Duplex with Covered
New
For Sale
$272,500
66 Vernon Place, Buffalo, NY 14214
Two three-bedroom units are served by separate gas and electric meters and individual furnaces.
Property Size2,276 SF
Price / SF$123.86
Days on Market5
Property Features for 66 Vernon Place
General Information
Standard status
Active
Size
2,276 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,318
Amenities
covered front porch
Building Details
Building Size
2,276 SF
Year Built
1920
Buildings
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Walter Mysiak · License #10401360851
(716) 807-7677
Source:
Highfallssir
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:31AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
Built in 1920, this two-unit duplex contains more than 2,200 square feet, with three bedrooms and one full bathroom in each residence. Hardwood floors and traditional woodwork remain among the interior finishes. A covered front porch, full basement, and attic provide additional areas within the property, while a two-car garage offers parking and storage. Recent work includes a tear-off roof approximately 1.5 years ago, bathroom updates, newer kitchen and bathroom windows, glass-block basement windows, two newer hot water tanks, and electrical improvements.
The property is in North Buffalo/Parkside, with access to Hertel Avenue, Delaware Avenue, nearby parks, local shops and restaurants, and Downtown Buffalo. Separate gas and electric meters and two furnaces support the property's two-unit configuration.
The property is in North Buffalo/Parkside, with access to Hertel Avenue, Delaware Avenue, nearby parks, local shops and restaurants, and Downtown Buffalo. Separate gas and electric meters and two furnaces support the property's two-unit configuration.
Key Highlights
- Two‑unit duplex with six bedrooms and two full bathrooms
- More than 2,200 square feet; each unit has three bedrooms and one full bathroom
- Two‑car garage, full basement, attic, and covered front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,830
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,600
$436.6K
Cap Rate 7%
$311,857
$311.9K
Cap Rate 9%
$242,556
$242.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.2K $14.17/SF
− OpEx
−$9.4K −$4.25/SF
NOI
$21.8K $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%
$436,600
Cap Rate 7%
$311,857
Cap Rate 9%
$242,556
Alternative Uses
Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.8K
NOI $21,830 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,107 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units are served by separate gas and electric meters and individual furnaces.
Where is this duplex located?
The property is located at 66 Vernon Place Buffalo, NY.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and two full bathrooms; More than 2,200 square feet; each unit has three bedrooms and one full bathroom; Two‑car garage, full basement, attic, and covered front porch
