Brick Duplex with Two
For Sale
$869,900
Pending
739 Lafayette Avenue, Buffalo, NY 14222
Two distinct residences combine updated kitchens, private outdoor areas, and preserved architectural details.
Property Size3,638 SF
Days on Market51
Property Features for 739 Lafayette Avenue
General Information
Standard status
Pending
Size
3,638 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Elmwood Bidwell
Building Details
Year Built
1900
Listing Agency:
Prestige Family Realty
Listed By:
Jill Welfare · License #10491210519
(716) 425-4217
Source:
Prestigefamilyrealty
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 2:56PM
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 Prestige Family Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this brick duplex contains a first-floor apartment of 1,800+ sq ft and a two-story owner’s residence of 3,400+ sq ft. The apartment has two bedrooms, 1.5 baths, central A/C, a front porch, and a rear Trex deck. The upper residence includes 2.5 baths, a private front porch, and a primary suite with a sunroom and sitting room. Both units feature updated kitchens; the upper kitchen has custom cherry cabinetry and stainless-steel appliances.
Oak floors, natural woodwork, leaded and stained-glass windows, pocket doors, and three gas fireplaces contribute to the home’s period character. A two-car garage, fenced yard, rear patio, and basement billiard room add further usable space. The boiler was installed in 2024, and HVAC systems were updated in 2022. The property is at 739 Lafayette Avenue in Buffalo, New York.
Oak floors, natural woodwork, leaded and stained-glass windows, pocket doors, and three gas fireplaces contribute to the home’s period character. A two-car garage, fenced yard, rear patio, and basement billiard room add further usable space. The boiler was installed in 2024, and HVAC systems were updated in 2022. The property is at 739 Lafayette Avenue in Buffalo, New York.
Key Highlights
- Two residences: first‑floor apartment of 1,800+ sq ft and two‑story owner’s residence of 3,400+ sq ft
- First‑floor unit has 2 bedrooms, 1.5 baths, central A/C, front porch, and rear Trex deck
- Owner’s residence features 2.5 baths and a primary suite with sunroom and sitting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,098
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,960
$722.0K
Cap Rate 7%
$515,686
$515.7K
Cap Rate 9%
$401,089
$401.1K
Market Conditions
NOI Build-Up for 3,638 SF
Gross rent
$54.6K $15.00/SF
− Vacancy
−$3.0K −$0.83/SF
EGI
$51.6K $14.17/SF
− OpEx
−$15.5K −$4.25/SF
NOI
$36.1K $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%
$721,960
Cap Rate 7%
$515,686
Cap Rate 9%
$401,089
Alternative Uses
Best Use
Multifamily LT 5
$515.7K
$451.2K – $601.6K
NOI $36,098 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$475.0K
$415.6K – $554.2K
NOI $33,249 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$874.9K
$765.5K – $1.02M
NOI $61,241 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
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Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
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 distinct residences combine updated kitchens, private outdoor areas, and preserved architectural details.
Where is this duplex located?
The property is located at 739 Lafayette Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Two residences: first‑floor apartment of 1,800+ sq ft and two‑story owner’s residence of 3,400+ sq ft; First‑floor unit has 2 bedrooms, 1.5 baths, central A/C, front porch, and rear Trex deck; Owner’s residence features 2.5 baths and a primary suite with sunroom and sitting room
