Duplex with Detached
New
For Sale
$319,900
205 Norwalk Avenue, Buffalo, NY 14216
Separate utilities serve the two-bedroom and one-bedroom units, with additional storage in a detached shed.
Property Size1,531 SF
Price / SF$208.95
Days on Market6
Property Features for 205 Norwalk Avenue
General Information
Standard status
Active
Size
1,531 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Site & Location
Neighborhood
North Park
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$2,819
Amenities
Ceiling Fan(s)
Natural Woodwork
Awning(s)
Fully Fenced
Building Details
Building Size
1,531 SF
Year Built
1920
Stories
1
Units
2
Listing Agency:
Park Realty of WNY LLC
Listed By:
Candice Liberatore
(716) 563-1277
Source:
Geracerealty
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:59AM
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 Park Realty of WNY LLC
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Investment Insights
Based on property information with market context.
This 1920 duplex contains one two-bedroom unit and one one-bedroom unit, with separate utilities and circuit breakers. Interior features include natural woodwork, while exterior and basement improvements include vinyl siding, a newer roof, newer windows, glass-block basement windows, and a sump pump. A detached two-car garage and an Amish-built storage shed provide additional on-site space.
The property is on Norwalk Avenue, steps from Hertel Avenue in North Buffalo. Restaurants, cafés, boutiques, entertainment, and everyday services are nearby. Delaware Park, the Buffalo Zoo, public transportation, and major roadways are also accessible from the area.
The property is on Norwalk Avenue, steps from Hertel Avenue in North Buffalo. Restaurants, cafés, boutiques, entertainment, and everyday services are nearby. Delaware Park, the Buffalo Zoo, public transportation, and major roadways are also accessible from the area.
Key Highlights
- Two‑unit layout with one two‑bedroom unit and one one‑bedroom unit
- Separate utilities and circuit breakers
- Detached two‑car garage and Amish‑built storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,191
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,820
$303.8K
Cap Rate 7%
$217,014
$217.0K
Cap Rate 9%
$168,789
$168.8K
Market Conditions
NOI Build-Up for 1,531 SF
Gross rent
$23.0K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$21.7K $14.17/SF
− OpEx
−$6.5K −$4.25/SF
NOI
$15.2K $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%
$303,820
Cap Rate 7%
$217,014
Cap Rate 9%
$168,789
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,191 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$199.9K
$174.9K – $233.2K
NOI $13,992 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$368.2K
$322.2K – $429.5K
NOI $25,772 @ 7.0% cap · market cap 8.06%
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
920
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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 - Separate utilities serve the two-bedroom and one-bedroom units, with additional storage in a detached shed.
Where is this duplex located?
The property is located at 205 Norwalk Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑unit layout with one two‑bedroom unit and one one‑bedroom unit; Separate utilities and circuit breakers; Detached two‑car garage and Amish‑built storage shed
