Multifamily Property with Usable
For Sale
$159,000
24 Philadelphia St, Buffalo, NY 14207
Residential multifamily property with a functional interior layout, practical kitchen, bedrooms, and outdoor yard space.
Property Size1,287 SF
Price / SF$123.54
Days on Market47
Property Features for 24 Philadelphia St
General Information
Standard status
Active
Size
1,287 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1910
Listing Agency:
Blue Eagle Realty Corp.
Listed By:
Alan Findlay · License #10401299791
(716) 284-6510
Source:
Thejoshjamesteam
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 7 at 4:53PM
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 Blue Eagle Realty Corp.
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Investment Insights
Based on property information with market context.
This 1,287-square-foot multifamily property was built in 1910 and includes a functional interior arrangement with living areas, a practical kitchen, and bedrooms. The property also offers a usable yard for outdoor space.
Located at 24 Philadelphia Street in Buffalo’s Riverside neighborhood, the home is near local shops, parks, public transportation, and major roadways. Its residential setting provides access to everyday amenities and commuting routes while retaining a neighborhood-oriented environment.
Located at 24 Philadelphia Street in Buffalo’s Riverside neighborhood, the home is near local shops, parks, public transportation, and major roadways. Its residential setting provides access to everyday amenities and commuting routes while retaining a neighborhood-oriented environment.
Key Highlights
- 1,287‑square‑foot multifamily property built in 1910
- Functional layout with living spaces, kitchen, and bedrooms
- Usable yard provides outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,762
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,240
$235.2K
Cap Rate 7%
$168,029
$168.0K
Cap Rate 9%
$130,689
$130.7K
Market Conditions
NOI Build-Up for 1,287 SF
Gross rent
$22.4K $17.40/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$21.4K $16.62/SF
− OpEx
−$9.6K −$7.48/SF
NOI
$11.8K $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%
$235,240
Cap Rate 7%
$168,029
Cap Rate 9%
$130,689
Alternative Uses
Best Use
Apartment 5plus
$168.0K
$147.0K – $196.0K
NOI $11,762 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.5K
$270.8K – $361.1K
NOI $21,665 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
531
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?
Multifamily property - Residential multifamily property with a functional interior layout, practical kitchen, bedrooms, and outdoor yard space.
Where is this multifamily property located?
The property is located at 24 Philadelphia St Buffalo, NY.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 1,287‑square‑foot multifamily property built in 1910; Functional layout with living spaces, kitchen, and bedrooms; Usable yard provides outdoor space
