Two-Unit
For Sale
$265,100
72 Lisbon Ave, Buffalo, NY 14214
Separate utility services support independent operation of the two residences.
Property Size2,609 SF
Price / SF$101.61
Days on Market44
Property Features for 72 Lisbon Ave
General Information
Standard status
Active
Size
2,609 SF
Property subtype
Multi-Unit (2-4)
Site & Location
Neighborhood
University Heights
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1920
Stories
2
Listing Agency:
MOYER AUCTION & ESTATE CO
Listed By:
Randy Moyer
(716) 937-7493
Source:
Gosenproperties
Added: Sep 17
Changed: Oct 28
Last Checked: Oct 28 at 4:11PM
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 MOYER AUCTION & ESTATE CO
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Investment Insights
Based on property information with market context.
This 1920 duplex has vinyl siding and two residences with separate utilities. The first-floor unit contains 1,232 square feet, while the second-floor unit has 1,097 square feet, for 2,329 square feet of total living area. The property is offered in its current, as-is condition.
The property is near UB and Main Street in Buffalo.
The property is near UB and Main Street in Buffalo.
Key Highlights
- 2,329 square feet of living area across two residences
- First‑floor residence: 1,232 square feet; second‑floor residence: 1,097 square feet
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,845
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,900
$476.9K
Cap Rate 7%
$340,643
$340.6K
Cap Rate 9%
$264,944
$264.9K
Market Conditions
NOI Build-Up for 2,609 SF
Gross rent
$45.4K $17.40/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$43.4K $16.62/SF
− OpEx
−$19.5K −$7.48/SF
NOI
$23.8K $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%
$476,900
Cap Rate 7%
$340,643
Cap Rate 9%
$264,944
Alternative Uses
Best Use
Multifamily LT 5
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$340.6K
$298.1K – $397.4K
NOI $23,845 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,919 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility services support independent operation of the two residences.
Where is this duplex located?
The property is located at 72 Lisbon Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $265,100.
What are key features of this property?
This property features: 2,329 square feet of living area across two residences; First‑floor residence: 1,232 square feet; second‑floor residence: 1,097 square feet; Separate utilities for the two residences
