Renovated Two-Family
For Sale
$239,900
36 Krakow Street, Buffalo, NY 14206
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,212 SF
Lot Size0.09 Acres
Price / SF$108.45
Days on Market140
Property Features for 36 Krakow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Basement, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1
Interior features
NaturalWoodwork
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Located between Weiss St and Clinton St.
Standard status
Active
APN
140200-123-330-0004-004-000
Size
2,212 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
1435
Utilities
Heating system
Other (Heating), Baseboard, Forced Air, Natural Gas
Water source
Public
Amenities
full basement
walk-up attic
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Vinyl
Building materials
AluminumSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Prestige Family Realty
(716) 389-3524
Listed By:
Julia Partsch · License #10301220911
(716) 425-4502
Added: Apr 3
Changed: Aug 15
Last Checked: Aug 20 at 5:06AM
MLS# B1669305
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1930 duplex contains two residential units, each offering 3 bedrooms and 1 full bathroom. The 2,212-square-foot property has renovated kitchens and bathrooms, refinished hardwood flooring, natural woodwork, vinyl flooring, and updated major systems. Improvements include a new roof, a new furnace serving the upper unit, and a new hot water tank.
The 0.0852-acre parcel at 36 Krakow Street in Buffalo’s Kaisertown neighborhood includes a 2-car garage, full basement, and walk-up attic. The property is fully fenced, has aluminum siding and an asphalt roof, and is connected to public water. Each unit’s three-bedroom layout supports both owner-occupant and rental-housing use.
The 0.0852-acre parcel at 36 Krakow Street in Buffalo’s Kaisertown neighborhood includes a 2-car garage, full basement, and walk-up attic. The property is fully fenced, has aluminum siding and an asphalt roof, and is connected to public water. Each unit’s three-bedroom layout supports both owner-occupant and rental-housing use.
Key Highlights
- Two 3‑bedroom, 1‑bath units within a 2,212‑square‑foot duplex
- Renovated kitchens and bathrooms with refinished hardwood floors
- New roof, upper‑unit furnace, and hot water tank
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
454
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 3-bedroom units with updated interiors, a detached garage, basement, and attic storage.
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 3‑bedroom, 1‑bath units within a 2,212‑square‑foot duplex; Renovated kitchens and bathrooms with refinished hardwood floors; New roof, upper‑unit furnace, and hot water tank
