Two-Family Home with Adjacent
132 Royal Avenue Buffalo, NY 14207
New
132 Royal Avenue, Buffalo, NY, 14207
$199,000
For Sale
$199,000
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,840 SF
Lot Size0.07 Acres
Price / SF$108.15
Days on Market2
Property Features for 132 Royal Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Basement
- Patio and Porch features
- Porch
- Interior features
- Attic, NaturalWoodwork, BedroomOnMainLevel
- Exterior features
- EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-077-560-0005-004-000
- Size
- 1,840 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1773
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- VinylSiding, PexPlumbing
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
MJ Peterson Real Estate Inc.
(716) 689-7800
200 John James Audubon Ste 101, NY
Listed by
Nicholas M Lunetta · License #10401366040
(716) 861-7171
Added: Jul 16 Checked: Jul 17 at 3:06 pm
MLS# B1695678
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
132 Royal Avenue is a two-family home offering two distinct residential units with a flexible lower-unit layout that can function as a one- or two-bedroom apartment. The property includes a screened-in front porch and multiple recent updates, including a new roof, newer electrical panels, two newer hot water tanks, forced air furnaces, updated bathrooms, new LVP flooring, fresh paint, and newer vinyl replacement windows.
The main lower unit features a kitchen, living/dining room, family room, a spacious bedroom, and a full bathroom. The upstairs unit includes two bedrooms, a large eat-in kitchen, and an expansive living room with a dedicated dining area, along with direct access to a finished third-floor attic.
An adjacent lot is included in the sale, providing options for future expansion, outdoor living, additional parking, or other long-term uses in connection with the property.
The main lower unit features a kitchen, living/dining room, family room, a spacious bedroom, and a full bathroom. The upstairs unit includes two bedrooms, a large eat-in kitchen, and an expansive living room with a dedicated dining area, along with direct access to a finished third-floor attic.
An adjacent lot is included in the sale, providing options for future expansion, outdoor living, additional parking, or other long-term uses in connection with the property.
Key Highlights
- Two‑family home with flexible unit layout: lower unit can function as a 1- or 2‑bedroom apartment
- Finished third‑floor attic accessed from the second‑floor unit, offering potential to expand living space
- Recent updates include a new shingle roof (25'), two newer 100‑amp electrical panels, and two newer gas hot water tanks (19' & 22')
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with recent updates, plus an included adjacent lot for expansion or additional parking options.
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: Two‑family home with flexible unit layout: lower unit can function as a 1- or 2‑bedroom apartment; Finished third‑floor attic accessed from the second‑floor unit, offering potential to expand living space; Recent updates include a new shingle roof (25'), two newer 100‑amp electrical panels, and two newer gas hot water tanks (19' & 22')
