Multifamily Property with Full
For Sale
$224,999
2108 Bailey Avenue, Buffalo, NY 14211
The six-bedroom residence includes a full basement and attic, with nearby grocery stores and bus service.
Property Size2,000 SF
Price / SF$112.50
Days on Market13
Property Features for 2108 Bailey Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,570
Building Details
Building Size
2,000 SF
Year Built
1920
Listing Agency:
Towne Housing Real Estate
Listed By:
Mustak Ahmed · License #10401374897
(347) 285-7002
Source:
Highfallssir
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 16 at 2:59PM
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 Towne Housing Real Estate
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Investment Insights
Based on property information with market context.
Located at 2108 Bailey Avenue in Buffalo, this multifamily property was built in 1920 and contains 2,000 square feet. The residence has six bedrooms and two bathrooms, along with a full basement and attic.
Grocery stores, bus stations, and places of worship are approximately two minutes away. Restaurants and other businesses are about a minute away.
Grocery stores, bus stations, and places of worship are approximately two minutes away. Restaurants and other businesses are about a minute away.
Key Highlights
- Six bedrooms and two bathrooms
- 2,000 square feet of living space
- Full basement and full attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,279
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,580
$365.6K
Cap Rate 7%
$261,129
$261.1K
Cap Rate 9%
$203,100
$203.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.8K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$33.2K $16.62/SF
− OpEx
−$15.0K −$7.48/SF
NOI
$18.3K $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%
$365,580
Cap Rate 7%
$261,129
Cap Rate 9%
$203,100
Alternative Uses
Best Use
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,279 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.0K
$420.8K – $561.1K
NOI $33,667 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
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?
Multifamily property - The six-bedroom residence includes a full basement and attic, with nearby grocery stores and bus service.
Where is this multifamily property located?
The property is located at 2108 Bailey Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $224,999.
What are key features of this property?
This property features: Six bedrooms and two bathrooms; 2,000 square feet of living space; Full basement and full attic
