Tenant-Occupied
For Sale
$230,000
47 Lakeview Avenue, Buffalo, NY 14201
Two-unit property with separate laundry hookups, included appliances, and a fenced backyard.
Property Size2,228 SF
Days on Market59
Property Features for 47 Lakeview Avenue
General Information
Standard status
Active
Size
2,228 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,934
Amenities
hardwood and vinyl flooring
appliances included
separate laundry hookups
fully fenced backyard
Building Details
Building Size
2,228 SF
Year Built
1890
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Cheyenne Castro-Santos · License #10401301791
(267) 467-2442
Source:
Highfallssir
Added: Aug 21
Changed: Oct 9
Last Checked: Oct 16 at 3:42PM
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 Howard Hanna WNY Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two distinct residential units with a practical mix of layouts. The lower apartment offers three bedrooms and one bathroom, while the upper apartment includes one bedroom and one bathroom. Hardwood and vinyl flooring are present throughout the units, and appliances are included. Separate laundry hookups provide dedicated laundry access for each apartment.
Both units are currently tenant occupied. The property also includes a fully fenced backyard, adding private exterior space to the residence. Built in 1890, the duplex is located at 47 Lakeview Avenue in Buffalo, New York.
Both units are currently tenant occupied. The property also includes a fully fenced backyard, adding private exterior space to the residence. Built in 1890, the duplex is located at 47 Lakeview Avenue in Buffalo, New York.
Key Highlights
- Two‑unit duplex with both apartments currently tenant occupied
- Lower unit includes 3 bedrooms and 1 bathroom
- Upper unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,362
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,240
$407.2K
Cap Rate 7%
$290,886
$290.9K
Cap Rate 9%
$226,244
$226.2K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$38.8K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$37.0K $16.62/SF
− OpEx
−$16.7K −$7.48/SF
NOI
$20.4K $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%
$407,240
Cap Rate 7%
$290,886
Cap Rate 9%
$226,244
Alternative Uses
Best Use
Multifamily LT 5
$315.8K
$276.3K – $368.5K
NOI $22,107 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$290.9K
$254.5K – $339.4K
NOI $20,362 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$535.8K
$468.8K – $625.1K
NOI $37,505 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 14201, NY
12,364
Population
7,172
Households
1.7
Avg Household Size
33
Median Age
39%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
11,240
Density / Sq Mi
$34,204
Median Household Income
$34,081
Median Earnings
$953
Median Rent
$327,900
Median Home Value
Check the figures for this property
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-unit property with separate laundry hookups, included appliances, and a fenced backyard.
Where is this duplex located?
The property is located at 47 Lakeview Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex with both apartments currently tenant occupied; Lower unit includes 3 bedrooms and 1 bathroom; Upper unit includes 1 bedroom and 1 bathroom
