Updated Duplex With Detached
For Sale
$325,000
1203 Eggert Rd, Buffalo, NY 14226
Two refreshed apartments provide private laundry, separate living areas, and updated kitchens and baths.
Property Size1,776 SF
Price / SF$182
Days on Market87
Property Features for 1203 Eggert Rd
General Information
Standard status
Active
Size
1,776 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private washer and dryer
Building Details
Year Built
1942
Buildings
1
Listing Agency:
J Lawrence Realty
Listed By:
Amy Carrol · License #10301220053
(716) 523-4724
Source:
Thejoshjamesteam
Added: Jul 26
Changed: Oct 15
Last Checked: Oct 7 at 2:14PM
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 J Lawrence Realty
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Investment Insights
Based on property information with market context.
Built in 1942, this two-family property contains two apartments, each with two bedrooms, one full bathroom, a large living room, and an eat-in kitchen. Kitchen improvements include newer stainless steel appliances and durable flooring, while both bathrooms feature new vanities, tiled floors, and tiled tub surrounds. Newer vinyl windows, carpeting, fresh interior paint, and electrical updates completed in 2019 add to the property’s improvements.
Each apartment has a private washer and dryer in the basement. The property also includes two hot water tanks installed in 2018, two regularly serviced furnaces, and a roof replaced within the last 10 years. A detached two-car garage provides parking or storage. The property is located at 1203 Eggert Road in Buffalo, near downtown Buffalo, the University at Buffalo, shopping, restaurants, and other conveniences.
Each apartment has a private washer and dryer in the basement. The property also includes two hot water tanks installed in 2018, two regularly serviced furnaces, and a roof replaced within the last 10 years. A detached two-car garage provides parking or storage. The property is located at 1203 Eggert Road in Buffalo, near downtown Buffalo, the University at Buffalo, shopping, restaurants, and other conveniences.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Updated kitchens with newer stainless steel appliances and improved flooring
- Renovated bathrooms with new vanities, tiled floors, and tiled tub surrounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,622
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,440
$352.4K
Cap Rate 7%
$251,743
$251.7K
Cap Rate 9%
$195,800
$195.8K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$26.6K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.2K $14.17/SF
− OpEx
−$7.6K −$4.25/SF
NOI
$17.6K $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%
$352,440
Cap Rate 7%
$251,743
Cap Rate 9%
$195,800
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,896 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed apartments provide private laundry, separate living areas, and updated kitchens and baths.
Where is this duplex located?
The property is located at 1203 Eggert Rd Buffalo, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Updated kitchens with newer stainless steel appliances and improved flooring; Renovated bathrooms with new vanities, tiled floors, and tiled tub surrounds
