Updated Two-Family
146 Benzinger, Buffalo, NY 14206
Well-maintained two-family residence with updated features and separate utilities.
Type:Multifamily
Property size:
1,770 SFPrice / SF:
$112/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 5 at 9:00 pm
Property Features for 146 Benzinger
General Information
- Standard status
- Active
- Size
- 1,770 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agent Nick Giammusso License #10401358378 (716) 812-6333
Listing office HUNT Commercial (716) 812-6333
Listing date Nov 21, 2025
Source Huntcommercial
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 HUNT Commercial
HighLights
- Two‑family residence offering potential rental income or multi‑generational living.
- Maintenance‑free and recently updated with new windows, plumbing, and electric.
- Separate utilities and laundry hookups for each unit.
- Boiler units are less than 5 years old.
- Each unit features 2 bedrooms, 1 full bath, a fireplace, and separate entrances.
- 1.5‑car garage and parking for 3+ vehicles.
Overview
This well-maintained two-family residence features recent updates. The lower unit includes two bedrooms and one full bathroom, with a large, open family and dining room area featuring large windows, a fireplace, and newer carpets. It has separate front and side entrances. The upper unit also features two bedrooms and one full bathroom, a large, open family and dining room area with large windows, a fireplace, and newer carpets, as well as separate front and side entrances. Each unit has separate utilities and separate laundry hookups in the basement. Additional features include new windows, new plumbing and electric, boiler units less than 5 years old, and glass block windows in the basement. The property includes a 1.5-car garage and parking for 3 or more vehicles. The property is located near E. Lovejoy and Benzinger.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$195.1K
NOI $17,563 @ 9.00% cap · cautious / downside scenario
Moderate
$250.9K
NOI $17,563 @ 7.00% cap · market / base-case scenario
Aggressive
$351.3K
NOI $17,563 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.1k | $14.17 |
| − OpEx | −$7.5k | −$4.25 |
| NOI | $17.6k | $9.92 |
1,770 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$250.9K
$219.5K – $292.7K
NOI $17,563 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$231.1K
$202.2K – $269.6K
NOI $16,177 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$425.6K
$372.4K – $496.6K
NOI $29,795 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8066
- Latitude
- 42.8889
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence with updated features and separate utilities.
Where is this duplex located?
The property is located at 146 Benzinger 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 residence offering potential rental income or multi‑generational living.; Maintenance‑free and **recently updated with new windows, plumbing, and electric.**; Separate utilities and laundry hookups for each unit.
