Renovated Duplex Income
161 Norman Avenue Buffalo, NY 14210
161 Norman Avenue, Buffalo, NY, 14210
$214,900
For Sale
$214,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,622 SF
Lot Size0.11 Acres
Price / SF$132.49
Days on Market11
Property Features for 161 Norman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-123-820-0003-041-000
- Size
- 1,622 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2171
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Varies
- Building materials
- Frame, VinylSiding
- Architectural style
- Other
Listing agency
Keller Williams Realty WNY
(716) 832-3300
Listed by
John M Capriotto · License #10401375313
(716) 603-7072
Added: Jul 12 Updated: Jul 15 at 2:07AM Checked: Jul 22 at 1:06AM
MLS# B1697898
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
161 Norman Ave is a renovated two-unit duplex with separate lower and upper residences. The lower unit features two bedrooms and has access to a full basement with laundry connections, and it is currently vacant. The upper unit has one bedroom and includes in-unit laundry; it is currently month-to-month.
Water is the only utility included in rent. The property is within walking distance to stores, restaurants, and Cazenovia Park.
For investors or owner-occupants seeking a duplex configuration, the layout supports two distinct living spaces with separate laundry setups and basement access tied to the lower unit.
Water is the only utility included in rent. The property is within walking distance to stores, restaurants, and Cazenovia Park.
For investors or owner-occupants seeking a duplex configuration, the layout supports two distinct living spaces with separate laundry setups and basement access tied to the lower unit.
Key Highlights
- Renovated 2‑unit home with a lower 2‑bedroom unit and an upper 1‑bedroom unit
- Lower unit is currently vacant and provides access to the full basement with laundry connections
- Upper 1‑bedroom unit has in‑unit laundry and is rented month to month at $650
Local Financial Insights For Multifamily LT 5
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 | $24.3k | $15.00 |
| − Vacancy | −$1.3k | −$0.83 |
| EGI | $23.0k | $14.17 |
| − OpEx | −$6.9k | −$4.25 |
| NOI | $16.1k | $9.92 |
1,622 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,824 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-unit home with a 2-bedroom vacant lower unit and a 1-bedroom upper unit with in-unit laundry.
Where is this duplex located?
The property is located at 161 Norman Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Renovated 2‑unit home with a lower 2‑bedroom unit and an upper 1‑bedroom unit; Lower unit is currently vacant and provides access to the full basement with laundry connections; Upper 1‑bedroom unit has in‑unit laundry and is rented month to month at $650
