Duplex with Covered Front
New
For Sale
$224,900
235 POTOMAC Avenue, Buffalo, NY 14213
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,155 SF
Lot Size0.10 Acres
Price / SF$104.36
Days on Market4
Property Features for 235 POTOMAC Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Fireplace
1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
On POTOMAC AVE between HERKIMER ST & GRANT ST.
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-088-750-0006-003-000
Size
2,155 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
1823
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
covered front porch
separate laundry hook-ups in basement
Building Details
Year built
1875
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Vinyl, Laminate
Building materials
AluminumSiding, CompositeSiding, PexPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Danielle Buchbinder · License #10401242208
(716) 771-2891
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 6:06AM
MLS# B1702407
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 duplex is set up for an owner-occupant, with the upper unit vacant and move-in ready and the lower unit currently rented. The upper unit features a renovated kitchen with brand-new cabinets, countertop, and backsplash, an updated full bath with a new vanity, tub surround, and fixtures, along with fresh paint, new flooring, and new windows throughout the second-floor unit and attic. The attic provides additional storage or recreational space.
The lower unit was updated in 2024 and includes a spacious living/dining area and an eat-in kitchen with an oversized pantry and replacement windows. It is leased through October, and the tenant pays gas and electric.
Both owners and tenants share off-street parking and a newly covered front porch. Separate laundry hook-ups are located in the basement, and the property has updated electric service with panels and breakers. The home has public water service and a gas water heater, with natural gas baseboard heating and an asphalt roof. Built in 1875, the exterior includes aluminum and composite siding, with PEX plumbing.
The lower unit was updated in 2024 and includes a spacious living/dining area and an eat-in kitchen with an oversized pantry and replacement windows. It is leased through October, and the tenant pays gas and electric.
Both owners and tenants share off-street parking and a newly covered front porch. Separate laundry hook-ups are located in the basement, and the property has updated electric service with panels and breakers. The home has public water service and a gas water heater, with natural gas baseboard heating and an asphalt roof. Built in 1875, the exterior includes aluminum and composite siding, with PEX plumbing.
Key Highlights
- Upper unit is vacant and move‑in ready with renovated kitchen and updated full bath
- Lower unit updated in 2024 and leased through October; tenant pays gas and electric
- Shared off‑street parking plus a newly covered front porch
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $17.40 |
| − Vacancy | −$1.7k | −$0.78 |
| EGI | $35.8k | $16.62 |
| − OpEx | −$16.1k | −$7.48 |
| NOI | $19.7k | $9.14 |
2,155 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.4K
NOI $21,383 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$281.4K
$246.2K – $328.3K
NOI $19,695 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$518.2K
$453.5K – $604.6K
NOI $36,276 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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 duplex offers shared off-street parking, separate basement laundry hook-ups, and an updated electrical system.
Where is this duplex located?
The property is located at 235 POTOMAC Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Upper unit is vacant and move‑in ready with renovated kitchen and updated full bath; Lower unit updated in 2024 and leased through October; tenant pays gas and electric; Shared off‑street parking plus a newly covered front porch
