Two-Unit Duplex with Fenced
129 Albert Ave Buffalo, NY 14207
129 Albert Ave, Buffalo, NY, 14207
$184,900
Pending
For Sale
$184,900
Pending
2/2 duplex with an attic, basement, fenced yard, and separate utilities, with an upstairs unit ready to show.
Property Size1,628 SF
Days on Market617
Property Features for 129 Albert Ave
General Information
- Standard status
- Pending
- Size
- 1,628 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Sell Your Home Services LLC
(888) 219-3009
Listed by
Sell Your Home Services · License #358681
(888) 219-3009
Source
Xome
Added: Nov 12, 2024 Updated: Jul 20 at 8:03PM Checked: Jul 21 at 3:53AM
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 Sell Your Home Services LLC
Investment Insights
Based on property information with market context.
Located at 129 Albert Ave, Buffalo, NY 14207, this 2/2 vinyl-sided duplex includes an attic and basement, plus a fenced yard. The upper unit is vacant and has a freshly painted interior, carpeted living/dining rooms, a porch, a kitchen with ample cupboards, two bedrooms with closets, and a refreshed bath.
The lower unit is tenant-occupied and features a spacious living room, a hardwood-floored dining area with stained-glass windows, an eat-in kitchen, two carpeted bedrooms with well-sized closets, and an updated bath. The property is in a well-kept area and offers off-street parking, with separate utilities for the two units.
The property recently passed FHA approval and is back on the market after being under contract. A 2024 Rental Compliance Certificate is in place, supporting its current rental readiness.
The lower unit is tenant-occupied and features a spacious living room, a hardwood-floored dining area with stained-glass windows, an eat-in kitchen, two carpeted bedrooms with well-sized closets, and an updated bath. The property is in a well-kept area and offers off-street parking, with separate utilities for the two units.
The property recently passed FHA approval and is back on the market after being under contract. A 2024 Rental Compliance Certificate is in place, supporting its current rental readiness.
Key Highlights
- 2/2 duplex with vinyl exterior, attic, and basement
- Upper unit is vacant and freshly painted, with carpeted living/dining rooms, porch, and 2 bedrooms
- Lower unit is tenant‑occupied and includes a spacious living room, hardwood dining area with stained‑glass windows, and an eat‑in kitchen
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 | $24.4k | $15.00 |
| − Vacancy | −$1.3k | −$0.83 |
| EGI | $23.1k | $14.17 |
| − OpEx | −$6.9k | −$4.25 |
| NOI | $16.2k | $9.92 |
1,628 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.0K
NOI $14,879 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 2/2 duplex with an attic, basement, fenced yard, and separate utilities, with an upstairs unit ready to show.
Where is this duplex located?
The property is located at 129 Albert Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 2/2 duplex with vinyl exterior, attic, and basement; Upper unit is vacant and freshly painted, with carpeted living/dining rooms, porch, and 2 bedrooms; Lower unit is tenant‑occupied and includes a spacious living room, hardwood dining area with stained‑glass windows, and an eat‑in kitchen
