Duplex with Updated
New
For Sale
$299,000
207 Minnesota Avenue, Buffalo, NY 14214
Both residences have three bedrooms, separate utilities, and their own porch configuration.
Property Size2,394 SF
Days on Market4
Property Features for 207 Minnesota Avenue
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,456
Amenities
hardwood floors
original woodwork
built-ins
stained glass windows
decorative fireplaces
updated kitchens
covered front porch
full-length porch
walk-up attic
backyard
Building Details
Building Size
2,394 SF
Year Built
1930
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Shirajum Monira · License #10401363530
(929) 326-4912
Source:
Highfallssir
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 2:01PM
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
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two three-bedroom residences. Both have updated kitchens, hardwood flooring, built-in features, original wood details, leaded stained-glass windows, and decorative fireplaces. The lower unit has a covered front porch; the upper unit features a porch extending across its length. Separate utilities serve the units, and a walk-up attic provides storage. The first-floor residence is occupied by a tenant.
The property occupies a corner lot in University Heights, within walking distance of the University at Buffalo campus. Its backyard can accommodate multiple vehicles, and the attic has potential for additional finished space.
The property occupies a corner lot in University Heights, within walking distance of the University at Buffalo campus. Its backyard can accommodate multiple vehicles, and the attic has potential for additional finished space.
Key Highlights
- Two residences, each with 3 bedrooms
- Built in 1930 on a corner lot in University Heights
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,754
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,080
$475.1K
Cap Rate 7%
$339,343
$339.3K
Cap Rate 9%
$263,933
$263.9K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$35.9K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$33.9K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.8K $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%
$475,080
Cap Rate 7%
$339,343
Cap Rate 9%
$263,933
Alternative Uses
Best Use
Multifamily LT 5
$339.3K
$296.9K – $395.9K
NOI $23,754 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$575.7K
$503.8K – $671.7K
NOI $40,300 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
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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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 - Both residences have three bedrooms, separate utilities, and their own porch configuration.
Where is this duplex located?
The property is located at 207 Minnesota Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms; Built in 1930 on a corner lot in University Heights; Separate utilities for each unit
