Three-Unit
New
For Sale
$269,000
87 Victory Avenue, Buffalo, NY 14218
Residential, Buffalo, NY
Property Size2,678 SF
Lot Size0.07 Acres
Price / SF$100.45
Days on Market2
Property Features for 87 Victory Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 7, Basement, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 5
Parking features
On Street
Interior features
CeilingFans
Exterior features
Fence
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Buffalo Crk Reservation
Lot features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Lackawanna
Middle school district
Lackawanna
High school district
Lackawanna
Directions
South Park to Ridge to Victory
Standard status
Active
APN
140900-142-460-0005-012-000
Size
2,678 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6498
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Carpet, Varies
Building materials
AluminumSiding
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Lidia Egleston · License #10401345761
(716) 207-6976
Added: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# B1721260
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.
Investment Insights
Based on property information with market context.
This Buffalo triplex contains three residential units within 2,678 square feet. Room records identify eight bedrooms and four bathrooms across the property. The building dates to 1880 and has aluminum siding, varied flooring that includes vinyl and carpet, ceiling fans, and forced-air natural gas heat. A gas water heater and public water service are also noted.
The 0.0693-acre property has a fenced exterior, with parking available on the street. It is near Our Lady of Victory National Shrine & Basilica and the Buffalo and Erie County Botanical Gardens.
The 0.0693-acre property has a fenced exterior, with parking available on the street. It is near Our Lady of Victory National Shrine & Basilica and the Buffalo and Erie County Botanical Gardens.
Key Highlights
- Three‑unit multifamily property with 2,678 square feet
- Room records list 8 bedrooms and 4 bathrooms
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,475
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,500
$489.5K
Cap Rate 7%
$349,643
$349.6K
Cap Rate 9%
$271,944
$271.9K
Market Conditions
NOI Build-Up for 2,678 SF
Gross rent
$46.6K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$44.5K $16.62/SF
− OpEx
−$20.0K −$7.48/SF
NOI
$24.5K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,500
Cap Rate 7%
$349,643
Cap Rate 9%
$271,944
Alternative Uses
Best Use
Multifamily LT 5
$379.6K
$332.2K – $442.9K
NOI $26,572 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$349.6K
$305.9K – $407.9K
NOI $24,475 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,080 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences with a fenced exterior and on-street parking provide a multi-unit residential configuration in Buffalo.
Where is this triplex located?
The property is located at 87 Victory Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,678 square feet; Room records list 8 bedrooms and 4 bathrooms; Built in 1880
