Duplex with One-Car
For Sale
$179,900
81 Weyand Avenue, Buffalo, NY 14210
The upper apartment includes a bonus room and a tenant interested in remaining in place.
Property Size1,632 SF
Days on Market11
Property Features for 81 Weyand Avenue
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Seneca-Cazenovia
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,562
Building Details
Building Size
1,632 SF
Year Built
1920
Buildings
1
Listing Agency:
MJ Peterson Real Estate Inc.
Listed By:
Frank E Sandor · License #10401204018
(716) 863-0369
Source:
Highfallssir
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 28 at 1:29PM
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 MJ Peterson Real Estate Inc.
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex includes off-street parking and a one-car garage. The upper apartment has an extra room, and its current long-term tenant would like to continue occupancy. Electrical service was updated in 2019; the roof was replaced in 2018, and some windows have been changed over time.
The property is in the Seneca Street revitalization area, near shops, dining, and entertainment.
The property is in the Seneca Street revitalization area, near shops, dining, and entertainment.
Key Highlights
- One‑car garage and off‑street parking
- Upper unit has an additional bonus room
- Long‑term upper‑unit tenant would like to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,194
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,880
$323.9K
Cap Rate 7%
$231,343
$231.3K
Cap Rate 9%
$179,933
$179.9K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$24.5K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$23.1K $14.17/SF
− OpEx
−$6.9K −$4.25/SF
NOI
$16.2K $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%
$323,880
Cap Rate 7%
$231,343
Cap Rate 9%
$179,933
Alternative Uses
Best Use
Multifamily LT 5
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,472 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
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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 - The upper apartment includes a bonus room and a tenant interested in remaining in place.
Where is this duplex located?
The property is located at 81 Weyand Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: One‑car garage and off‑street parking; Upper unit has an additional bonus room; Long‑term upper‑unit tenant would like to stay
