Two-Unit Residential Income
119 Fay Street Buffalo, NY 14211
119 Fay Street, Buffalo, NY, 14211
$170,000
For Sale
$170,000
Duplex offers two units with separate bedroom and bath configurations and recent electrical, heating, and roofing updates.
Property Size1,506 SF
Price / SF$112.88
Days on Market80
Property Features for 119 Fay Street
General Information
- Standard status
- Active
- Size
- 1,506 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1935
Listing agency
(716) 208-6099
Listed by
Trank Real Estate
(716) 208-6099
Source
Xome
Added: May 5 Updated: Jul 22 at 11:45AM Checked: Jul 22 at 11:45AM
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 Trank Real Estate
Investment Insights
Based on property information with market context.
This duplex includes an upstairs unit with 2 bedrooms and 1 bathroom, and a lower unit with 3 bedrooms and 1 bathroom. The property features updates that include newer electric, heating, and a newer roof.
Located near thoroughfares and shopping, the home provides convenient access to everyday needs.
With distinct unit layouts across two levels, the property supports flexible occupancy or rental use for qualifying buyers.
Located near thoroughfares and shopping, the home provides convenient access to everyday needs.
With distinct unit layouts across two levels, the property supports flexible occupancy or rental use for qualifying buyers.
Key Highlights
- Duplex with separate bedroom and bath configurations: upstairs 2 beds/1 bath and lower 3 beds/1 bath
- Updates reported: newer electric, heating, and roof
- Basement: 3 (interior) with vinyl flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $21.3k | $14.17 |
| − OpEx | −$6.4k | −$4.25 |
| NOI | $14.9k | $9.92 |
1,506 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.5K
$186.8K – $249.1K
NOI $14,943 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$196.6K
$172.1K – $229.4K
NOI $13,764 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$362.2K
$316.9K – $422.5K
NOI $25,351 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers two units with separate bedroom and bath configurations and recent electrical, heating, and roofing updates.
Where is this duplex located?
The property is located at 119 Fay Street Buffalo, NY.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Duplex with separate bedroom and bath configurations: upstairs 2 beds/1 bath and lower 3 beds/1 bath; Updates reported: newer electric, heating, and roof; Basement: 3 (interior) with vinyl flooring
