Brick-Front Duplex with
For Sale
$319,900
Pending
55 S Ogden Street, Buffalo, NY 14210
Residential, Buffalo, NY
Property Size2,214 SF
Lot Size0.11 Acres
Days on Market46
Property Features for 55 S Ogden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Patio and Porch features
Patio
Interior features
CeilingFans, SlidingGlassDoors, Storage, NaturalWoodwork
Exterior features
Awnings, Patio, PrivateYard
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
MINERAL SPRINGS TO SOUTH OGDEN
Standard status
Pending
APN
140200-123-670-0001-005-000
Size
2,214 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
1935
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Amenities
basement
laundry areas
patio
storage shed
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
Varies, Vinyl, Carpet
Building materials
AtticCrawlHatchwaysInsulated, Brick, VinylSiding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
John Santora III · License #10401291249
(716) 908-4304
Added: Jul 10
Changed: Aug 22
Last Checked: Aug 24 at 9:06PM
MLS# B1697479
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,214-square-foot duplex at 55 S Ogden Street includes two 1,107-square-foot units, each with three bedrooms, one full bathroom, bright living areas, updated bathrooms, and separate utilities. The building combines a brick front with maintenance-free vinyl siding and includes a newer double-wide concrete driveway, private patio, storage shed, and full shared dry basement. Each unit has its own laundry area, while interior finishes include natural woodwork, vinyl and carpet flooring, ceiling fans, and gas forced-air heat. Window and wall unit cooling are also present.
The property sits directly across from a school and is minutes from the NYS Thruway, downtown Buffalo, shopping, restaurants, parks, and everyday services. A shingle roof was replaced in 2011, and the public water supply, well-maintained mechanical systems, and separate utilities support practical ongoing operation. The duplex is currently occupied by two rental units and also offers an owner-occupancy configuration.
The property sits directly across from a school and is minutes from the NYS Thruway, downtown Buffalo, shopping, restaurants, parks, and everyday services. A shingle roof was replaced in 2011, and the public water supply, well-maintained mechanical systems, and separate utilities support practical ongoing operation. The duplex is currently occupied by two rental units and also offers an owner-occupancy configuration.
Key Highlights
- Two 1,107‑square‑foot units, each with 3 bedrooms and 1 full bathroom
- 2,214 square feet on a 0.109‑acre lot
- Brick front with maintenance‑free vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,360
$439.4K
Cap Rate 7%
$313,829
$313.8K
Cap Rate 9%
$244,089
$244.1K
Market Conditions
NOI Build-Up for 2,214 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $21,968 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$532.4K
$465.9K – $621.2K
NOI $37,270 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with separate utilities, off-street parking, and private outdoor space.
Where is this duplex located?
The property is located at 55 S Ogden Street 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 1,107‑square‑foot units, each with 3 bedrooms and 1 full bathroom; 2,214 square feet on a 0.109‑acre lot; Brick front with maintenance‑free vinyl siding
