Renovated Front-Back
For Sale
$199,900
Pending
76 Bush Street, Buffalo, NY 14207
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,846 SF
Lot Size0.06 Acres
Days on Market32
Property Features for 76 Bush Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking features
On Street
Window features
Drapes
Patio and Porch features
Patio, Porch
Interior features
WindowTreatments
Exterior features
Fence, Patio
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Parish
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Find 76 Bush St via Amherst St from Elmwood Ave or Grant St/Military Rd.
Standard status
Pending
APN
140200-088-280-0001-021-000
Size
1,846 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1580
Utilities
Heating system
Forced Air, Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Amenities
covered front porch
laundry room
fully fenced and landscaped backyard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Varies
Building materials
AtticCrawlHatchwaysInsulated, SprayFoamInsulation, VinylSiding, CopperPlumbing
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Maywalt Realty Group
(716) 874-4000
Listed By:
Michael F Maywalt Sr. Sr. · License #37MA1173652
(716) 863-1756
Added: Jul 14
Changed: Aug 1
Last Checked: Aug 14 at 3:06PM
MLS# B1698649
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated front-back duplex at 76 Bush Street in Buffalo offers two fully updated apartments. The 2-story front house features a spacious eat-in kitchen with granite countertops, custom cabinetry, and stainless-steel finishes, including a Samsung stove, refrigerator, XO range hood, and Kraus sink. A laundry room is conveniently located off the kitchen for easy setup with a stackable laundry tower. The front bath includes a ceramic shower and an attractive vanity with a stone countertop. Heating includes an updated boiler with baseboard heating throughout and dual-zone control via dedicated thermostats for the first and second floors.
The rear of the property includes a comfortable 630 sq. ft. one-bedroom apartment with a separate entrance. The oversized bedroom includes a large walk-in closet, and the unit is currently month-to-month tenant occupied. The rear apartment has its own updated kitchen and an updated bathroom, along with an updated FHA furnace.
Renovations and improvements include 100% new flooring (wall-to-wall carpeting and vinyl plank), new vinyl replacement windows, a newer total tear-off roof, and rent-maintenance-free vinyl siding. The crawlspace has a professionally installed vapor barrier and spray-on insulation. Additional features include a covered front porch, patio, and a fully fenced and landscaped backyard. The property was built in 1900 and sits on a 0.0597-acre lot with public water service.
Open House this Sunday, July 19th from 1:00pm to 3:00pm.
The rear of the property includes a comfortable 630 sq. ft. one-bedroom apartment with a separate entrance. The oversized bedroom includes a large walk-in closet, and the unit is currently month-to-month tenant occupied. The rear apartment has its own updated kitchen and an updated bathroom, along with an updated FHA furnace.
Renovations and improvements include 100% new flooring (wall-to-wall carpeting and vinyl plank), new vinyl replacement windows, a newer total tear-off roof, and rent-maintenance-free vinyl siding. The crawlspace has a professionally installed vapor barrier and spray-on insulation. Additional features include a covered front porch, patio, and a fully fenced and landscaped backyard. The property was built in 1900 and sits on a 0.0597-acre lot with public water service.
Open House this Sunday, July 19th from 1:00pm to 3:00pm.
Key Highlights
- Renovated front‑back duplex with two fully updated apartments
- 2‑story front house with eat‑in kitchen: granite countertops, custom cabinetry, stainless finishes (Samsung stove/refrigerator, XO range hood, Kraus sink)
- Rear one‑bedroom apartment with separate entrance, 630 sq. ft., oversized bedroom and large walk‑in closet; month‑to‑month tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,340
$366.3K
Cap Rate 7%
$261,671
$261.7K
Cap Rate 9%
$203,522
$203.5K
Market Conditions
NOI Build-Up for 1,846 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.7K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$26.2K $14.17/SF
− OpEx
−$7.9K −$4.25/SF
NOI
$18.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,340
Cap Rate 7%
$261,671
Cap Rate 9%
$203,522
Alternative Uses
Best Use
Multifamily LT 5
$261.7K
$229.0K – $305.3K
NOI $18,317 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$241.0K
$210.9K – $281.2K
NOI $16,871 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,075 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated front-back duplex with two fully updated apartments, including a 2-story front home and a separate-entry rear one-bedroom.
Where is this duplex located?
The property is located at 76 Bush Street Buffalo, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Renovated front‑back duplex with two fully updated apartments; 2‑story front house with eat‑in kitchen: granite countertops, custom cabinetry, stainless finishes (Samsung stove/refrigerator, XO range hood, Kraus sink); Rear one‑bedroom apartment with separate entrance, 630 sq. ft., oversized bedroom and large walk‑in closet; month‑to‑month tenant occupied
