Two-Unit
For Sale
$109,900
64 Reservation Street, Buffalo, NY 14207
Occupied residential income property with two separately configured apartments and established tenancy.
Property Size1,024 SF
Days on Market50
Property Features for 64 Reservation Street
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,092
Building Details
Building Size
1,024 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Pioneer Star Real Estate Inc.
Listed By:
Sugath S Liyanage · License #10301217718
(716) 348-8953
Source:
Highfallssir
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 19 at 5:19PM
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 Pioneer Star Real Estate Inc.
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Investment Insights
Based on property information with market context.
Constructed in 1920, this duplex contains two independent apartments, each arranged with two bedrooms and one full bathroom. Both residences are occupied by long-term tenants who have indicated interest in continuing their tenancies, supporting ongoing residential rental use.
The property is located in Buffalo, with access to shopping, public transportation, and major routes. Its two-unit configuration provides a straightforward addition to a multifamily portfolio or an owner’s first residential income property.
The property is located in Buffalo, with access to shopping, public transportation, and major routes. Its two-unit configuration provides a straightforward addition to a multifamily portfolio or an owner’s first residential income property.
Key Highlights
- Two independent apartments within one duplex property
- Each apartment includes 2 bedrooms and 1 full bath
- Both units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,359
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,180
$187.2K
Cap Rate 7%
$133,700
$133.7K
Cap Rate 9%
$103,989
$104.0K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$17.8K $17.40/SF
− Vacancy
−$802 −$0.78/SF
EGI
$17.0K $16.62/SF
− OpEx
−$7.7K −$7.48/SF
NOI
$9.4K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,180
Cap Rate 7%
$133,700
Cap Rate 9%
$103,989
Alternative Uses
Best Use
Multifamily LT 5
$145.2K
$127.0K – $169.4K
NOI $10,161 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$133.7K
$117.0K – $156.0K
NOI $9,359 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$246.3K
$215.5K – $287.3K
NOI $17,238 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
975
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 - Occupied residential income property with two separately configured apartments and established tenancy.
Where is this duplex located?
The property is located at 64 Reservation Street Buffalo, NY.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Two independent apartments within one duplex property; Each apartment includes 2 bedrooms and 1 full bath; Both units are occupied by long‑term tenants
