Renovated 2-Unit
79 Florida Street, Buffalo, NY 14208
For Sale
New
$249,900
Two separate gas and electric meters support independent utility billing for the upper and lower residences.
Property Size2,248 SF
Days on Market4
Property Features for 79 Florida Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty
Listed By:
Marshall Brady · License NY #10401397018
(716) 244-3708
Source:
Highfallssir
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:48PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Buffalo duplex contains two vertically arranged residences, each with three bedrooms and one bathroom. Updates made after 2024 include renovated kitchens and baths, refinished original flooring alongside new floors, mostly replaced drywall, and refreshed lighting. Building work also includes a new asphalt roof, a rebuilt dormer, skylights, siding, and double-hung windows. Electrical service was updated with circuit breakers, and PEX plumbing and a water filtration system were installed.
Each residence has a separate entrance, and gas and electric service are separately metered. The full basement includes a drainage channel and floor drain. Appliances convey, including washers, dryers, refrigerators, dishwashers, and ranges; additional laundry appliances and a range are located in the basement. Off-street parking is available at the rear.
Each residence has a separate entrance, and gas and electric service are separately metered. The full basement includes a drainage channel and floor drain. Appliances convey, including washers, dryers, refrigerators, dishwashers, and ranges; additional laundry appliances and a range are located in the basement. Off-street parking is available at the rear.
Key Highlights
- Two units, each configured with 3 bedrooms and 1 bathroom
- New asphalt roof, rebuilt dormer, and skylights
- Separate gas and electric meters, with separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,306
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,120
$446.1K
Cap Rate 7%
$318,657
$318.7K
Cap Rate 9%
$247,844
$247.8K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$33.7K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$31.9K $14.17/SF
− OpEx
−$9.6K −$4.25/SF
NOI
$22.3K $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 Rate 5%
$446,120
Cap Rate 7%
$318,657
Cap Rate 9%
$247,844
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.8K – $371.8K
NOI $22,306 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$293.5K
$256.8K – $342.4K
NOI $20,545 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$540.6K
$473.0K – $630.7K
NOI $37,842 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 14208, NY
12,088
Population
5,884
Households
2.1
Avg Household Size
33
Median Age
23%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
10,073
Density / Sq Mi
$46,940
Median Household Income
$23,804
Median Earnings
$932
Median Rent
$118,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Buffalo, NY
Properties on Market for Duplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate gas and electric meters support independent utility billing for the upper and lower residences.
Where is this duplex located?
The property is located at 79 Florida Street Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two units, each configured with 3 bedrooms and 1 bathroom; New asphalt roof, rebuilt dormer, and skylights; Separate gas and electric meters, with separate entrances
