Duplex with Two-Car
New
For Sale
$209,900
128 Weiss Street, Buffalo, NY 14206
Two separate units have independent utilities, with a two-bedroom front apartment and a larger rear residence.
Property Size2,048 SF
Days on Market6
Property Features for 128 Weiss Street
General Information
Standard status
Active
Size
2,048 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,030
Building Details
Building Size
2,048 SF
Year Built
1886
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Jason P Sokody · License #10301212761
(716) 603-2516
Source:
Highfallssir
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 4:55PM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
Built in 1886, this duplex contains two distinct residences. The front unit has two bedrooms, a living room, and an eat-in kitchen. The rear unit offers two first-floor bedrooms plus a large upstairs bedroom, a combined living and dining area, an eat-in kitchen, in-unit laundry, and additional storage. A two-car garage and porches are also on the property.
The property occupies a double lot in Kaisertown, Buffalo. Improvements include a new roof on the house, garage, and porches, along with new gutters. Other updates include the electrical service, furnace, hot water tank, vinyl siding, and some windows. The units have separate utilities.
The property occupies a double lot in Kaisertown, Buffalo. Improvements include a new roof on the house, garage, and porches, along with new gutters. Other updates include the electrical service, furnace, hot water tank, vinyl siding, and some windows. The units have separate utilities.
Key Highlights
- Two‑unit duplex on a double lot
- Front residence has 2 bedrooms; rear residence has 3 bedrooms, including an upstairs bedroom
- Two‑car garage and porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,717
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,340
$374.3K
Cap Rate 7%
$267,386
$267.4K
Cap Rate 9%
$207,967
$208.0K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$35.6K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$34.0K $16.62/SF
− OpEx
−$15.3K −$7.48/SF
NOI
$18.7K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,340
Cap Rate 7%
$267,386
Cap Rate 9%
$207,967
Alternative Uses
Best Use
Multifamily LT 5
$290.3K
$254.0K – $338.7K
NOI $20,321 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,717 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$492.5K
$430.9K – $574.6K
NOI $34,475 @ 7.0% cap · market cap 16.42%
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
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
Check the figures for this property
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 separate units have independent utilities, with a two-bedroom front apartment and a larger rear residence.
Where is this duplex located?
The property is located at 128 Weiss Street Buffalo, NY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit duplex on a double lot; Front residence has 2 bedrooms; rear residence has 3 bedrooms, including an upstairs bedroom; Two‑car garage and porches
