Well-Maintained Duplex with 3/1
157 W Winspear Avenue Buffalo, NY 14214
157 W Winspear Avenue, Buffalo, NY, 14214
$244,900
Pending
For Sale
$244,900
Pending
Duplex with two units, each offering three bedrooms and one full bathroom.
Property Size2,280 SF
Days on Market81
Property Features for 157 W Winspear Avenue
General Information
- Standard status
- Pending
- Size
- 2,280 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing agency
Buffalo Home Realty
(716) 512-2967
Listed by
Samantha Sheppard
(716) 512-2967
Source
Xome
Added: May 3 Updated: Jul 21 at 6:51AM Checked: Jul 21 at 6:51AM
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 Buffalo Home Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex is move-in ready and features newly painted siding. Each of the two units offers three bedrooms and one full bathroom, with spacious, bright living areas filled with natural light. The layout supports comfortable everyday living with room to relax or entertain.
The property is located on a quiet dead-end street, just steps from the bike path, and within walking distance to the University at Buffalo South Campus.
As a residential income property, the duplex configuration provides two separate, 3-bedroom/1-bath units under one ownership structure.
The property is located on a quiet dead-end street, just steps from the bike path, and within walking distance to the University at Buffalo South Campus.
As a residential income property, the duplex configuration provides two separate, 3-bedroom/1-bath units under one ownership structure.
Key Highlights
- Duplex with 2 units; each unit has 3 bedrooms and 1 full bathroom
- Hardwood and laminate flooring, with gas cooling and full heating
- Basement present (3) plus a brick wall fence and low‑maintenance exterior materials
Local Financial Insights For Apartment 5plus
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 | $39.7k | $17.40 |
| − Vacancy | −$1.8k | −$0.78 |
| EGI | $37.9k | $16.62 |
| − OpEx | −$17.0k | −$7.48 |
| NOI | $20.8k | $9.14 |
2,280 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$548.3K
$479.8K – $639.7K
NOI $38,381 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two units, each offering three bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 157 W Winspear Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Duplex with 2 units; each unit has 3 bedrooms and 1 full bathroom; Hardwood and laminate flooring, with gas cooling and full heating; Basement present (3) plus a brick wall fence and low‑maintenance exterior materials
