Two-Unit Duplex with Double
For Sale
$189,000
337 Mystic St, Buffalo, NY 14220
Both apartments are rented in a two-level residential property with separate living, kitchen, bedroom, and bathroom areas.
Property Size1,380 SF
Price / SF$136.96
Days on Market53
Property Features for 337 Mystic St
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hopkins-Tifft
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Ocairis Echevarria · License #10401388532
(716) 313-6060
Source:
Thejoshjamesteam
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 7 at 1:09PM
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
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 1900, this two-unit duplex contains a three-bedroom lower apartment and a two-bedroom upper apartment. The first-floor residence includes a living room, dining area, eat-in kitchen, tiled bathroom, and three bedrooms. Upstairs, the second apartment offers its own living room, eat-in kitchen, two bedrooms, and a full bathroom.
Both apartments are rented, providing an existing residential income setup. The property also includes a double lot with a substantial yard, adding outdoor space to the duplex configuration.
Both apartments are rented, providing an existing residential income setup. The property also includes a double lot with a substantial yard, adding outdoor space to the duplex configuration.
Key Highlights
- Two‑unit duplex with both apartments rented
- Three‑bedroom first‑floor apartment
- Two‑bedroom second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,693
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,860
$273.9K
Cap Rate 7%
$195,614
$195.6K
Cap Rate 9%
$152,144
$152.1K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$20.7K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$19.6K $14.17/SF
− OpEx
−$5.9K −$4.25/SF
NOI
$13.7K $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%
$273,860
Cap Rate 7%
$195,614
Cap Rate 9%
$152,144
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.2K
NOI $13,693 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$180.2K
$157.7K – $210.2K
NOI $12,612 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$331.9K
$290.4K – $387.2K
NOI $23,230 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
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 are rented in a two-level residential property with separate living, kitchen, bedroom, and bathroom areas.
Where is this duplex located?
The property is located at 337 Mystic St Buffalo, NY.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex with both apartments rented; Three‑bedroom first‑floor apartment; Two‑bedroom second‑floor apartment
