Two-Family Duplex with Rehabbed Lower
For Sale
$145,000
1967 Niagara Street, Buffalo, NY 14207
Rehabbed lower unit is ready for occupancy or leasing.
Property Size1,364 SF
Lot Size0.08 Acres
Price / SF$106.30
Days on Market56
Property Features for 1967 Niagara Street
General Information
Standard status
Active
Size
1,364 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,031
Building Details
Building Size
1,364 SF
Year Built
1925
Buildings
1
Listing Agency:
Blue Eagle Realty Corp.
Listed By:
Alan Findlay · License #10401299791
(716) 436-1296
Source:
Highfallssir
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 19 at 3:35PM
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 Blue Eagle Realty Corp.
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Investment Insights
Based on property information with market context.
Built in 1925, this two-family duplex contains 4 bedrooms and 2 bathrooms across approximately 1,364 square feet of living space. The upper unit is occupied, while the lower unit has been rehabbed and is positioned for a new resident or owner occupancy. The property sits on a 3,267-square-foot lot along Niagara Street in Buffalo’s Black Rock neighborhood.
The location provides access to I-190, Niagara River waterfront areas, Tow Path Park, the Riverwalk, bus lines, dining, and everyday amenities. Downtown Buffalo and the Peace Bridge are also nearby. The property offers a two-unit residential configuration with an existing occupant upstairs and a finished lower unit ready for its next use.
The location provides access to I-190, Niagara River waterfront areas, Tow Path Park, the Riverwalk, bus lines, dining, and everyday amenities. Downtown Buffalo and the Peace Bridge are also nearby. The property offers a two-unit residential configuration with an existing occupant upstairs and a finished lower unit ready for its next use.
Key Highlights
- Two‑family duplex built in 1925
- 4 bedrooms and 2 bathrooms
- Approximately 1,364 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,466
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,320
$249.3K
Cap Rate 7%
$178,086
$178.1K
Cap Rate 9%
$138,511
$138.5K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$23.7K $17.40/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$22.7K $16.62/SF
− OpEx
−$10.2K −$7.48/SF
NOI
$12.5K $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%
$249,320
Cap Rate 7%
$178,086
Cap Rate 9%
$138,511
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.2K – $225.6K
NOI $13,534 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$178.1K
$155.8K – $207.8K
NOI $12,466 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$328.0K
$287.0K – $382.7K
NOI $22,961 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Rehabbed lower unit is ready for occupancy or leasing.
Where is this duplex located?
The property is located at 1967 Niagara Street Buffalo, NY.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑family duplex built in 1925; 4 bedrooms and 2 bathrooms; Approximately 1,364 square feet of living space
