Two-Unit Duplex with Detached
For Sale
$249,000
19 Winspear Avenue, Buffalo, NY 14214
Two leased apartments offer a two-bedroom and a three-bedroom layout, each with a full bathroom.
Property Size2,142 SF
Price / SF$116.25
Days on Market8
Property Features for 19 Winspear Avenue
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Multi Family
Site & Location
Neighborhood
University Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA lower, 1 x 3BR/1BA upper
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,340
Amenities
full basement
detached garage
off street parking
Building Details
Building Size
2,142 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Thejan Kodituwakku · License #10401342241
(716) 292-8756
Source:
Highfallssir
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 27 at 1:48AM
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
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Investment Insights
Based on property information with market context.
This Buffalo duplex contains approximately 2,142 square feet across two apartments. The lower unit has two bedrooms, while the upper unit has three; both include a full bathroom. A full basement, detached garage, and off-street parking provide additional storage and vehicle space. Built in 1900, the property is leased to tenants.
The property is near UB South Campus, with public transportation, shopping, and restaurants within walking distance.
The property is near UB South Campus, with public transportation, shopping, and restaurants within walking distance.
Key Highlights
- Approximately 2,142 square feet
- Lower apartment has 2 bedrooms; upper apartment has 3 bedrooms
- Both apartments include a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,254
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,080
$425.1K
Cap Rate 7%
$303,629
$303.6K
Cap Rate 9%
$236,156
$236.2K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$32.1K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.4K $14.17/SF
− OpEx
−$9.1K −$4.25/SF
NOI
$21.3K $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%
$425,080
Cap Rate 7%
$303,629
Cap Rate 9%
$236,156
Alternative Uses
Best Use
Multifamily LT 5
$303.6K
$265.7K – $354.2K
NOI $21,254 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,576 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$515.1K
$450.7K – $601.0K
NOI $36,058 @ 7.0% cap · market cap 14.48%
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
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased apartments offer a two-bedroom and a three-bedroom layout, each with a full bathroom.
Where is this duplex located?
The property is located at 19 Winspear Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Approximately 2,142 square feet; Lower apartment has 2 bedrooms; upper apartment has 3 bedrooms; Both apartments include a full bathroom
