Duplex with Block
For Sale
$475,000
Buffalo, NY 14202, Buffalo, NY 14202
CommercialSale, Buffalo, NY
Property Size3,007 SF
Lot Size0.11 Acres
Price / SF$157.96
Days on Market14
Property Features
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
N-2C
Zoning description
Residential 2 Unit
Rooms
Basement
Parking
5
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
City/Buffalo
Standard status
Active
Size
3,007 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4250
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood
Building materials
Brick, Stone
Roof type
Asphalt
Listing Agency:
Diversity Properties
(716) 601-4134
Listed By:
Michelle Tarbox · License #10301223221
(716) 598-0210
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 29 at 6:06AM
MLS# R1724699
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.
This 3,007-square-foot duplex in Buffalo has N-2C zoning and was built in 1900. Its features include separate unit entrances, hardwood flooring, a winding staircase, a two-car block garage, additional parking, and a concrete pad at the front. The building previously accommodated a business and an apartment. Public water and sewer serve the property, with natural gas and forced-air heating.
Located in Buffalo’s Medical Corridor, the property occupies a 0.1148-acre lot. Improvements completed within the past three years include a rebuilt exterior wall, replacement water lines, and repairs to the original windows.
Located in Buffalo’s Medical Corridor, the property occupies a 0.1148-acre lot. Improvements completed within the past three years include a rebuilt exterior wall, replacement water lines, and repairs to the original windows.
Key Highlights
- 3,007 square feet on a 0.1148‑acre lot
- Zoned N‑2C for two‑family residential use
- Separate entrances for the two residential units
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,414
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve the two-family layout, with additional on-site parking.
Where is this duplex located?
The property is located at 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 feet on a 0.1148‑acre lot; Zoned N‑2C for two‑family residential use; Separate entrances for the two residential units
