Refreshed Two-Unit
New
For Sale
$169,999
70 Wick Street, Buffalo, NY 14212
Residential, Buffalo, NY
Property Size1,704 SF
Lot Size0.07 Acres
Price / SF$99.76
Days on Market1
Property Features for 70 Wick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Parking features
Driveway
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
use gps
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-112-240-0001-006-000
Size
1,704 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
957
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1918
Floors in Building
1
Number of units
2
Flooring type
Varies, Vinyl, Carpet
Building materials
Cedar, WoodSiding
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Alexander Torres · License #10401390812
(716) 725-1403
Added: Sep 2
Last Checked: Sep 2 at 10:06PM
MLS# B1711746
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This refreshed duplex at 70 Wick Street contains two residential units with a combined six bedrooms and three full bathrooms. The 1,704-square-foot layout includes living areas across both units and may also accommodate use as a spacious single-family home. Cedar and wood siding, varied flooring with vinyl and carpet, and a natural-gas forced-air heating system are among the property’s existing features.
Built in 1918, the home occupies a 0.0716-acre lot in Buffalo, NY. Public water serves the property, while driveway parking provides on-site vehicle access. The configuration offers a defined two-unit arrangement with the flexibility described for broader residential use.
Built in 1918, the home occupies a 0.0716-acre lot in Buffalo, NY. Public water serves the property, while driveway parking provides on-site vehicle access. The configuration offers a defined two-unit arrangement with the flexibility described for broader residential use.
Key Highlights
- Two‑unit duplex with six bedrooms and three full bathrooms
- 1,704 square feet on a 0.0716‑acre lot
- Refreshed interior with living areas across both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$311,460
$311.5K
Cap Rate 7%
$222,471
$222.5K
Cap Rate 9%
$173,033
$173.0K
Market Conditions
NOI Build-Up for 1,704 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.6K $17.40/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$28.3K $16.62/SF
− OpEx
−$12.7K −$7.48/SF
NOI
$15.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$311,460
Cap Rate 7%
$222,471
Cap Rate 9%
$173,033
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.4K – $281.8K
NOI $16,908 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.6K
NOI $15,573 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$409.8K
$358.6K – $478.1K
NOI $28,684 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 14212, NY
13,533
Population
5,935
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
2.1 sq mi
ZIP Area
6,444
Density / Sq Mi
$35,517
Median Household Income
$26,545
Median Earnings
$829
Median Rent
$89,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors provide comfortable living areas within a flexible residential layout.
Where is this duplex located?
The property is located at 70 Wick Street Buffalo, NY.
What is the asking price?
The asking price for this property is $169,999.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and three full bathrooms; 1,704 square feet on a 0.0716‑acre lot; Refreshed interior with living areas across both units
