Two-Family Duplex with Screened
For Sale
$199,000
132 Royal Avenue, Buffalo, NY 14207
Updated two-family duplex with a screened-in front porch and an adjacent lot included for expansion and added parking.
Property Size1,840 SF
Days on Market21
Property Features for 132 Royal Avenue
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Duplex
Building Details
Building Size
1,840 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 861-7171
Listed By:
Nicholas M Lunetta · License #10401366040
(716) 861-7171
Source:
Highfallssir
Added: Jul 16
Changed: Jul 31
Last Checked: Aug 4 at 8:48AM
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 MJ Peterson Real Estate Inc.
Investment Insights
Based on property information with market context.
132 Royal Avenue is a two-family duplex with a flexible layout and numerous recent updates in Buffalo’s Riverside neighborhood. The property includes an adjacent lot in the sale, creating options for outdoor living, future expansion, and additional parking.
Improvements include a new roof (25'), two newer 100-amp electrical panels, two newer hot water tanks (19' & 22'), forced air furnaces, new LVP flooring and fresh paint throughout, updated bathrooms, a screened-in front porch, and newer vinyl replacement windows. The versatile lower unit can operate as either a 1- or 2-bedroom apartment and offers a kitchen, living/dining room, family room, spacious bedroom, and a full bathroom. The upstairs unit features two bedrooms, a large eat-in kitchen, and an expansive living room with a dedicated dining area.
The second-floor unit also provides direct access to a finished third-floor attic, offering room to expand into an owner’s suite, additional bedrooms, a home office, or recreation space. Built in 1900, the home is designed for both owner-occupants and investors.
Improvements include a new roof (25'), two newer 100-amp electrical panels, two newer hot water tanks (19' & 22'), forced air furnaces, new LVP flooring and fresh paint throughout, updated bathrooms, a screened-in front porch, and newer vinyl replacement windows. The versatile lower unit can operate as either a 1- or 2-bedroom apartment and offers a kitchen, living/dining room, family room, spacious bedroom, and a full bathroom. The upstairs unit features two bedrooms, a large eat-in kitchen, and an expansive living room with a dedicated dining area.
The second-floor unit also provides direct access to a finished third-floor attic, offering room to expand into an owner’s suite, additional bedrooms, a home office, or recreation space. Built in 1900, the home is designed for both owner-occupants and investors.
Key Highlights
- Adjacent lot included with the duplex for expansion, outdoor space, or additional parking
- Screened‑in front porch and newer vinyl replacement windows
- New roof (25') plus two newer 100‑amp electrical panels
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 | $27.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $26.1k | $14.17 |
| − OpEx | −$7.8k | −$4.25 |
| NOI | $18.3k | $9.92 |
1,840 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$442.5K
$387.2K – $516.2K
NOI $30,974 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family duplex with a screened-in front porch and an adjacent lot included for expansion and added parking.
Where is this duplex located?
The property is located at 132 Royal Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Adjacent lot included with the duplex for expansion, outdoor space, or additional parking; Screened‑in front porch and newer vinyl replacement windows; New roof (25') plus two newer 100‑amp electrical panels
