Duplex with Two-Car
For Sale
$379,900
262 Sterling Avenue, Buffalo, NY 14216
Two-unit property with separate entrances, central air in both residences, outdoor spaces, and an upper-level tenant in place.
Property Size2,640 SF
Days on Market101
Property Features for 262 Sterling Avenue
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,210
Amenities
balcony
decks
fencing
garden
attic
partially finished basement
central A/C
Building Details
Building Size
2,640 SF
Year Built
1927
Buildings
1
Construction
brick-and-vinyl
Listing Agency:
Keller Williams Realty WNY
Listed By:
Kim Whelan · License #10401312582
(716) 481-5677
Source:
Highfallssir
Added: Jul 10
Changed: Oct 16
Last Checked: Oct 16 at 2:53PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
This 2,640-square-foot duplex, built in 1927, offers two separate residences with individual entrances. The property combines brick and vinyl exterior finishes with a 19x8 front balcony, two rear decks measuring 9x7, and a two-car garage with attached storage. Central A/C serves both units. The lower residence has new carpeting and fresh paint, while the upper unit was renovated 3 years ago.
Interior features include a foyer with original woodwork, a full attic, and a partially finished basement with two rooms. The upper-unit tenant may continue the tenancy, providing an existing occupancy arrangement. The property is near the Hertel strip, Delaware Park, Buffalo Zoo, and multiple restaurants.
Interior features include a foyer with original woodwork, a full attic, and a partially finished basement with two rooms. The upper-unit tenant may continue the tenancy, providing an existing occupancy arrangement. The property is near the Hertel strip, Delaware Park, Buffalo Zoo, and multiple restaurants.
Key Highlights
- 2,640 SF duplex built in 1927
- Two separate units with individual entrances
- Two‑car garage with attached storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,195
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$39.6K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$37.4K $14.17/SF
− OpEx
−$11.2K −$4.25/SF
NOI
$26.2K $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 Rate 5%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,128 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,441 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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-unit property with separate entrances, central air in both residences, outdoor spaces, and an upper-level tenant in place.
Where is this duplex located?
The property is located at 262 Sterling Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,640 SF duplex built in 1927; Two separate units with individual entrances; Two‑car garage with attached storage space
