Partially Leased Duplex
284 CAROLINA ST Buffalo, NY 14201
For Sale
$249,900
Partially leased duplex with two 3-bedroom units, updated flooring, and updated kitchen features including stainless appliances.
Property Size1,994 SF
Price / SF$125.33
Days on Market127
Property Features for 284 CAROLINA ST
General Information
Standard status
Active
Size
1,994 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
HUNT Real Estate Corporation
(716) 553-1486
Listed By:
Steven Persico
(716) 553-1486
Source:
Xome
Added: Mar 26
Changed: Jul 21
Last Checked: Jul 29 at 4:48AM
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.
This partially leased duplex offers residential income potential with two spacious units. Each unit includes three bedrooms and one full bathroom, with updated flooring and generously sized living spaces filled with natural light.
The kitchens have been updated with stainless steel appliances, modern cabinetry, and bay windows. The property is being offered for sale as a duplex suitable for investment buyers.
Additional unit details, exact lease terms, and other financial information are not provided in the remarks.
The kitchens have been updated with stainless steel appliances, modern cabinetry, and bay windows. The property is being offered for sale as a duplex suitable for investment buyers.
Additional unit details, exact lease terms, and other financial information are not provided in the remarks.
Key Highlights
- Partially leased duplex with two 3‑bedroom, 1 full‑bath units
- Updated flooring and spacious living areas with natural light in each unit
- Updated kitchens with stainless steel appliances, modern cabinetry, and bay windows
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $28.3k | $14.17 |
| − OpEx | −$8.5k | −$4.25 |
| NOI | $19.8k | $9.92 |
1,994 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,224 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Partially leased duplex with two 3-bedroom units, updated flooring, and updated kitchen features including stainless appliances.
Where is this duplex located?
The property is located at 284 CAROLINA 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: Partially leased duplex with two 3‑bedroom, 1 full‑bath units; Updated flooring and spacious living areas with natural light in each unit; Updated kitchens with stainless steel appliances, modern cabinetry, and bay windows
