Triplex with
New
For Sale
$349,900
639 East Utica Street S, Buffalo, NY 14211
The upper apartment is occupied, and the lower unit is ready for occupancy.
Property Size2,464 SF
Days on Market7
Property Features for 639 East Utica Street S
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,382
Amenities
covered front porch
patio
Building Details
Building Size
2,464 SF
Year Built
1900
Listing Agency:
Keller Williams Realty WNY
Listed By:
Md Kashem Hossain · License #10401392046
(347) 573-6358
Source:
Highfallssir
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 8:51PM
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
Investment Insights
Based on property information with market context.
Built in 1900, this triplex has apartments on the upper and lower floors, plus a third-floor unit with a full kitchen, bathroom, and two bedrooms. The upper apartment is tenant occupied; the lower unit features fresh paint and refinished hardwood floors. Natural woodwork and original doors add character throughout the building.
A covered front porch, small backyard patio, long concrete driveway, and two-car garage are also part of the property. The roof and hot water tanks were installed 2–3 years ago.
A covered front porch, small backyard patio, long concrete driveway, and two-car garage are also part of the property. The roof and hot water tanks were installed 2–3 years ago.
Key Highlights
- Three apartments, including a third‑floor unit with a full kitchen, bathroom, and two bedrooms
- Upper apartment is tenant occupied; lower unit is ready for occupancy
- Two‑car garage and long concrete driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,449
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,980
$489.0K
Cap Rate 7%
$349,271
$349.3K
Cap Rate 9%
$271,656
$271.7K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$37.0K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.9K $14.17/SF
− OpEx
−$10.5K −$4.25/SF
NOI
$24.4K $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%
$488,980
Cap Rate 7%
$349,271
Cap Rate 9%
$271,656
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,519 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$592.5K
$518.5K – $691.3K
NOI $41,478 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
580
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
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Frequently Asked Questions
What type of property is this?
Triplex - The upper apartment is occupied, and the lower unit is ready for occupancy.
Where is this triplex located?
The property is located at 639 East Utica Street S Buffalo, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three apartments, including a third‑floor unit with a full kitchen, bathroom, and two bedrooms; Upper apartment is tenant occupied; lower unit is ready for occupancy; Two‑car garage and long concrete driveway
