Renovated Two-Unit
New
For Sale
$219,999
46 La Force Place, Buffalo, NY 14207
The property offers separate three-bedroom and two-bedroom residences, with updates throughout both units.
Property Size2,140 SF
Days on Market6
Property Features for 46 La Force Place
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Multi Family
Site & Location
Neighborhood
West Hertel
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,897
Building Details
Building Size
2,140 SF
Year Built
1910
Buildings
1
Listing Agency:
Atlas Realty Trading Co LLC
Listed By:
Kekeli Olympio · License #10401350130
(716) 222-2227
Source:
Highfallssir
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 12:34PM
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 Atlas Realty Trading Co LLC
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Investment Insights
Based on property information with market context.
This duplex contains two renovated residences: a lower unit with three bedrooms and an upper unit with two. The improvements extend throughout both apartments, and the property includes a yard. Built in 1910, the building is located at 46 La Force Place in Buffalo, New York.
The property is near Hertel Avenue, with shopping, dining, and other local amenities in the surrounding area. A separate lot behind the property is also available for purchase.
The property is near Hertel Avenue, with shopping, dining, and other local amenities in the surrounding area. A separate lot behind the property is also available for purchase.
Key Highlights
- Two‑unit duplex with a three‑bedroom lower apartment and a two‑bedroom upper apartment
- Both residences have been renovated
- Yard included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,558
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,160
$391.2K
Cap Rate 7%
$279,400
$279.4K
Cap Rate 9%
$217,311
$217.3K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$37.2K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$35.6K $16.62/SF
− OpEx
−$16.0K −$7.48/SF
NOI
$19.6K $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%
$391,160
Cap Rate 7%
$279,400
Cap Rate 9%
$217,311
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.9K
NOI $21,234 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$279.4K
$244.5K – $326.0K
NOI $19,558 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,024 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers separate three-bedroom and two-bedroom residences, with updates throughout both units.
Where is this duplex located?
The property is located at 46 La Force Place Buffalo, NY.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom lower apartment and a two‑bedroom upper apartment; Both residences have been renovated; Yard included
