Two-Unit Residential Income
439 Vermont Street Buffalo, NY 14213
For Sale
$249,900
Large two-unit duplex with off-street parking, in-unit laundry, and separate utilities with individual meters.
Property Size1,898 SF
Price / SF$131.66
Days on Market87
Property Features for 439 Vermont Street
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi-Family
Building Details
Year Built
1875
Listing Agency:
(716) 655-4445
Listed By:
Perfect Place
Source:
Xome
Added: May 4
Changed: Jul 23
Last Checked: Jul 29 at 4:19AM
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 Perfect Place
Investment Insights
Based on property information with market context.
439 Vermont Street offers a large two-unit duplex with off-street parking and practical, tenant-friendly features in both units. The property includes separate utilities and meters, in-unit laundry, and porches for each unit. Updates include newer furnaces and updated electrical panels. Photos for the upper unit are from the 2023 remodel completed prior to the current tenant moving in.
The duplex is located in a high-demand area with convenient access to Richmond and nearby areas including Elmwood and Five Points, along with a quick commute to Downtown and the Medical Corridor.
The property is currently producing rental income, and rent increases are scheduled for July 1st.
The duplex is located in a high-demand area with convenient access to Richmond and nearby areas including Elmwood and Five Points, along with a quick commute to Downtown and the Medical Corridor.
The property is currently producing rental income, and rent increases are scheduled for July 1st.
Key Highlights
- Large two‑unit duplex with separate utilities and individual meters
- In‑unit laundry for both units
- Off‑street parking with paved driveway
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 | $28.5k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $26.9k | $14.17 |
| − OpEx | −$8.1k | −$4.25 |
| NOI | $18.8k | $9.92 |
1,898 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.0K
$235.4K – $313.9K
NOI $18,833 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,346 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,950 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Large two-unit duplex with off-street parking, in-unit laundry, and separate utilities with individual meters.
Where is this duplex located?
The property is located at 439 Vermont Street Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Large two‑unit duplex with separate utilities and individual meters; In‑unit laundry for both units; Off‑street parking with paved driveway
