Duplex with Family Room
For Sale
$449,900
1161 Hertel Avenue, Buffalo, NY 14216
Two residential units feature updated interiors, separate living areas, and a three-car garage.
Property Size3,144 SF
Days on Market16
Property Features for 1161 Hertel Avenue
General Information
Standard status
Active
Size
3,144 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,776
Amenities
closed in porch
hardwood floors
artificial fireplace
walk in pantry
balcony
a/c
ceiling fans
Building Details
Building Size
3,144 SF
Year Built
1917
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joe Sorrentino Jr · License #40SO1107100
(716) 207-2994
Source:
Highfallssir
Added: Sep 21
Changed: Oct 2
Last Checked: Oct 6 at 12:41AM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Built in 1917, this duplex has two units with hardwood flooring, custom cabinetry, and updated electrical and plumbing. The first-floor residence includes an enclosed porch, a walk-in pantry, and a 240-square-foot family room addition with a full bath, kitchenette, and separate entrance. Upstairs, the three-bedroom unit has a balcony and laundry hookups in the kitchen. Both units have air conditioning.
Exterior improvements include replacement windows, vinyl siding, a tear-off roof installed 8 years ago, a new sewer line to the street, and a three-car garage. The property also has insulation and drywall installed as part of a substantial interior rebuild.
Exterior improvements include replacement windows, vinyl siding, a tear-off roof installed 8 years ago, a new sewer line to the street, and a three-car garage. The property also has insulation and drywall installed as part of a substantial interior rebuild.
Key Highlights
- Two‑unit duplex built in 1917
- 240‑square‑foot family room addition with full bath, kitchenette, and separate entrance
- Upstairs unit has 3 bedrooms, a balcony, and kitchen laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,196
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,920
$623.9K
Cap Rate 7%
$445,657
$445.7K
Cap Rate 9%
$346,622
$346.6K
Market Conditions
NOI Build-Up for 3,144 SF
Gross rent
$47.2K $15.00/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$44.6K $14.17/SF
− OpEx
−$13.4K −$4.25/SF
NOI
$31.2K $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%
$623,920
Cap Rate 7%
$445,657
Cap Rate 9%
$346,622
Alternative Uses
Best Use
Multifamily LT 5
$445.7K
$390.0K – $519.9K
NOI $31,196 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$410.5K
$359.2K – $478.9K
NOI $28,734 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$756.1K
$661.6K – $882.1K
NOI $52,925 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated interiors, separate living areas, and a three-car garage.
Where is this duplex located?
The property is located at 1161 Hertel Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1917; 240‑square‑foot family room addition with full bath, kitchenette, and separate entrance; Upstairs unit has 3 bedrooms, a balcony, and kitchen laundry hookups
