Duplex with Block
New
For Sale
$475,000
868 Main Street, Buffalo, NY 14202
Residential, Buffalo, NY
Property Size3,007 SF
Lot Size0.11 Acres
Price / SF$157.96
Days on Market2
Property Features for 868 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 4, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Interior features
NaturalWoodwork
Exterior features
Balcony
Fireplace
1
Appliances
GasWaterHeater
Subdivision
City/Buffalo
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Standard status
Active
APN
140200-100-780-0005-015-000
Size
3,007 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4255
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Varies
Building materials
Brick, CopperPlumbing, PexPlumbing
Architectural style
Other
Listing Agency:
Diversity Properties
(716) 601-4134
Listed By:
Michelle Tarbox · License #10301223221
(716) 598-0210
Added: Oct 16
Last Checked: Oct 17 at 11:06AM
MLS# R1722728
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.
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Investment Insights
Based on property information with market context.
Configured as a two-family residence, this 3,007-square-foot brick duplex has separate entrances and a layout with four bedrooms and three bathrooms. Interior details include hardwood flooring, natural woodwork, vaulted ceilings, a winding staircase, and a fireplace. A balcony and two-car block garage are also part of the property.
The 0.1148-acre site includes additional parking spaces and a front concrete pad that was previously used for parking. Improvements completed within the past three years include reconstruction of an exterior wall, replacement of water lines, and repairs to original windows. The building was constructed in 1900 and has public water service.
The 0.1148-acre site includes additional parking spaces and a front concrete pad that was previously used for parking. Improvements completed within the past three years include reconstruction of an exterior wall, replacement of water lines, and repairs to original windows. The building was constructed in 1900 and has public water service.
Key Highlights
- 3,007‑square‑foot brick duplex with four bedrooms and three bathrooms
- Currently configured as a two‑family residence, with separate unit entrances
- Two‑car block garage, additional parking spaces, and a front concrete pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,837
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,740
$596.7K
Cap Rate 7%
$426,243
$426.2K
Cap Rate 9%
$331,522
$331.5K
Market Conditions
NOI Build-Up for 3,007 SF
Gross rent
$45.1K $15.00/SF
− Vacancy
−$2.5K −$0.83/SF
EGI
$42.6K $14.17/SF
− OpEx
−$12.8K −$4.25/SF
NOI
$29.8K $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%
$596,740
Cap Rate 7%
$426,243
Cap Rate 9%
$331,522
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$373.0K – $497.3K
NOI $29,837 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$392.6K
$343.5K – $458.0K
NOI $27,482 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$723.1K
$632.7K – $843.7K
NOI $50,619 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 14202, NY
3,850
Population
2,452
Households
1.6
Avg Household Size
38
Median Age
45%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
4,278
Density / Sq Mi
$47,990
Median Household Income
$36,936
Median Earnings
$709
Median Rent
$495,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate entrances, a two-car garage, and additional parking support the property's two-family configuration.
Where is this duplex located?
The property is located at 868 Main Street Buffalo, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,007‑square‑foot brick duplex with four bedrooms and three bathrooms; Currently configured as a two‑family residence, with separate unit entrances; Two‑car block garage, additional parking spaces, and a front concrete pad
