Two-Unit Residential Income
364 Potomac Avenue Buffalo, NY 14213
New
364 Potomac Avenue, Buffalo, NY, 14213
$474,900
For Sale
$474,900
MULTI_FAMILY - Buffalo, NY
Property Size2,733 SF
Lot Size0.06 Acres
Price / SF$173.77
Days on Market2
Property Features for 364 Potomac Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Basement, Bathroom 2, Bedroom 5, Bedroom 2
- Parking features
- On Street, Open, Garage
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, Storage, ProgrammableThermostat
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-088-760-0002-028-000
- Size
- 2,733 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2822
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- VinylSiding, PexPlumbing
- Roof type
- Shingle, Asphalt
- Additional Structures
- Storage
Listing Agency
Keller Williams Realty WNY
(716) 832-3300
5500 Main St. Ste. 108, Williamsville, NY
Listed by
Deborah J Zych · License #30ZY0931350
(716) 818-2118
Added: Jul 15 Checked: Jul 16 at 11:06 pm
MLS# B1698263
Listing URL
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 two-unit duplex offers a lower unit with 3 bedrooms and an upper unit with 4 bedrooms. Updates noted in both units include remodeled kitchens with soft-close cabinetry, ceramic backsplash, quartz countertops, and stainless steel appliances, along with updated bathrooms, new or refreshed flooring and lighting, ceiling fans in bedrooms, and updated living room finishes. The property also features painted rooms, a breakfast bar and in-unit washer and dryer in the lower unit, and a rounded turret room in the upper unit.
The home includes a full, stand-up attic for storage and off-street parking in a rebuilt, brick 2.5+ attached garage. The property is located at 364 Potomac Avenue in Buffalo, New York.
Additional improvements reported include roof work, electrical updates, PEX plumbing, new windows (with the exception of the attic), and approximately 50% of siding replaced.
The home includes a full, stand-up attic for storage and off-street parking in a rebuilt, brick 2.5+ attached garage. The property is located at 364 Potomac Avenue in Buffalo, New York.
Additional improvements reported include roof work, electrical updates, PEX plumbing, new windows (with the exception of the attic), and approximately 50% of siding replaced.
Key Highlights
- Double/two‑unit home on the corner of Potomac and Hoyt with 3 bedrooms in the lower unit and 4 bedrooms in the upper unit
- Last rents reported: May 2026 at $1,950 and $1,800
- Updates to both units in 2023–2034 including kitchen upgrades with quartz counters, soft‑close cabinets, and stainless appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $38.7k | $14.17 |
| − OpEx | −$11.6k | −$4.25 |
| NOI | $27.1k | $9.92 |
2,733 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.4K
$339.0K – $452.0K
NOI $27,118 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$657.2K
$575.1K – $766.8K
NOI $46,006 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Double-unit duplex with 3-bedroom lower and 4-bedroom upper, updated kitchens and baths, and a rebuilt brick 2.5+ 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 $474,900.
What are key features of this property?
This property features: Double/two‑unit home on the corner of Potomac and Hoyt with 3 bedrooms in the lower unit and 4 bedrooms in the upper unit; Last rents reported: May 2026 at $1,950 and $1,800; Updates to both units in 2023–2034 including kitchen upgrades with quartz counters, soft‑close cabinets, and stainless appliances
