Updated Duplex with Off-Street
For Sale
$249,999
Pending
74 Ryan Street, Buffalo, NY 14210
Two vacant units feature remodeled interiors, refreshed mechanical systems, and convenient off-street parking.
Property Size2,400 SF
Days on Market82
Property Features for 74 Ryan Street
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,905
Building Details
Building Size
2,400 SF
Year Built
1920
Listing Agency:
Irish Jones Realty
Listed By:
Matthew Irish-Jones · License #10401329866
(716) 245-9469
Source:
Highfallssir
Added: Jul 29
Changed: Oct 17
Last Checked: Oct 16 at 4:07PM
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 Irish Jones Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1920, has undergone extensive interior and exterior updates. Both units are vacant, allowing immediate occupancy or straightforward repositioning. Improvements include remodeled kitchens and bathrooms, open kitchen layouts with butler pantries, tile backsplashes, updated cabinetry and countertops, newer flooring, and numerous replacement windows. The front porch has also been rebuilt, while newer furnaces address a major building-system component.
Off-street parking adds practical convenience for residents or an owner-occupant. The property is situated near shopping, restaurants, and major transportation routes, providing access to everyday services and regional travel connections.
Off-street parking adds practical convenience for residents or an owner-occupant. The property is situated near shopping, restaurants, and major transportation routes, providing access to everyday services and regional travel connections.
Key Highlights
- Duplex built in 1920 with both units currently vacant
- Remodeled kitchens and bathrooms with updated finishes
- Open kitchen layouts include butler pantries, tile backsplashes, cabinetry, and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,934
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,680
$438.7K
Cap Rate 7%
$313,343
$313.3K
Cap Rate 9%
$243,711
$243.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$41.8K $17.40/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$39.9K $16.62/SF
− OpEx
−$17.9K −$7.48/SF
NOI
$21.9K $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%
$438,680
Cap Rate 7%
$313,343
Cap Rate 9%
$243,711
Alternative Uses
Best Use
Multifamily LT 5
$340.2K
$297.7K – $396.9K
NOI $23,814 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$577.2K
$505.0K – $673.4K
NOI $40,401 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 14210, NY
15,480
Population
7,813
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
4,994
Density / Sq Mi
$51,059
Median Household Income
$31,652
Median Earnings
$925
Median Rent
$124,300
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 vacant units feature remodeled interiors, refreshed mechanical systems, and convenient off-street parking.
Where is this duplex located?
The property is located at 74 Ryan Street Buffalo, NY.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Duplex built in 1920 with both units currently vacant; Remodeled kitchens and bathrooms with updated finishes; Open kitchen layouts include butler pantries, tile backsplashes, cabinetry, and countertops
