Updated Duplex with Full
New
For Sale
$254,900
96 Rounds Avenue, Buffalo, NY 14215
Two upper-and-lower residences each include two bedrooms and updated kitchens and bathrooms.
Property Size1,713 SF
Days on Market7
Property Features for 96 Rounds Avenue
General Information
Standard status
Active
Size
1,713 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,536
Building Details
Building Size
1,713 SF
Year Built
1925
Listing Agency:
Keller Williams Realty WNY
Listed By:
Syed J Rizvi · License #10401279412
(716) 946-2700
Source:
Highfallssir
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 16 at 4:45PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
This 1,713-square-foot duplex has separate upper and lower residences, each with two bedrooms, an updated kitchen, and an updated bathroom. The lower unit also has a combined living and dining area. A full, dry basement and solid foundation are additional building features.
Building improvements include new electrical service, furnaces, water tanks, and windows, along with new flooring in multiple areas. The property was built in 1925.
Building improvements include new electrical service, furnaces, water tanks, and windows, along with new flooring in multiple areas. The property was built in 1925.
Key Highlights
- Two‑unit upper‑and‑lower duplex with 1,713 square feet
- Both residences have two bedrooms, updated kitchens, and updated bathrooms
- Lower unit includes a combined living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,997
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,940
$339.9K
Cap Rate 7%
$242,814
$242.8K
Cap Rate 9%
$188,856
$188.9K
Market Conditions
NOI Build-Up for 1,713 SF
Gross rent
$25.7K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$24.3K $14.17/SF
− OpEx
−$7.3K −$4.25/SF
NOI
$17.0K $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%
$339,940
Cap Rate 7%
$242,814
Cap Rate 9%
$188,856
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$223.7K
$195.7K – $260.9K
NOI $15,656 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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 upper-and-lower residences each include two bedrooms and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 96 Rounds Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two‑unit upper‑and‑lower duplex with 1,713 square feet; Both residences have two bedrooms, updated kitchens, and updated bathrooms; Lower unit includes a combined living and dining area
