Three-Unit Triplex with Rear
For Sale
$315,000
148 Potomac Avenue, Buffalo, NY 14213
The property combines a two-apartment front building with a detached three-bedroom cottage.
Property Size3,115 SF
Days on Market8
Property Features for 148 Potomac Avenue
General Information
Standard status
Active
Size
3,115 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Upper West Side
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,346
Building Details
Building Size
3,115 SF
Year Built
1900
Buildings
2
Listing Agency:
Keller Williams Realty WNY
Listed By:
Stephen Zattosky · License #10401285918
(716) 501-8814
Source:
Highfallssir
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 3 at 1:04PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
This three-unit property includes two three-bedroom apartments in the front building and a separate three-bedroom cottage at the rear. The buildings have been recently renovated, and the entire configuration sits on one parcel. The property was built in 1900.
Nearby amenities and destinations include employment centers, public transportation, shopping, dining, and downtown Buffalo.
Nearby amenities and destinations include employment centers, public transportation, shopping, dining, and downtown Buffalo.
Key Highlights
- Three residential units on one parcel
- Front building contains two three‑bedroom apartments
- Separate rear cottage with three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,469
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
$569.4K
Cap Rate 7%
$406,700
$406.7K
Cap Rate 9%
$316,322
$316.3K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$54.2K $17.40/SF
− Vacancy
−$2.4K −$0.78/SF
EGI
$51.8K $16.62/SF
− OpEx
−$23.3K −$7.48/SF
NOI
$28.5K $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%
$569,380
Cap Rate 7%
$406,700
Cap Rate 9%
$316,322
Alternative Uses
Best Use
Multifamily LT 5
$441.6K
$386.4K – $515.2K
NOI $30,909 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,437 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
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Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines a two-apartment front building with a detached three-bedroom cottage.
Where is this triplex located?
The property is located at 148 Potomac Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three residential units on one parcel; Front building contains two three‑bedroom apartments; Separate rear cottage with three bedrooms
