Duplex with Covered Rear
New
For Sale
$149,000
389 Military Road, Buffalo, NY 14207
Residential, Buffalo, NY
Property Size1,426 SF
Lot Size0.08 Acres
Price / SF$104.49
Days on Market2
Property Features for 389 Military Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 2
Appliances
GasWaterHeater
Subdivision
Buffalo
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Standard status
Active
APN
140200-077-670-0001-017-000
Size
1,426 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
800
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
fully fenced backyard
covered rear porch
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate, Varies, Vinyl
Building materials
ShakeSiding
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Stephen Zattosky · License #10401285918
(716) 501-8814
Added: Oct 15
Last Checked: Oct 16 at 7:06PM
MLS# B1719083
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.
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Investment Insights
Based on property information with market context.
This 1,426-square-foot duplex, built in 1880, contains two apartments with two bedrooms and one bathroom apiece. Separate utilities serve the units. The property occupies a 0.0776-acre lot and includes a fully enclosed backyard and a covered porch at the rear of the building.
Located at 389 Military Road in Buffalo, the property is steps from Hertel Avenue and near restaurants, shops, public transportation, and parks. Downtown Buffalo is also accessible from this location.
Located at 389 Military Road in Buffalo, the property is steps from Hertel Avenue and near restaurants, shops, public transportation, and parks. Downtown Buffalo is also accessible from this location.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,426 square feet on a 0.0776‑acre lot
- Separate utilities for the apartments
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each have two bedrooms and one bathroom, with utilities metered separately.
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; 1,426 square feet on a 0.0776‑acre lot; Separate utilities for the apartments
