Two-Unit
New
For Sale
$190,000
160 Courtland Avenue, Buffalo, NY 14215
Each residence has two bedrooms, one bathroom, and a two-floor layout, with off-street parking available.
Property Size1,620 SF
Days on Market6
Property Features for 160 Courtland Avenue
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,276
Building Details
Building Size
1,620 SF
Year Built
1920
Stories
2
Listing Agency:
Irish Jones Realty
Listed By:
Earl M Altheide · License #10491213272
(716) 901-1518
Source:
Highfallssir
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:29PM
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 Irish Jones Realty
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Investment Insights
Based on property information with market context.
This 1920 duplex contains two residences arranged across two floors. Each unit has two bedrooms and one bathroom, creating a consistent two-bedroom, one-bathroom configuration throughout the property. A driveway provides off-street parking, and the furnace and boiler have both been replaced recently.
Key Highlights
- Two units, each with two bedrooms and one bathroom
- Two‑floor building layout
- Driveway with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,074
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,480
$321.5K
Cap Rate 7%
$229,629
$229.6K
Cap Rate 9%
$178,600
$178.6K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$24.3K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$23.0K $14.17/SF
− OpEx
−$6.9K −$4.25/SF
NOI
$16.1K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,480
Cap Rate 7%
$229,629
Cap Rate 9%
$178,600
Alternative Uses
Best Use
Multifamily LT 5
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$211.5K
$185.1K – $246.8K
NOI $14,806 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$389.6K
$340.9K – $454.5K
NOI $27,270 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and a two-floor layout, with off-street parking available.
Where is this duplex located?
The property is located at 160 Courtland Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and one bathroom; Two‑floor building layout; Driveway with off‑street parking
