Duplex With Attached
For Sale
$430,000
364 Potomac Avenue, Buffalo, NY 14213
Two updated residences offer three- and four-bedroom layouts, with off-street parking and a substantial attached garage.
Property Size2,733 SF
Price / SF$157.34
Days on Market106
Property Features for 364 Potomac Avenue
General Information
Standard status
Active
Size
2,733 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Elmwood Bidwell
Units
Unit Mix
1 x 3BR, 1 x 4BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,822
Amenities
Ceiling Fan(s)
Storage
Programmable Thermostat
Building Details
Building Size
2,733 SF
Year Built
1890
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Deborah J Zych · License #30ZY0931350
(716) 818-2118
Source:
Franzese-realestate
Added: Jul 15
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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
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Investment Insights
Based on property information with market context.
This 2,733-square-foot duplex contains a three-bedroom lower residence and a four-bedroom upper residence. Both units have updated kitchens and bathrooms, refreshed flooring and lighting, and fresh paint. The lower unit includes a breakfast bar, window blinds, and a washer and dryer; the upper unit features a rounded turret room. A full-height attic provides storage space.
Building improvements include a roof, electrical work, PEX plumbing, replacement windows except in the attic, and replacement of approximately 50% of the siding. Off-street parking is available in the rebuilt brick attached garage, described as 2.5+ in capacity.
Building improvements include a roof, electrical work, PEX plumbing, replacement windows except in the attic, and replacement of approximately 50% of the siding. Off-street parking is available in the rebuilt brick attached garage, described as 2.5+ in capacity.
Key Highlights
- 2,733‑square‑foot duplex with a 3‑bedroom lower unit and 4‑bedroom upper unit
- Rebuilt brick attached garage with 2.5+ capacity and off‑street parking
- Updated kitchens and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,118
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,360
$542.4K
Cap Rate 7%
$387,400
$387.4K
Cap Rate 9%
$301,311
$301.3K
Market Conditions
NOI Build-Up for 2,733 SF
Gross rent
$41.0K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$38.7K $14.17/SF
− OpEx
−$11.6K −$4.25/SF
NOI
$27.1K $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%
$542,360
Cap Rate 7%
$387,400
Cap Rate 9%
$301,311
Alternative Uses
Best Use
Multifamily LT 5
$387.4K
$339.0K – $452.0K
NOI $27,118 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$657.2K
$575.1K – $766.8K
NOI $46,006 @ 7.0% cap · market cap 10.70%
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
1,150
Businesses Nearby
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Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
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 - Two updated residences offer three- and four-bedroom layouts, with off-street parking and a substantial attached garage.
Where is this duplex located?
The property is located at 364 Potomac Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,733‑square‑foot duplex with a 3‑bedroom lower unit and 4‑bedroom upper unit; Rebuilt brick attached garage with 2.5+ capacity and off‑street parking; Updated kitchens and bathrooms in both residences
