Renovated Duplex with Park
For Sale
$225,000
70 Vulcan Street, Buffalo, NY 14207
Two separate apartments include a three-bedroom lower unit and a two-bedroom upper unit with walk-up attic access.
Property Size1,958 SF
Price / SF$114.91
Days on Market22
Property Features for 70 Vulcan Street
General Information
Standard status
Active
Size
1,958 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Riverside
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,865
Amenities
Fence
Building Details
Building Size
1,958 SF
Year Built
1870
Stories
2
Units
2
Listing Agency:
Rondinelli Real Estate
(716) 681-1926
Listed By:
Muazim Hussain · License #10401334626
(929) 330-5764
Source:
Cowanesquelakerealty
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 26 at 3:36AM
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 Rondinelli Real Estate
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Investment Insights
Based on property information with market context.
This 1,958-square-foot duplex at 70 Vulcan Street contains two apartments. The lower unit has three bedrooms, a living room, and a formal dining room; the upper unit has two bedrooms and access to a walk-up attic. Renovations include a tear-off roof, electrical and HVAC updates, a new main sewer line, and additional work throughout. Park views are visible from the front porch.
Built in 1870, the property is in Buffalo’s Riverside neighborhood and the Ken-Ton School District. Shopping, dining, and major roadways are nearby. Conversion to a single-family home may be possible subject to approvals.
Built in 1870, the property is in Buffalo’s Riverside neighborhood and the Ken-Ton School District. Shopping, dining, and major roadways are nearby. Conversion to a single-family home may be possible subject to approvals.
Key Highlights
- Two‑unit duplex with 1,958 square feet
- Lower apartment has 3 bedrooms, a living room, and formal dining room
- Upper apartment includes 2 bedrooms and walk‑up attic access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,428
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,560
$388.6K
Cap Rate 7%
$277,543
$277.5K
Cap Rate 9%
$215,867
$215.9K
Market Conditions
NOI Build-Up for 1,958 SF
Gross rent
$29.4K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$27.8K $14.17/SF
− OpEx
−$8.3K −$4.25/SF
NOI
$19.4K $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%
$388,560
Cap Rate 7%
$277,543
Cap Rate 9%
$215,867
Alternative Uses
Best Use
Multifamily LT 5
$277.5K
$242.9K – $323.8K
NOI $19,428 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$255.6K
$223.7K – $298.3K
NOI $17,895 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$470.9K
$412.0K – $549.3K
NOI $32,960 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include a three-bedroom lower unit and a two-bedroom upper unit with walk-up attic access.
Where is this duplex located?
The property is located at 70 Vulcan Street Buffalo, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,958 square feet; Lower apartment has 3 bedrooms, a living room, and formal dining room; Upper apartment includes 2 bedrooms and walk‑up attic access
