Building Details

Year Built 1970

Listing Agency: Keller Williams Realty WNY

Listed By: John Santora III · License #10401291249 Show Phone

Source: Thejoshjamesteam

Added: Jul 25 Changed: Oct 15 Last Checked: Oct 7 at 2:10PM

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Investment Insights

Based on property information with market context.

This well-maintained duplex contains two 1,107-square-foot apartments, each arranged with three bedrooms, one full bathroom, and comfortable living areas. Updated bathrooms, separate utilities, and maintenance-free vinyl siding complement the classic brick front. The property also includes a double-wide concrete driveway, private patio, and outdoor storage shed.

A full shared basement provides substantial storage and separate laundry areas for both apartments. The roof was replaced in 2011, and the mechanical systems have been maintained. Located directly across from a school, the property is minutes from the NYS Thruway, downtown Buffalo, shopping, restaurants, parks, and daily conveniences.

Key Highlights

• Two‑unit duplex with 2,214 total square feet
• Each apartment measures 1,107 Sqft with 3 bedrooms and 1 full bath
• Separate utilities for both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,968

Cap Rate

6.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$439,360 $439.4K

Cap Rate 7%

$313,829 $313.8K

Cap Rate 9%

$244,089 $244.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,214 SF

Gross rent

$33.2K $15.00/SF

− Vacancy

−$1.8K −$0.83/SF

EGI

$31.4K $14.17/SF

− OpEx

−$9.4K −$4.25/SF

NOI

$22.0K $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%

$439,360

Cap Rate 7%

$313,829

Cap Rate 9%

$244,089

Alternative Uses

Best Use

Multifamily LT 5

$313.8K

$274.6K – $366.1K (±1% cap)

NOI $21,968 @ 7.0% cap · market cap 6.87%

Second Best

Apartment 5plus

$289.1K

$252.9K – $337.3K (±1% cap)

NOI $20,235 @ 7.0% cap · market cap 6.33%

Theoretical Best

Office A

$532.4K

$465.9K – $621.2K (±1% cap)

NOI $37,270 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

237

Businesses Nearby

Explore this area Business Placement

Demographics for 14210, NY

15,480

Population

7,813

Households

2

Avg Household Size

36

Median Age

19%

College-Educated

85%

High-School Grad

3.1 sq mi

ZIP Area

4,994

Density / Sq Mi

$51,059

Median Household Income

$31,652

Median Earnings

$925

Median Rent

$124,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious apartments offer separate utilities, off-street parking, private outdoor space, and shared basement storage.

Where is this duplex located?

The property is located at 55 S Ogden St Buffalo, NY.

What is the asking price?

The asking price for this property is $319,900.

What are key features of this property?

This property features: Two‑unit duplex with 2,214 total square feet; Each apartment measures 1,107 Sqft with 3 bedrooms and 1 full bath; Separate utilities for both units