Two-Unit Duplex with Full
For Sale
$219,000
163 Landon St, Buffalo, NY 14208
Tenant-occupied duplex with separate living, dining, and kitchen areas in each apartment.
Property Size2,184 SF
Price / SF$100.27
Days on Market82
Property Features for 163 Landon St
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Shirajum Monira · License #10401363530
(929) 326-4912
Source:
Skinnercnyrealty
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 7 at 2:52PM
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
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,184 square feet and was built in 1900. Each apartment has three bedrooms, one full bathroom, a living room, formal dining room, and kitchen, creating a consistent layout across both units. The property is currently tenant-occupied.
Additional features include a full basement, off-street parking, and a side yard. The property is situated near parks, shopping, restaurants, schools, and major commuter routes, adding everyday convenience for residents.
Additional features include a full basement, off-street parking, and a side yard. The property is situated near parks, shopping, restaurants, schools, and major commuter routes, adding everyday convenience for residents.
Key Highlights
- Two‑family duplex with 6 total bedrooms and 2 full bathrooms
- Each unit includes 3 bedrooms and 1 full bathroom
- 2,184 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,960
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,200
$399.2K
Cap Rate 7%
$285,143
$285.1K
Cap Rate 9%
$221,778
$221.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$38.0K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$36.3K $16.62/SF
− OpEx
−$16.3K −$7.48/SF
NOI
$20.0K $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%
$399,200
Cap Rate 7%
$285,143
Cap Rate 9%
$221,778
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,671 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$285.1K
$249.5K – $332.7K
NOI $19,960 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K
NOI $36,765 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 14208, NY
12,088
Population
5,884
Households
2.1
Avg Household Size
33
Median Age
23%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
10,073
Density / Sq Mi
$46,940
Median Household Income
$23,804
Median Earnings
$932
Median Rent
$118,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with separate living, dining, and kitchen areas in each apartment.
Where is this duplex located?
The property is located at 163 Landon St Buffalo, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two‑family duplex with 6 total bedrooms and 2 full bathrooms; Each unit includes 3 bedrooms and 1 full bathroom; 2,184 square feet; built in 1900
