Renovated
For Sale
$264,900
318 14th Street, Buffalo, NY 14213
Both apartments have in-unit laundry, with separate living areas and distinct bedroom layouts.
Property Size1,619 SF
Days on Market9
Property Features for 318 14th Street
General Information
Standard status
Active
Size
1,619 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Side
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,183
Amenities
in-unit laundry
Building Details
Building Size
1,619 SF
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joseph Brown · License #10401344902
(716) 550-6771
Source:
Highfallssir
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 28 at 4:09PM
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 1900-built duplex contains two renovated apartments. The first has 2 bedrooms, 1 bathroom, living and dining space, and in-unit laundry; the second includes 1 bedroom, 1 bathroom, a living area, and its own laundry. Building updates include newer windows throughout, a new roof, two new hot water tanks, and two newer furnaces.
The property is in Buffalo’s West Side, with access to major expressways and a short drive from Downtown Buffalo, Allentown, and Elmwood Village. Restaurants, shopping, entertainment, and other neighborhood amenities are also nearby.
The property is in Buffalo’s West Side, with access to major expressways and a short drive from Downtown Buffalo, Allentown, and Elmwood Village. Restaurants, shopping, entertainment, and other neighborhood amenities are also nearby.
Key Highlights
- Two renovated apartments: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom
- In‑unit laundry in both apartments
- New roof, newer windows throughout, two new hot water tanks, and two newer furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,065
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,300
$321.3K
Cap Rate 7%
$229,500
$229.5K
Cap Rate 9%
$178,500
$178.5K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$24.3K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$22.9K $14.17/SF
− OpEx
−$6.9K −$4.25/SF
NOI
$16.1K $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%
$321,300
Cap Rate 7%
$229,500
Cap Rate 9%
$178,500
Alternative Uses
Best Use
Multifamily LT 5
$229.5K
$200.8K – $267.8K
NOI $16,065 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.6K
NOI $14,797 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$389.3K
$340.7K – $454.2K
NOI $27,254 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
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Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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 - Both apartments have in-unit laundry, with separate living areas and distinct bedroom layouts.
Where is this duplex located?
The property is located at 318 14th Street Buffalo, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two renovated apartments: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom; In‑unit laundry in both apartments; New roof, newer windows throughout, two new hot water tanks, and two newer furnaces
