3-Bedroom Duplex with
For Sale
$249,900
28 Geary St, Buffalo, NY 14210
Two residential levels each provide three bedrooms, separate utilities, laundry hookups, and off-street parking.
Property Size2,226 SF
Price / SF$112.26
Days on Market77
Property Features for 28 Geary St
General Information
Standard status
Active
Size
2,226 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joshua James · License #10301210944
(716) 697-3280
Source:
Skinnercnyrealty
Added: Aug 2
Changed: Oct 11
Last Checked: Oct 5 at 8:17PM
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 2,226-square-foot duplex, built in 1900, offers a three-bedroom lower residence and a three-bedroom upper residence. The lower level includes a formal dining room with a faux brick fireplace, a generous living room, hardwood floors, wood cabinetry, updated bathroom finishes, and abundant natural light. The upper level provides an expansive layout and a front balcony. Separate utilities, laundry hookups, a fenced backyard, and off-street parking add practical functionality.
The property includes a detached one-car garage for storage and is located near Cazenovia Creek and Park, schools, local shops, and entertainment. Downtown Buffalo is approximately 7 minutes away.
Recent improvements include a metal roof and gutters and some replacement windows in 2020, a lower high-efficiency furnace in 2019, an upper hot water tank in 2018, and newer electric services.
The property includes a detached one-car garage for storage and is located near Cazenovia Creek and Park, schools, local shops, and entertainment. Downtown Buffalo is approximately 7 minutes away.
Recent improvements include a metal roof and gutters and some replacement windows in 2020, a lower high-efficiency furnace in 2019, an upper hot water tank in 2018, and newer electric services.
Key Highlights
- 2,226 SF duplex with three bedrooms on each level
- Detached one‑car garage, fenced backyard, and off‑street parking
- Separate utilities and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,087
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,740
$441.7K
Cap Rate 7%
$315,529
$315.5K
Cap Rate 9%
$245,411
$245.4K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$33.4K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.6K $14.17/SF
− OpEx
−$9.5K −$4.25/SF
NOI
$22.1K $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%
$441,740
Cap Rate 7%
$315,529
Cap Rate 9%
$245,411
Alternative Uses
Best Use
Multifamily LT 5
$315.5K
$276.1K – $368.1K
NOI $22,087 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$535.3K
$468.4K – $624.5K
NOI $37,472 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
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Business Placement
Demographics for 14210, NY
15,480
Population
7,813
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
4,994
Density / Sq Mi
$51,059
Median Household Income
$31,652
Median Earnings
$925
Median Rent
$124,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels each provide three bedrooms, separate utilities, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 28 Geary St Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,226 SF duplex with three bedrooms on each level; Detached one‑car garage, fenced backyard, and off‑street parking; Separate utilities and laundry hookups
