Vacant Multifamily
For Sale
$169,999
31 Woltz Ave, Buffalo, NY 14212
Two-story residential income property offered with an additional plot of land and delivered vacant.
Property Size1,280 SF
Price / SF$132.81
Days on Market78
Property Features for 31 Woltz Ave
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Towne Housing Real Estate
Listed By:
Mahbubul Haq · License #10401380010
(718) 825-1380
Source:
Thejoshjamesteam
Added: Jul 22
Changed: Sep 23
Last Checked: Oct 5 at 7:48PM
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 Towne Housing Real Estate
Investment Insights
Based on property information with market context.
This multifamily property at 31 Woltz Ave in Buffalo, New York, contains 1,280 square feet and was built in 1900. The home is currently vacant and will be conveyed in its present condition.
An additional plot of land is included with the property. The asset is located in Buffalo’s 14212 ZIP code.
An additional plot of land is included with the property. The asset is located in Buffalo’s 14212 ZIP code.
Key Highlights
- 1,280‑square‑foot multifamily property
- Built in 1900
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,698
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,960
$234.0K
Cap Rate 7%
$167,114
$167.1K
Cap Rate 9%
$129,978
$130.0K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$22.3K $17.40/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$21.3K $16.62/SF
− OpEx
−$9.6K −$7.48/SF
NOI
$11.7K $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%
$233,960
Cap Rate 7%
$167,114
Cap Rate 9%
$129,978
Alternative Uses
Best Use
Apartment 5plus
$167.1K
$146.2K – $195.0K
NOI $11,698 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,547 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 14212, NY
13,533
Population
5,935
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
2.1 sq mi
ZIP Area
6,444
Density / Sq Mi
$35,517
Median Household Income
$26,545
Median Earnings
$829
Median Rent
$89,900
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?
Multifamily property - Two-story residential income property offered with an additional plot of land and delivered vacant.
Where is this multifamily property located?
The property is located at 31 Woltz Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $169,999.
What are key features of this property?
This property features: 1,280‑square‑foot multifamily property; Built in 1900; Currently vacant
