Two-Unit Duplex with
For Sale
$309,000
321 Niagara Falls Boulevard, Buffalo, NY 14226
Separate kitchens and living spaces serve a three-bedroom residence and a one-bedroom unit.
Property Size1,894 SF
Price / SF$163.15
Days on Market48
Property Features for 321 Niagara Falls Boulevard
General Information
Standard status
Active
Size
1,894 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
University
Units
Unit Mix
3BR/1BA, 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,760
Building Details
Building Size
1,894 SF
Year Built
1947
Buildings
1
Stories
1
Units
2
Listed By:
Heidi Westcott
(315) 796-9034
Source:
Deeprootedrealty
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Heidi Westcott
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Investment Insights
Based on property information with market context.
This 1,894-square-foot duplex contains two distinct residences. One has three bedrooms and a full bathroom; the other has one bedroom and a full bathroom. Each unit includes a kitchen and its own living and dining areas. The property was built in 1947.
Outdoor features include a backyard and additional parking for residents and visitors.
Outdoor features include a backyard and additional parking for residents and visitors.
Key Highlights
- Two‑unit layout with a three‑bedroom residence and a one‑bedroom unit
- 1,894 square feet
- Each residence has its own kitchen, living area, and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,793
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,860
$375.9K
Cap Rate 7%
$268,471
$268.5K
Cap Rate 9%
$208,811
$208.8K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$28.4K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$26.8K $14.17/SF
− OpEx
−$8.1K −$4.25/SF
NOI
$18.8K $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%
$375,860
Cap Rate 7%
$268,471
Cap Rate 9%
$208,811
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$234.9K – $313.2K
NOI $18,793 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.5K
NOI $17,310 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$455.5K
$398.5K – $531.4K
NOI $31,883 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
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Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
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 - Separate kitchens and living spaces serve a three-bedroom residence and a one-bedroom unit.
Where is this duplex located?
The property is located at 321 Niagara Falls Boulevard Buffalo, NY.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two‑unit layout with a three‑bedroom residence and a one‑bedroom unit; 1,894 square feet; Each residence has its own kitchen, living area, and dining area
