Updated Duplex with Two
For Sale
$199,000
57 Floss Avenue, Buffalo, NY 14211
Each residence includes two bedrooms, one full bathroom, a kitchen, living space, and comfortable bedroom areas.
Property Size1,791 SF
Days on Market124
Property Features for 57 Floss Avenue
General Information
Standard status
Active
Size
1,791 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,055
Building Details
Building Size
1,791 SF
Year Built
1923
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Shirajum Monira · License #10401363530
(929) 326-4912
Source:
Highfallssir
Added: Jun 17
Changed: Oct 14
Last Checked: Oct 16 at 3:21PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,791 square feet and was built in 1923. The lower and upper residences each provide two bedrooms and one full bathroom, along with separate kitchens, living areas, and updated bath finishes. Recent improvements include replacement drywall, windows, and flooring, supporting immediate occupancy without identified near-term work.
Located at 57 Floss Ave in Buffalo, the property is positioned near local amenities, shopping, and transportation. The two-unit layout supports separate residential use, with the physical configuration allowing occupancy of one unit while the other is rented, or rental use across both residences.
Located at 57 Floss Ave in Buffalo, the property is positioned near local amenities, shopping, and transportation. The two-unit layout supports separate residential use, with the physical configuration allowing occupancy of one unit while the other is rented, or rental use across both residences.
Key Highlights
- Two‑unit property with 2 bedrooms and 1 full bathroom in each residence
- 1,791 square feet on two residential levels
- Recent updates include drywall, windows, flooring, and bathroom improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,771
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,420
$355.4K
Cap Rate 7%
$253,871
$253.9K
Cap Rate 9%
$197,456
$197.5K
Market Conditions
NOI Build-Up for 1,791 SF
Gross rent
$26.9K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.4K $14.17/SF
− OpEx
−$7.6K −$4.25/SF
NOI
$17.8K $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%
$355,420
Cap Rate 7%
$253,871
Cap Rate 9%
$197,456
Alternative Uses
Best Use
Multifamily LT 5
$253.9K
$222.1K – $296.2K
NOI $17,771 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$233.8K
$204.6K – $272.8K
NOI $16,369 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$430.7K
$376.9K – $502.5K
NOI $30,149 @ 7.0% cap · market cap 15.15%
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
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
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 - Each residence includes two bedrooms, one full bathroom, a kitchen, living space, and comfortable bedroom areas.
Where is this duplex located?
The property is located at 57 Floss Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit property with 2 bedrooms and 1 full bathroom in each residence; 1,791 square feet on two residential levels; Recent updates include drywall, windows, flooring, and bathroom improvements
