Two-Story Duplex with
For Sale
$250,000
21 Elgas Street, Buffalo, NY 14207
Residential, Buffalo, NY
Property Size2,360 SF
Lot Size0.08 Acres
Price / SF$105.93
Days on Market147
Property Features for 21 Elgas Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential 2 Unit
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3
Interior features
NaturalWoodwork, AirFiltration
Exterior features
Fence
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Vulcan St to Elgas St
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-077-330-0004-030-000
Size
2,360 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2839
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
large front porch
upper balcony
full basement
full attic
concrete driveway
partially fenced yard
natural woodwork
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
CompositeSiding, Stone, CopperPlumbing, PexPlumbing
Roof type
Asphalt, Rubber, Membrane
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 646-6400
Listed By:
Ramon A Cruz Sr. · License #40CR1157578
(716) 208-6896
Added: May 27
Changed: Oct 16
Last Checked: Oct 20 at 4:06AM
MLS# B1685203
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story duplex at 21 Elgas Street in Buffalo provides 2,360 square feet across two residential units. Each unit includes 3 bedrooms and 1 bathroom, with separate utilities supporting independent occupancy. The property also offers natural woodwork, hardwood flooring in portions of the interior, a full basement, and a full attic. A large front porch and upper balcony add exterior seating areas, while the concrete driveway and partially fenced yard provide additional site improvements.
Built in 1927, the property uses natural-gas heat and has a public water supply. Composite siding, copper and PEX plumbing, a membrane and rubber roof, and a gas water heater are among the documented building components. Both units are currently rented, and the existing long-term tenants have expressed interest in remaining with a new owner’s approval.
Built in 1927, the property uses natural-gas heat and has a public water supply. Composite siding, copper and PEX plumbing, a membrane and rubber roof, and a gas water heater are among the documented building components. Both units are currently rented, and the existing long-term tenants have expressed interest in remaining with a new owner’s approval.
Key Highlights
- 2,360‑square‑foot duplex with 2 residential units
- Each unit includes 3 bedrooms and 1 bathroom
- Separate utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,569
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,380
$431.4K
Cap Rate 7%
$308,129
$308.1K
Cap Rate 9%
$239,656
$239.7K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$41.1K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$39.2K $16.62/SF
− OpEx
−$17.6K −$7.48/SF
NOI
$21.6K $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%
$431,380
Cap Rate 7%
$308,129
Cap Rate 9%
$239,656
Alternative Uses
Best Use
Multifamily LT 5
$334.5K
$292.7K – $390.3K
NOI $23,417 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$308.1K
$269.6K – $359.5K
NOI $21,569 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$567.5K
$496.6K – $662.1K
NOI $39,727 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
477
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with separate utilities, basement storage, and a partially enclosed yard.
Where is this duplex located?
The property is located at 21 Elgas Street Buffalo, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,360‑square‑foot duplex with 2 residential units; Each unit includes 3 bedrooms and 1 bathroom; Separate utilities for the two units
