Duplex with Two-Car
For Sale
$260,000
Pending
39 Balbach Drive, Buffalo, NY 14225
Residential, Buffalo, NY
Property Size1,593 SF
Lot Size0.15 Acres
Days on Market68
Property Features for 39 Balbach Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4
Parking features
Open
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Maryvale
Middle school district
Maryvale
High school district
Maryvale
Subdivision
Cheektowaga-143089
Standard status
Pending
APN
143089-091-070-0007-005-000
Size
1,593 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
5931
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
laundry
yard
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Flooring type
Varies, Hardwood, Vinyl
Building materials
Brick, VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 689-7800
Listed By:
Gerald M Strobel · License #40ST0834232
(716) 866-4564
Added: Aug 11
Changed: Oct 16
Last Checked: Oct 17 at 8:06PM
MLS# B1706268
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 duplex contains 1,593 square feet on a 0.15-acre lot and was built in 1963. The upper residence offers two bedrooms, a living room with hardwood flooring, an eat-in kitchen, storage, and updated windows. The lower residence includes three bedrooms, a spacious kitchen, and a large living room. A full basement provides laundry space, while the property also includes a two-car garage and yard area.
Included appliances consist of a refrigerator and AC units in the upper unit, a stove and refrigerator in the lower unit, and a washer and dryer in the basement. Construction includes brick, vinyl siding, and copper plumbing. The property has natural gas forced-air heat, public water, an asphalt roof, and is located in the Maryvale school district in Buffalo, NY.
Included appliances consist of a refrigerator and AC units in the upper unit, a stove and refrigerator in the lower unit, and a washer and dryer in the basement. Construction includes brick, vinyl siding, and copper plumbing. The property has natural gas forced-air heat, public water, an asphalt roof, and is located in the Maryvale school district in Buffalo, NY.
Key Highlights
- Two‑unit property with 1,593 square feet of total property size
- 0.15‑acre lot with yard space and a two‑car garage
- Upper unit includes two bedrooms, hardwood flooring, eat‑in kitchen, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,807
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,140
$316.1K
Cap Rate 7%
$225,814
$225.8K
Cap Rate 9%
$175,633
$175.6K
Market Conditions
NOI Build-Up for 1,593 SF
Gross rent
$23.9K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$22.6K $14.17/SF
− OpEx
−$6.8K −$4.25/SF
NOI
$15.8K $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%
$316,140
Cap Rate 7%
$225,814
Cap Rate 9%
$175,633
Alternative Uses
Best Use
Multifamily LT 5
$225.8K
$197.6K – $263.5K
NOI $15,807 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,559 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$383.1K
$335.2K – $446.9K
NOI $26,816 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
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-unit residential property with separate living areas, basement laundry, yard space, and included appliances.
Where is this duplex located?
The property is located at 39 Balbach Drive Buffalo, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit property with 1,593 square feet of total property size; 0.15‑acre lot with yard space and a two‑car garage; Upper unit includes two bedrooms, hardwood flooring, eat‑in kitchen, and storage
