Two-Unit Duplex with Fenced
New
For Sale
$149,000
389 Military Road, Buffalo, NY 14207
Two separate utility setups serve a pair of two-bedroom apartments, offering independent service arrangements for each residence.
Property Size1,426 SF
Days on Market6
Property Features for 389 Military Road
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$800
Amenities
fully fenced backyard
covered rear porch
Building Details
Building Size
1,426 SF
Year Built
1880
Listing Agency:
Keller Williams Realty WNY
Listed By:
Stephen Zattosky · License #10401285918
(716) 501-8814
Source:
Highfallssir
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:06PM
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
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 contains two apartments, each configured with two bedrooms and one bathroom. Separate utilities serve the units. The property also includes a fully fenced backyard and a covered porch at the rear of the building, providing shared outdoor features.
Built in 1880, the residence is on Military Road in Buffalo. Hertel Avenue is a short walk away, with restaurants, shopping, public transportation, and parks in the surrounding area. Downtown Buffalo is accessible from the property.
Built in 1880, the residence is on Military Road in Buffalo. Hertel Avenue is a short walk away, with restaurants, shopping, public transportation, and parks in the surrounding area. Downtown Buffalo is accessible from the property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Separate utilities for each unit
- Fully fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,033
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,660
$260.7K
Cap Rate 7%
$186,186
$186.2K
Cap Rate 9%
$144,811
$144.8K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$24.8K $17.40/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$23.7K $16.62/SF
− OpEx
−$10.7K −$7.48/SF
NOI
$13.0K $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%
$260,660
Cap Rate 7%
$186,186
Cap Rate 9%
$144,811
Alternative Uses
Best Use
Multifamily LT 5
$202.1K
$176.9K – $235.8K
NOI $14,149 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$186.2K
$162.9K – $217.2K
NOI $13,033 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 16.11%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
769
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 - Two separate utility setups serve a pair of two-bedroom apartments, offering independent service arrangements for each residence.
Where is this duplex located?
The property is located at 389 Military Road Buffalo, NY.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Separate utilities for each unit; Fully fenced backyard
