3-Unit Multifamily
For Sale
$259,900
258 Laurel Street, Buffalo, NY 14208
Three residential units offer matching three-bedroom layouts with living, dining, kitchen, and full-bath areas.
Property Size2,136 SF
Days on Market67
Property Features for 258 Laurel Street
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,485
Building Details
Building Size
2,136 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
HUNT Real Estate Corporation
(347) 968-4231
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Dealrealtyonline
Added: Jun 24
Changed: Aug 28
Last Checked: Aug 28 at 1:36PM
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 HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
Built in 1900, this three-family residential property includes three separate units. Each residence is configured with three bedrooms, a living room, dining area, kitchen, and full bathroom, creating a consistent layout across the building.
Additional space includes a full basement and full attic. The rear yard extends to Memphis Alley and provides rear access. The property is near downtown Buffalo, schools, public transportation, shopping, and other local amenities.
Additional space includes a full basement and full attic. The rear yard extends to Memphis Alley and provides rear access. The property is near downtown Buffalo, schools, public transportation, shopping, and other local amenities.
Key Highlights
- Three‑family property with 3 units
- Each unit includes 3 bedrooms, living room, dining area, kitchen, and full bathroom
- Full basement and full attic provide additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,880
$423.9K
Cap Rate 7%
$302,771
$302.8K
Cap Rate 9%
$235,489
$235.5K
Market Conditions
NOI Build-Up for 2,136 SF
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.
Gross rent
$32.0K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.3K $14.17/SF
− OpEx
−$9.1K −$4.25/SF
NOI
$21.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,880
Cap Rate 7%
$302,771
Cap Rate 9%
$235,489
Alternative Uses
Best Use
Multifamily LT 5
$302.8K
$264.9K – $353.2K
NOI $21,194 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$278.9K
$244.0K – $325.4K
NOI $19,522 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 14208, NY
12,088
Population
5,884
Households
2.1
Avg Household Size
33
Median Age
23%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
10,073
Density / Sq Mi
$46,940
Median Household Income
$23,804
Median Earnings
$932
Median Rent
$118,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer matching three-bedroom layouts with living, dining, kitchen, and full-bath areas.
Where is this triplex located?
The property is located at 258 Laurel Street Buffalo, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Three‑family property with 3 units; Each unit includes 3 bedrooms, living room, dining area, kitchen, and full bathroom; Full basement and full attic provide additional storage space
