Two-Family
For Sale
$199,900
20 Ericson Avenue, Buffalo, NY 14215
Separate residential units will be delivered vacant at closing.
Property Size1,563 SF
Days on Market21
Property Features for 20 Ericson Avenue
General Information
Standard status
Active
Size
1,563 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,420
Building Details
Building Size
1,563 SF
Year Built
1910
Listing Agency:
Keller Williams Realty WNY
Listed By:
Hasan Mahmud · License #10401388714
(718) 902-0501
Source:
Highfallssir
Added: Sep 15
Changed: Sep 21
Last Checked: Oct 4 at 3:00PM
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.
Built in 1910, this Buffalo two-family property contains separate residential units and is being offered in its existing condition. The property will be vacant at closing, providing a clear handoff for the next owner.
Located on Ericson Avenue in Buffalo, the property offers access to area shopping, schools, local amenities, and transportation. Showings require 24 hours’ notice.
Located on Ericson Avenue in Buffalo, the property offers access to area shopping, schools, local amenities, and transportation. Showings require 24 hours’ notice.
Key Highlights
- Two‑family residential property with separate units
- Built in 1910
- Property will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,509
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,180
$310.2K
Cap Rate 7%
$221,557
$221.6K
Cap Rate 9%
$172,322
$172.3K
Market Conditions
NOI Build-Up for 1,563 SF
Gross rent
$23.4K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$22.2K $14.17/SF
− OpEx
−$6.6K −$4.25/SF
NOI
$15.5K $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%
$310,180
Cap Rate 7%
$221,557
Cap Rate 9%
$172,322
Alternative Uses
Best Use
Multifamily LT 5
$221.6K
$193.9K – $258.5K
NOI $15,509 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,285 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residential units will be delivered vacant at closing.
Where is this duplex located?
The property is located at 20 Ericson Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑family residential property with separate units; Built in 1910; Property will be vacant at closing
