Two-Unit Duplex with
New
For Sale
$239,900
116 Grove Street, Buffalo, NY 14207
Residential, Buffalo, NY
Property Size2,112 SF
Lot Size0.08 Acres
Price / SF$113.59
Days on Market3
Property Features for 116 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Basement, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 11, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 9, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 4
Parking features
Garage
Interior features
NaturalWoodwork
Exterior features
Awnings
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Military or Hertel to Elmwood to Grove.
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-077-600-0002-004-000
Size
2,112 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2249
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central air
laundry hookups
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies
Building materials
VinylSiding, CopperPlumbing
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Patricia S Freling · License #10301202483
(716) 435-7163
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# B1721130
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 2,112-square-foot duplex contains two apartments: a lower unit with two bedrooms and a formal dining room, and an upper unit with three bedrooms and a large living room. Both apartments have eat-in kitchens, hardwood floors, built-in storage, and laundry hookups. Central air serves the property, with updated furnaces, hot water heaters, and electrical service. The 0.084-acre lot includes a two-car garage with newer doors and electricity, a concrete driveway, and off-street parking.
Key Highlights
- Two apartments: lower unit has 2 bedrooms; upper unit has 3
- 2,112 square feet on a 0.084‑acre lot
- Two‑car garage with newer doors and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$31.7K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.9K $14.17/SF
− OpEx
−$9.0K −$4.25/SF
NOI
$21.0K $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%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$275.7K
$241.3K – $321.7K
NOI $19,302 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$507.9K
$444.4K – $592.6K
NOI $35,553 @ 7.0% cap · market cap 14.82%
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
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
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 - Separate two- and three-bedroom apartments feature eat-in kitchens, laundry hookups, and central air conditioning.
Where is this duplex located?
The property is located at 116 Grove Street Buffalo, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two apartments: lower unit has 2 bedrooms; upper unit has 3; 2,112 square feet on a 0.084‑acre lot; Two‑car garage with newer doors and electricity
