Updated
80 Meadow Place, Buffalo, NY 14225
For Sale
$319,000
Three apartments offer separate HVAC systems, basement laundry hookups, off-street parking, and a private yard.
Property Size2,385 SF
Price / SF$133.75
Days on Market82
Property Features for 80 Meadow Place
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
private yard
laundry hook ups
individual HVAC
Fence
Private Yard
See Remarks
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Matthew J Paul · License NY #10301219040
(716) 908-5033
Source:
Chautauqualakehomesforsale
Added: Aug 21
Changed: Nov 9
Last Checked: Nov 9 at 8:53AM
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
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Investment Insights
Based on property information with market context.
This 2,385-square-foot triplex, built in 1930, contains three apartments: one with a bedroom and two with two bedrooms each. Each unit has its own HVAC system. Basement laundry hookups, off-street parking, and a private yard round out the property’s features.
The property is minutes from Buffalo Niagara International Airport and the NYS Thruway, with shopping, restaurants, entertainment, and everyday amenities also nearby.
The property is minutes from Buffalo Niagara International Airport and the NYS Thruway, with shopping, restaurants, entertainment, and everyday amenities also nearby.
Key Highlights
- Three apartments: one 1‑bedroom unit and two 2‑bedroom units
- 2,385 square feet; built in 1930
- Independent HVAC system in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,665
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,300
$473.3K
Cap Rate 7%
$338,071
$338.1K
Cap Rate 9%
$262,944
$262.9K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$35.8K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$33.8K $14.17/SF
− OpEx
−$10.1K −$4.25/SF
NOI
$23.7K $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%
$473,300
Cap Rate 7%
$338,071
Cap Rate 9%
$262,944
Alternative Uses
Best Use
Multifamily LT 5
$338.1K
$295.8K – $394.4K
NOI $23,665 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$311.4K
$272.5K – $363.3K
NOI $21,797 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$573.5K
$501.9K – $669.1K
NOI $40,148 @ 7.0% cap · market cap 12.59%
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Buffalo, NY
Properties on Market for Triplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer separate HVAC systems, basement laundry hookups, off-street parking, and a private yard.
Where is this triplex located?
The property is located at 80 Meadow Place Buffalo, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom unit and two 2‑bedroom units; 2,385 square feet; built in 1930; Independent HVAC system in each apartment
