Two-Unit
For Sale
$164,000
48 Belmont Street, Buffalo, NY 14207
Two separate apartments provide distinct living spaces across the building’s lower and upper floors.
Property Size1,371 SF
Days on Market13
Property Features for 48 Belmont Street
General Information
Standard status
Active
Size
1,371 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,945
Building Details
Building Size
1,371 SF
Year Built
1923
Listing Agency:
Blue Eagle Realty Corp.
Listed By:
Alan Findlay · License #10401299791
(716) 436-1296
Source:
Highfallssir
Added: Oct 6
Changed: Oct 17
Last Checked: Oct 16 at 2:41PM
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 Blue Eagle Realty Corp.
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Investment Insights
Based on property information with market context.
This duplex contains two independently arranged apartments. The lower-floor unit has three bedrooms and one bathroom, while the upper-floor unit offers two bedrooms and one bathroom. The building dates to 1923.
Set on a residential street north of downtown Buffalo, the property is within a short drive of transit and everyday shops. Pets have been accepted.
Set on a residential street north of downtown Buffalo, the property is within a short drive of transit and everyday shops. Pets have been accepted.
Key Highlights
- Two‑unit duplex built in 1923
- Lower apartment: 3 bedrooms and 1 bathroom
- Upper apartment: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,604
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,080
$272.1K
Cap Rate 7%
$194,343
$194.3K
Cap Rate 9%
$151,156
$151.2K
Market Conditions
NOI Build-Up for 1,371 SF
Gross rent
$20.6K $15.00/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$19.4K $14.17/SF
− OpEx
−$5.8K −$4.25/SF
NOI
$13.6K $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%
$272,080
Cap Rate 7%
$194,343
Cap Rate 9%
$151,156
Alternative Uses
Best Use
Multifamily LT 5
$194.3K
$170.1K – $226.7K
NOI $13,604 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$179.0K
$156.6K – $208.8K
NOI $12,530 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$329.7K
$288.5K – $384.7K
NOI $23,079 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
472
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 apartments provide distinct living spaces across the building’s lower and upper floors.
Where is this duplex located?
The property is located at 48 Belmont Street Buffalo, NY.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1923; Lower apartment: 3 bedrooms and 1 bathroom; Upper apartment: 2 bedrooms and 1 bathroom
