Renovated Duplex with
For Sale
$239,900
36 Krakow Street, Buffalo, NY 14206
Two updated residential units offer owner-occupant flexibility and rental income potential in Buffalo’s Kaisertown neighborhood.
Property Size2,212 SF
Days on Market149
Property Features for 36 Krakow Street
General Information
Standard status
Active
Size
2,212 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,435
Building Details
Building Size
2,212 SF
Year Built
1930
Stories
2
Units
2
Listing Agency:
Prestige Family Realty
(716) 425-4502
Listed By:
Julia Partsch · License #10301220911
(716) 425-4502
Source:
Northstarwny
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 9:11AM
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 Prestige Family Realty
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1930, includes two residential units with matching layouts of 3 bedrooms and 1 full bath. Interior improvements include new kitchens, refreshed bathrooms, and refinished hardwood flooring. Recent building updates include a new roof, a new furnace serving the upper unit, and a brand-new hot water tank.
The property also provides a 2-car garage, full basement, and walk-up attic for additional storage. Located at 36 Krakow Street in Buffalo’s Kaisertown neighborhood, the home offers a residential income configuration suitable for an owner-occupant or investor.
The property also provides a 2-car garage, full basement, and walk-up attic for additional storage. Located at 36 Krakow Street in Buffalo’s Kaisertown neighborhood, the home offers a residential income configuration suitable for an owner-occupant or investor.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 full bath in each unit
- New roof, upper‑unit furnace, and brand‑new hot water tank
- New kitchens and updated bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,980
$439.0K
Cap Rate 7%
$313,557
$313.6K
Cap Rate 9%
$243,878
$243.9K
Market Conditions
NOI Build-Up for 2,212 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.2K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.4K $14.17/SF
− OpEx
−$9.4K −$4.25/SF
NOI
$21.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,980
Cap Rate 7%
$313,557
Cap Rate 9%
$243,878
Alternative Uses
Best Use
Multifamily LT 5
$313.6K
$274.4K – $365.8K
NOI $21,949 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,216 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$531.9K
$465.5K – $620.6K
NOI $37,236 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
528
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units offer owner-occupant flexibility and rental income potential in Buffalo’s Kaisertown neighborhood.
Where is this duplex located?
The property is located at 36 Krakow Street Buffalo, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 full bath in each unit; New roof, upper‑unit furnace, and brand‑new hot water tank; New kitchens and updated bathrooms in both units
