Two-Unit Duplex with Detached
New
For Sale
$249,000
19 Winspear Avenue, Buffalo, NY 14214
Residential, Buffalo, NY
Property Size2,142 SF
Lot Size0.11 Acres
Price / SF$116.25
Days on Market4
Property Features for 19 Winspear Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bathroom 2
Patio and Porch features
Porch
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-079-550-0005-008-000
Size
2,142 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2340
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
CompositeSiding
Roof type
Asphalt
Buildings
1
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Thejan Kodituwakku · License #10401342241
(716) 292-8756
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 11:06PM
MLS# B1723268
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.
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Investment Insights
Based on property information with market context.
This 2,142-square-foot duplex contains two residences: a two-bedroom lower unit and a three-bedroom upper unit, each with a full bathroom. A full basement, detached garage, porch, and off-street parking are also part of the property. The building dates to 1900 and sits on a 0.11-acre lot.
Both units are currently leased. The property is near UB South Campus, with public transportation, shops, and restaurants within walking distance.
Both units are currently leased. The property is near UB South Campus, with public transportation, shops, and restaurants within walking distance.
Key Highlights
- Two residences: a two‑bedroom lower unit and a three‑bedroom upper unit, each with a full bathroom
- 2,142 square feet on a 0.11‑acre lot
- Full basement, detached garage, porch, and off‑street parking
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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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 - The lower residence has two bedrooms, while the upper residence provides three bedrooms and a full bath.
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: Two residences: a two‑bedroom lower unit and a three‑bedroom upper unit, each with a full bathroom; 2,142 square feet on a 0.11‑acre lot; Full basement, detached garage, porch, and off‑street parking
