Duplex with Covered
For Sale
$229,000
172 Vermont Street, Buffalo, NY 14213
Appliances are included, and both units have month-to-month tenants.
Property Size2,171 SF
Days on Market11
Property Features for 172 Vermont Street
General Information
Standard status
Active
Size
2,171 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,699
Amenities
fenced yard
covered patio
Building Details
Building Size
2,171 SF
Year Built
1882
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Kristan Jakubowski · License #10401258907
(716) 955-0750
Source:
Highfallssir
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 16 at 5:12PM
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 WNY Metro Roberts Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1882-built duplex has separate upstairs and downstairs units. The property includes new hot water tanks, a roof replaced in 2016, and appliances. A fenced yard and covered patio provide outdoor space.
Both tenants are on month-to-month arrangements and would like to remain. The seller pays utilities for the downstairs unit; the upstairs tenant pays all utilities except water. The property is in Buffalo, near colleges, schools, shopping, dining, public transportation, and a community center.
Both tenants are on month-to-month arrangements and would like to remain. The seller pays utilities for the downstairs unit; the upstairs tenant pays all utilities except water. The property is in Buffalo, near colleges, schools, shopping, dining, public transportation, and a community center.
Key Highlights
- Duplex with upstairs and downstairs units
- Roof replaced in 2016; new hot water tanks
- Fenced yard and covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,842
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,840
$396.8K
Cap Rate 7%
$283,457
$283.5K
Cap Rate 9%
$220,467
$220.5K
Market Conditions
NOI Build-Up for 2,171 SF
Gross rent
$37.8K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$36.1K $16.62/SF
− OpEx
−$16.2K −$7.48/SF
NOI
$19.8K $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%
$396,840
Cap Rate 7%
$283,457
Cap Rate 9%
$220,467
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.3K – $359.0K
NOI $21,542 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$283.5K
$248.0K – $330.7K
NOI $19,842 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,546 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Appliances are included, and both units have month-to-month tenants.
Where is this duplex located?
The property is located at 172 Vermont Street Buffalo, NY.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex with upstairs and downstairs units; Roof replaced in 2016; new hot water tanks; Fenced yard and covered patio
