3-Unit Multifamily
For Sale
$380,000
269 Sterling Ave, Buffalo, NY 14216
Residential units are complemented by off-street parking and a detached two-car garage.
Property Size2,968 SF
Price / SF$128.03
Days on Market79
Property Features for 269 Sterling Ave
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
3
Building Details
Year Built
1925
Buildings
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
David M Witczak · License #40WI1033093
(716) 602-9708
Source:
Skinnercnyrealty
Added: Jul 29
Changed: Oct 14
Last Checked: Oct 15 at 12:45AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
Located at 269 Sterling Ave in Buffalo, this 3-unit multifamily property contains approximately 2,968 square feet of living space. Built in 1925, the building offers three residential units with individual layouts and natural light. Off-street parking and a two-car garage add practical utility for residents.
The property is in North Buffalo near Hertel Avenue, with nearby shops, restaurants, parks, and everyday amenities. Its configuration supports continued multifamily use and provides a separate garage component alongside the residential space.
The property is in North Buffalo near Hertel Avenue, with nearby shops, restaurants, parks, and everyday amenities. Its configuration supports continued multifamily use and provides a separate garage component alongside the residential space.
Key Highlights
- Three‑unit multifamily building with approximately 2,968 square feet of living space
- Built in 1925
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,450
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,000
$589.0K
Cap Rate 7%
$420,714
$420.7K
Cap Rate 9%
$327,222
$327.2K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$44.5K $15.00/SF
− Vacancy
−$2.4K −$0.83/SF
EGI
$42.1K $14.17/SF
− OpEx
−$12.6K −$4.25/SF
NOI
$29.4K $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%
$589,000
Cap Rate 7%
$420,714
Cap Rate 9%
$327,222
Alternative Uses
Best Use
Multifamily LT 5
$420.7K
$368.1K – $490.8K
NOI $29,450 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$387.5K
$339.1K – $452.1K
NOI $27,126 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$713.7K
$624.5K – $832.7K
NOI $49,962 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
855
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Residential units are complemented by off-street parking and a detached two-car garage.
Where is this triplex located?
The property is located at 269 Sterling Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Three‑unit multifamily building with approximately 2,968 square feet of living space; Built in 1925; Off‑street parking included
