Three-Unit Multifamily
New
For Sale
$269,000
87 Victory Avenue, Lackawanna, NY 14218
The property offers three residential units and nearby access to shopping, dining, and major roadways.
Property Size2,678 SF
Price / SF$100.45
Days on Market7
Property Features for 87 Victory Avenue
General Information
Standard status
Active
Size
2,678 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,498
Building Details
Building Size
2,678 SF
Year Built
1880
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Lidia Egleston · License #10401345761
(716) 207-6976
Source:
Highfallssir
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 12:07AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
This multifamily property contains three units across 2,678 square feet. Built in 1880, it provides a multi-unit residential configuration with rental-income potential.
Shopping, restaurants, and major roadways are nearby. The location also has a Bike Score of 60, a Walk Score of 73, and a Transit Score of 30.
Shopping, restaurants, and major roadways are nearby. The location also has a Bike Score of 60, a Walk Score of 73, and a Transit Score of 30.
Key Highlights
- Three‑unit multifamily property
- 2,678 square feet of building area
- 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.
How Realmo checks its estimates
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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
Check the figures for this property
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 - The property offers three residential units and nearby access to shopping, dining, and major roadways.
Where is this triplex located?
The property is located at 87 Victory Avenue Lackawanna, 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; 2,678 square feet of building area; Built in 1880
