Two-Unit Duplex with
For Sale
$139,999
24 Persia Street, Buffalo, NY 14211
Well-maintained duplex with separate living areas, kitchens, outdoor space, and access to nearby park, shopping, dining, and transportation.
Property Size1,345 SF
Days on Market68
Property Features for 24 Persia Street
General Information
Standard status
Active
Size
1,345 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,049
Building Details
Building Size
1,345 SF
Year Built
1910
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joseph Brown · License #10401344902
(716) 550-6771
Source:
Highfallssir
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 16 at 5:07PM
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 Keller Williams Realty WNY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this two-unit duplex provides a total of 4 bedrooms and 2 full bathrooms across two residential layouts. The lower apartment includes a living and dining room combination, kitchen, two bedrooms, and one full bathroom. Upstairs, the second apartment offers two bedrooms, one full bathroom, a living room, eat-in kitchen, and additional storage space.
Outdoor features include a spacious backyard and deck. The property is near Schiller Park and the Buffalo-Cheektowaga border, with shopping, dining, entertainment, and everyday amenities nearby. Access to I-90 supports travel throughout Buffalo and surrounding areas.
Outdoor features include a spacious backyard and deck. The property is near Schiller Park and the Buffalo-Cheektowaga border, with shopping, dining, entertainment, and everyday amenities nearby. Access to I-90 supports travel throughout Buffalo and surrounding areas.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full bathrooms
- Lower unit includes combined living and dining room, kitchen, 2 bedrooms, and 1 full bathroom
- Upper unit features 2 bedrooms, 1 full bathroom, eat‑in kitchen, living room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,292
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,840
$245.8K
Cap Rate 7%
$175,600
$175.6K
Cap Rate 9%
$136,578
$136.6K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$23.4K $17.40/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$22.3K $16.62/SF
− OpEx
−$10.1K −$7.48/SF
NOI
$12.3K $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%
$245,840
Cap Rate 7%
$175,600
Cap Rate 9%
$136,578
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.8K – $222.4K
NOI $13,346 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$175.6K
$153.7K – $204.9K
NOI $12,292 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$323.4K
$283.0K – $377.4K
NOI $22,641 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separate living areas, kitchens, outdoor space, and access to nearby park, shopping, dining, and transportation.
Where is this duplex located?
The property is located at 24 Persia Street Buffalo, NY.
What is the asking price?
The asking price for this property is $139,999.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full bathrooms; Lower unit includes combined living and dining room, kitchen, 2 bedrooms, and 1 full bathroom; Upper unit features 2 bedrooms, 1 full bathroom, eat‑in kitchen, living room, and storage
