Two-Unit Duplex with Shared
For Sale
$164,900
311 Ideal Street, Buffalo, NY 14206
Both apartments have two bedrooms, with shared basement laundry and fenced outdoor space.
Property Size1,496 SF
Days on Market14
Property Features for 311 Ideal Street
General Information
Standard status
Active
Size
1,496 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,742
Amenities
front porch
rear deck
fenced yard
washer/dryer
Building Details
Building Size
1,496 SF
Year Built
1920
Buildings
1
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Cindy A Jones · License #40JO1035891
(716) 480-9669
Source:
Highfallssir
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 16 at 5:50PM
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 Howard Hanna WNY Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two apartments, each with two bedrooms. The lower unit includes a living room connected to a kitchen and great room, plus a full bath with a separate shower and jetted tub. Original woodwork, leaded glass, hardwood flooring, and some laminate flooring are among its interior features. The upper apartment has a living area and kitchen. A full basement provides shared washer and dryer access for both households.
The property also has a fenced yard and a large deck for shared outdoor use. The furnace and hot water tanks receive regular maintenance. Gutters were replaced within the past 2 years, and the roof is approximately 15 years old, with a 30-year architectural shingle rating. The front porch and rear deck have been freshly painted.
The property also has a fenced yard and a large deck for shared outdoor use. The furnace and hot water tanks receive regular maintenance. Gutters were replaced within the past 2 years, and the roof is approximately 15 years old, with a 30-year architectural shingle rating. The front porch and rear deck have been freshly painted.
Key Highlights
- Two apartments, each with two bedrooms
- Lower unit features a separate shower and jetted tub
- Shared washer and dryer in the full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,844
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,880
$296.9K
Cap Rate 7%
$212,057
$212.1K
Cap Rate 9%
$164,933
$164.9K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$22.4K $15.00/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$21.2K $14.17/SF
− OpEx
−$6.4K −$4.25/SF
NOI
$14.8K $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%
$296,880
Cap Rate 7%
$212,057
Cap Rate 9%
$164,933
Alternative Uses
Best Use
Multifamily LT 5
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.9K
NOI $13,672 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$359.8K
$314.8K – $419.7K
NOI $25,183 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms, with shared basement laundry and fenced outdoor space.
Where is this duplex located?
The property is located at 311 Ideal Street Buffalo, NY.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; Lower unit features a separate shower and jetted tub; Shared washer and dryer in the full basement
