Two-Unit Duplex with Enclosed
For Sale
$199,000
73 Wecker Street, Buffalo, NY 14215
Two distinct kitchens and a full basement provide functional space across this residential income property.
Property Size1,659 SF
Price / SF$119.95
Days on Market9
Property Features for 73 Wecker Street
General Information
Standard status
Active
Size
1,659 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,134
Building Details
Building Size
1,659 SF
Year Built
1915
Listing Agency:
Good Carbon Community LLC
Listed By:
Patrick Hannon · License #10401347579
(716) 444-1327
Source:
Highfallssir
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 2:12AM
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 Good Carbon Community LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 1,659 square feet and includes two separate kitchens, living areas, neutral finishes, and a mix of wood-look flooring and carpeting. Additional features include a tiled bathroom, an enclosed front porch, and a full basement. The property was built in 1915.
The home is on Wecker Street near Bailey Avenue and East Delavan Avenue, with neighborhood shopping and public transportation accessible nearby.
The home is on Wecker Street near Bailey Avenue and East Delavan Avenue, with neighborhood shopping and public transportation accessible nearby.
Key Highlights
- Two‑unit residential property
- Approximately 1,659 square feet with two distinct kitchens
- Full basement and enclosed front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,461
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,220
$329.2K
Cap Rate 7%
$235,157
$235.2K
Cap Rate 9%
$182,900
$182.9K
Market Conditions
NOI Build-Up for 1,659 SF
Gross rent
$24.9K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$23.5K $14.17/SF
− OpEx
−$7.1K −$4.25/SF
NOI
$16.5K $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%
$329,220
Cap Rate 7%
$235,157
Cap Rate 9%
$182,900
Alternative Uses
Best Use
Multifamily LT 5
$235.2K
$205.8K – $274.4K
NOI $16,461 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$216.6K
$189.5K – $252.7K
NOI $15,162 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$399.0K
$349.1K – $465.5K
NOI $27,927 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct kitchens and a full basement provide functional space across this residential income property.
Where is this duplex located?
The property is located at 73 Wecker Street Buffalo, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit residential property; Approximately 1,659 square feet with two distinct kitchens; Full basement and enclosed front porch
