1920s Duplex with Detached
For Sale
$389,900
206 North Park Avenue, Buffalo, NY 14216
Two residential units offer three-bedroom and two-bedroom layouts with driveway parking and full-attic storage.
Property Size2,428 SF
Lot Size0.20 Acres
Days on Market105
Property Features for 206 North Park Avenue
General Information
Standard status
Active
Size
2,428 SF
Lot size
0.20 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
North Park
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,007
Building Details
Building Size
2,428 SF
Year Built
1920
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Alicia Wittman · License #10301219240
(716) 239-9001
Source:
Highfallssir
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 28 at 4:19PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this Buffalo duplex contains 2,428 square feet across two residential units. The first-floor apartment measures 1,322 square feet and includes three bedrooms, two bathrooms, a kitchen, and a front porch. The second-floor apartment provides 1,106 square feet with two bedrooms, one bathroom, and a large kitchen, plus access to the full attic for storage.
The property occupies a 50 x 175 lot totaling 0.20 acres, with a private driveway and a detached 480-square-foot garage built in 1973. It is located in North Buffalo near Hertel Avenue’s shopping, dining, and entertainment corridor. The property is tenant occupied, and showings require 24-hour notice.
The property occupies a 50 x 175 lot totaling 0.20 acres, with a private driveway and a detached 480-square-foot garage built in 1973. It is located in North Buffalo near Hertel Avenue’s shopping, dining, and entertainment corridor. The property is tenant occupied, and showings require 24-hour notice.
Key Highlights
- Two‑unit duplex with 2,428 SF of total property size
- Lower unit: 1,322 sq. ft. with 3 beds and 2 baths
- Upper unit: 1,106 sq. ft. with 2 beds and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,092
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,840
$481.8K
Cap Rate 7%
$344,171
$344.2K
Cap Rate 9%
$267,689
$267.7K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$36.4K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.4K $14.17/SF
− OpEx
−$10.3K −$4.25/SF
NOI
$24.1K $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%
$481,840
Cap Rate 7%
$344,171
Cap Rate 9%
$267,689
Alternative Uses
Best Use
Multifamily LT 5
$344.2K
$301.2K – $401.5K
NOI $24,092 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$317.0K
$277.4K – $369.8K
NOI $22,190 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$583.9K
$510.9K – $681.2K
NOI $40,872 @ 7.0% cap · market cap 10.48%
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
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 - Two residential units offer three-bedroom and two-bedroom layouts with driveway parking and full-attic storage.
Where is this duplex located?
The property is located at 206 North Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,428 SF of total property size; Lower unit: 1,322 sq. ft. with 3 beds and 2 baths; Upper unit: 1,106 sq. ft. with 2 beds and 1 bath
