Fire-Damaged
For Sale
Contact for pricing
356 Esser Avenue, Buffalo, NY 14207
Built in 1910, the property requires extensive renovation.
Property Size2,736 SF
Days on Market18
Property Features for 356 Esser Avenue
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
Fire Damaged
Taxes and HOA fees
Annual Taxes
$915
Building Details
Building Size
2,736 SF
Year Built
1910
Listing Agency:
Rhoades Real Estate
Listed By:
James T Rhoades · License #10311204457
(716) 830-8085
Source:
Highfallssir
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 16 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 Rhoades Real Estate
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.
This duplex sustained fire damage and will require extensive renovation. The building dates to 1910 and is located at 356 Esser Avenue in Buffalo, New York. Anyone entering for a showing must first sign and return a Hold Harmless agreement.
Key Highlights
- Fire‑damaged duplex requiring extensive renovation
- Built in 1910
- Showings require a signed and returned Hold Harmless agreement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,005
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,100
$500.1K
Cap Rate 7%
$357,214
$357.2K
Cap Rate 9%
$277,833
$277.8K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$47.6K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$45.5K $16.62/SF
− OpEx
−$20.5K −$7.48/SF
NOI
$25.0K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,100
Cap Rate 7%
$357,214
Cap Rate 9%
$277,833
Alternative Uses
Best Use
Multifamily LT 5
$387.8K
$339.4K – $452.5K
NOI $27,148 @ 7.0% cap · market cap 271.51%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 250.08%
Theoretical Best
Office A
$658.0K
$575.7K – $767.6K
NOI $46,057 @ 7.0% cap · market cap 460.62%
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
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
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 - Built in 1910, the property requires extensive renovation.
Where is this duplex located?
The property is located at 356 Esser Avenue Buffalo, NY.
What are key features of this property?
This property features: Fire‑damaged duplex requiring extensive renovation; Built in 1910; Showings require a signed and returned Hold Harmless agreement
