Updated Duplex with
For Sale
$249,900
Pending
210 Westminster Road, Buffalo, NY 14224
Residential, Buffalo, NY
Property Size1,964 SF
Lot Size0.21 Acres
Days on Market97
Property Features for 210 Westminster Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Patio
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
West Seneca
Middle school district
West Seneca
High school district
West Seneca
Directions
Use gps
Standard status
Pending
APN
146800-134-490-0001-014-100
Size
1,964 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
4825
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Varies, Laminate
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 668-7000
Listed By:
Joanne Simme Good · License #30SI1017596
(716) 684-3555
Added: May 30
Changed: Sep 2
Last Checked: Sep 3 at 3:06AM
MLS# B1686169
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.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,964 square feet on a 0.2089-acre lot. The building dates to 1957 and features vinyl siding, a garage, patio, public water, forced-air heating, natural gas, and central air. Interior flooring includes laminate, vinyl, carpet, and varied finishes. The layout includes four bedrooms and two bathrooms, with one apartment receiving new drywall, flooring, and an exterior door.
Recent work includes a 2025 roof with leaf guard and Anderson windows, 2024 and 2019 furnace and hot-water-tank updates, 2022 plumbing and driveway improvements, 2021 vinyl siding and AC, and 2025 yard drain tile. The sale also includes appliances, a riding lawn mower, snow blower, and weedwhacker. The two-unit configuration supports either owner occupancy with additional income or continued rental use.
Recent work includes a 2025 roof with leaf guard and Anderson windows, 2024 and 2019 furnace and hot-water-tank updates, 2022 plumbing and driveway improvements, 2021 vinyl siding and AC, and 2025 yard drain tile. The sale also includes appliances, a riding lawn mower, snow blower, and weedwhacker. The two-unit configuration supports either owner occupancy with additional income or continued rental use.
Key Highlights
- Two‑unit building with 1,964 square feet on a 0.2089‑acre lot
- 2025 roof with leaf guard and Anderson windows
- Recent improvements include 2022 plumbing and driveway work
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,488
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,760
$389.8K
Cap Rate 7%
$278,400
$278.4K
Cap Rate 9%
$216,533
$216.5K
Market Conditions
NOI Build-Up for 1,964 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.5K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$27.8K $14.17/SF
− OpEx
−$8.4K −$4.25/SF
NOI
$19.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,760
Cap Rate 7%
$278,400
Cap Rate 9%
$216,533
Alternative Uses
Best Use
Multifamily LT 5
$278.4K
$243.6K – $324.8K
NOI $19,488 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$472.3K
$413.3K – $551.0K
NOI $33,061 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
Median Home Value
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 - Two-unit property with central air, natural-gas systems, patio, garage, and recent improvements throughout.
Where is this duplex located?
The property is located at 210 Westminster Road Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit building with 1,964 square feet on a 0.2089‑acre lot; 2025 roof with leaf guard and Anderson windows; Recent improvements include 2022 plumbing and driveway work
