Well-Maintained Duplex with Bonus
For Sale
$289,900
72 Nicholson St, Buffalo, NY 14214
Two-unit property with spacious layouts, hardwood floors, included appliances, and a full basement.
Property Size2,415 SF
Price / SF$120.04
Days on Market56
Property Features for 72 Nicholson St
General Information
Standard status
Active
Size
2,415 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1958
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Thejoshjamesteam
Added: Aug 21
Changed: Sep 13
Last Checked: Oct 7 at 4:40PM
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 WNYbyOwner.com
Investment Insights
Based on property information with market context.
This 2,415-square-foot duplex contains two separate residential units with practical, generously sized layouts. The lower apartment includes three bedrooms and one full bath, while the upper apartment offers two bedrooms and a large bonus room. Both units feature eat-in kitchens, oversized living rooms, and hardwood flooring across most of the interior. Fresh paint provides a clean starting point for occupancy.
A full basement adds storage capacity and includes an additional toilet. Appliances are included, and the hot water tanks are less than three years old. The property sits on a quiet dead-end street near the University at Buffalo and everyday conveniences, supporting either an owner-occupant arrangement or continued rental use.
A full basement adds storage capacity and includes an additional toilet. Appliances are included, and the hot water tanks are less than three years old. The property sits on a quiet dead-end street near the University at Buffalo and everyday conveniences, supporting either an owner-occupant arrangement or continued rental use.
Key Highlights
- 2415 SF duplex with two residential units
- Lower unit includes 3 bedrooms and 1 full bath
- Upper unit offers 2 bedrooms plus a large bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,963
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,260
$479.3K
Cap Rate 7%
$342,329
$342.3K
Cap Rate 9%
$266,256
$266.3K
Market Conditions
NOI Build-Up for 2,415 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.2K $14.17/SF
− OpEx
−$10.3K −$4.25/SF
NOI
$24.0K $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%
$479,260
Cap Rate 7%
$342,329
Cap Rate 9%
$266,256
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$315.3K
$275.9K – $367.9K
NOI $22,072 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$580.8K
$508.2K – $677.6K
NOI $40,653 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
704
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-unit property with spacious layouts, hardwood floors, included appliances, and a full basement.
Where is this duplex located?
The property is located at 72 Nicholson St Buffalo, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2415 SF duplex with two residential units; Lower unit includes 3 bedrooms and 1 full bath; Upper unit offers 2 bedrooms plus a large bonus room
