entry foyer welcomes residents, and an enclosed bonus area sits off a rear bedroom. The building has composite and vinyl siding, hardwood and vinyl flooring, and a two-car garage. Major equipment updates include a roof installed four years ago, plus furnaces and hot water tanks replaced two years ago; the interior has also been freshly painted.
At 1137 Hertel Avenue in Buffalo, the property is near dining and shopping along Hertel Avenue and Delaware Avenue. The 0.1306-acre parcel has public water service.
At 1137 Hertel Avenue in Buffalo, the property is near dining and shopping along Hertel Avenue and Delaware Avenue. The 0.1306-acre parcel has public water service.
Key Highlights
- Two residences with three bedrooms apiece; 2,758 square feet total
- Two‑car garage and separate utilities for each residence
- Laundry hookups in both residences
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
944
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utilities and laundry hookups, with a garage providing additional on-site parking.
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 residences with three bedrooms apiece; 2,758 square feet total; Two‑car garage and separate utilities for each residence; Laundry hookups in both residences
