Updated Duplex with River
For Sale
$284,900
22 Briggs Avenue, Buffalo, NY 14207
Two refreshed units combine modern kitchens and baths with period character, gas hookups, and generous storage.
Property Size2,499 SF
Days on Market96
Property Features for 22 Briggs Avenue
General Information
Standard status
Active
Size
2,499 SF
Total Parking Spaces
2
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
SELLERS WILL REPLACE BOTH FURNACES
Site & Location
Neighborhood
Riverside
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,201
Building Details
Building Size
2,499 SF
Year Built
1924
Buildings
1
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Highfallssir
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 5:19PM
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 WNYbyOwner.com
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex offers two residential units with updated kitchens, new baths, and refreshed interiors. The first floor has new flooring, while fresh paint extends throughout the home. Original character remains in details such as the French-style upstairs door, tiled downstairs foyer, and front porch. Each unit includes gas hookups, and the property has updated electrical service with GFCI protection at water sources.
Recent improvements include a total tear-off roof completed about a year ago and two newer hot water tanks installed approximately 1.5 years ago. The property also features a two-car garage with a newer door, substantial storage, and views of the river. Both furnaces are scheduled to be replaced by the sellers prior to closing.
Recent improvements include a total tear-off roof completed about a year ago and two newer hot water tanks installed approximately 1.5 years ago. The property also features a two-car garage with a newer door, substantial storage, and views of the river. Both furnaces are scheduled to be replaced by the sellers prior to closing.
Key Highlights
- Duplex with two updated residential units
- New kitchens and baths in both units
- Total tear‑off roof completed about a year ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,796
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
$495.9K
Cap Rate 7%
$354,229
$354.2K
Cap Rate 9%
$275,511
$275.5K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$35.4K $14.17/SF
− OpEx
−$10.6K −$4.25/SF
NOI
$24.8K $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%
$495,920
Cap Rate 7%
$354,229
Cap Rate 9%
$275,511
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$326.3K
$285.5K – $380.7K
NOI $22,839 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$601.0K
$525.8K – $701.1K
NOI $42,067 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
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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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 - Two refreshed units combine modern kitchens and baths with period character, gas hookups, and generous storage.
Where is this duplex located?
The property is located at 22 Briggs Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Duplex with two updated residential units; New kitchens and baths in both units; Total tear‑off roof completed about a year ago
