Three-Bedroom Duplex with Outdoor
For Sale
$249,900
799 Center Road, West Seneca, NY 14224
Two residential units feature eat-in kitchens, private exterior areas, and distinct laundry accommodations.
Property Size2,248 SF
Days on Market12
Property Features for 799 Center Road
General Information
Standard status
Active
Size
2,248 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,138
Amenities
front porch
balcony
basement washer/dryer hook-ups
in-unit laundry
Building Details
Building Size
2,248 SF
Year Built
1910
Buildings
1
Listing Agency:
Keller Williams Realty WNY
(716) 771-9300
Listed By:
Brennan Macey · License #10401353748
(716) 771-9300
Source:
Highfallssir
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 24 at 2:25PM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two residential units with matching three-bedroom layouts. Each unit includes a living room and an eat-in kitchen, providing a consistent floor plan across the property. The lower residence has a front porch, while the upper residence includes a corresponding balcony. Laundry infrastructure includes washer and dryer hookups in the basement, with in-unit laundry in the upper residence.
The property occupies a corner lot at 799 Center Road in West Seneca, near the Union and Center Road area. Cazenovia Creek and the Charles E. Burchfield Nature & Arts Center are also located nearby. The combination of two three-bedroom units, separate outdoor areas, and differing laundry setups supports both rental and owner-occupancy use.
The property occupies a corner lot at 799 Center Road in West Seneca, near the Union and Center Road area. Cazenovia Creek and the Charles E. Burchfield Nature & Arts Center are also located nearby. The combination of two three-bedroom units, separate outdoor areas, and differing laundry setups supports both rental and owner-occupancy use.
Key Highlights
- Two‑unit duplex with 3 bedrooms in each residence
- Built in 1910 on a spacious corner lot
- Lower unit includes a front porch; upper unit has a matching balcony
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
$22,306
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
8.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature eat-in kitchens, private exterior areas, and distinct laundry accommodations.
Where is this duplex located?
The property is located at 799 Center Road West Seneca, 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‑unit duplex with 3 bedrooms in each residence; Built in 1910 on a spacious corner lot; Lower unit includes a front porch; upper unit has a matching balcony
