Updated Duplex with
For Sale
$229,900
210 Westminster Road, Buffalo, NY 14224
Residential, Buffalo, NY
Property Size1,964 SF
Lot Size0.21 Acres
Price / SF$117.06
Days on Market107
Property Features for 210 Westminster Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
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
Active
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
Laminate, Vinyl, Varies, Carpet
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 12
Last Checked: Sep 13 at 4:06AM
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 1,964-square-foot duplex, built in 1957, offers a four-bedroom configuration with two bathrooms and a garage. The property includes a patio, vinyl siding, forced-air natural gas heating, central air conditioning, public water, and varied flooring throughout. One bedroom area has new drywall, flooring, and an exterior door, with a wall that could be opened to create two first-floor bedrooms.
Set on 0.2089 acres at 210 Westminster Road in Buffalo, the property is located on a dead-end street near West Seneca conveniences and the 400 expressway. Recent improvements include vinyl siding in 2021, a new driveway and plumbing in 2022, furnaces and hot water tanks updated in 2024 and 2019, and a 2025 roof with leaf guard and Anderson windows.
Set on 0.2089 acres at 210 Westminster Road in Buffalo, the property is located on a dead-end street near West Seneca conveniences and the 400 expressway. Recent improvements include vinyl siding in 2021, a new driveway and plumbing in 2022, furnaces and hot water tanks updated in 2024 and 2019, and a 2025 roof with leaf guard and Anderson windows.
Key Highlights
- 1,964‑square‑foot duplex on 0.2089 acres
- Four‑bedroom, two‑bathroom configuration
- Garage, patio, central air, and forced‑air natural gas heating
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
8.48%
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 8.48%
Second Best
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$472.3K
$413.3K – $551.0K
NOI $33,061 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Recent upgrades include roofing, windows, plumbing, and mechanical systems.
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 $229,900.
What are key features of this property?
This property features: 1,964‑square‑foot duplex on 0.2089 acres; Four‑bedroom, two‑bathroom configuration; Garage, patio, central air, and forced‑air natural gas heating
