Two-Unit Duplex with Walk-Up
For Sale
$334,900
121 Tacoma Ave, Buffalo, NY 14216
Two flexible units include separate utilities, laundry hookups, and outdoor porch and deck space.
Property Size2,736 SF
Price / SF$122.40
Days on Market59
Property Features for 121 Tacoma Ave
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
full walk-up attic
dry basement
separate laundry hookups
oversized rear deck
upper front and rear porches
fully fenced yard
Building Details
Year Built
1927
Listing Agency:
716 Realty Group WNY LLC
Listed By:
Jeanmarie Muscarella · License #10401376088
(716) 982-5388
Source:
Thejoshjamesteam
Added: Aug 13
Changed: Sep 19
Last Checked: Oct 7 at 2:41PM
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 716 Realty Group WNY LLC
Investment Insights
Based on property information with market context.
Built in 1927, this duplex contains two apartments, each with 3 bedrooms, 1 full bathroom, and practical living areas. The lower unit is vacant, while the upper unit is occupied by a month-to-month tenant. Both furnaces and hot water tanks were updated in 2014, the roof was replaced in 2011, and the insulation has been fully replaced.
A full walk-up attic provides approximately 1,300 square feet of unfinished space. The dry basement includes separate laundry hookups, storage, electrical panels, and meters for each unit. Exterior features include an oversized rear deck, front and rear porches serving the upper apartment, and a fully fenced yard with vinyl fencing. The property is located near shopping, restaurants, parks, and everyday amenities in North Buffalo.
A full walk-up attic provides approximately 1,300 square feet of unfinished space. The dry basement includes separate laundry hookups, storage, electrical panels, and meters for each unit. Exterior features include an oversized rear deck, front and rear porches serving the upper apartment, and a fully fenced yard with vinyl fencing. The property is located near shopping, restaurants, parks, and everyday amenities in North Buffalo.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 1‑bathroom apartments
- Lower unit vacant; upper unit occupied by a month‑to‑month tenant
- Approximately 1,300 square feet of unfinished walk‑up attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,148
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,960
$543.0K
Cap Rate 7%
$387,829
$387.8K
Cap Rate 9%
$301,644
$301.6K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$41.0K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$38.8K $14.17/SF
− OpEx
−$11.6K −$4.25/SF
NOI
$27.1K $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%
$542,960
Cap Rate 7%
$387,829
Cap Rate 9%
$301,644
Alternative Uses
Best Use
Multifamily LT 5
$387.8K
$339.4K – $452.5K
NOI $27,148 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$658.0K
$575.7K – $767.6K
NOI $46,057 @ 7.0% cap · market cap 13.75%
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
1,248
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two flexible units include separate utilities, laundry hookups, and outdoor porch and deck space.
Where is this duplex located?
The property is located at 121 Tacoma Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom, 1‑bathroom apartments; Lower unit vacant; upper unit occupied by a month‑to‑month tenant; Approximately 1,300 square feet of unfinished walk‑up attic space
