Well-Maintained Duplex with
15 Kenwood Road, Buffalo, NY 14217
- Added:
- May 17, 2026
- Days on Market:
- 9
- Last Refresh:
- May 25 at 9:06 pm
Property Features for 15 Kenwood Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Open, Garage
- Patio and Porch features
- Porch
- Interior features
- NaturalWoodwork
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 146401-066-710-0007-002-000
- Size
- 1,776 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6136
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Hardwood, Vinyl
- Building materials
- AluminumSiding, CopperPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Betty L Harris License #37HA0743281 (716) 472-3739
Listing office WNY Metro Town Center Realty Inc. 1980 Whitehaven Road Ste 1, GRAND ISLAND, NY (716) 773-1177
Listing date May 17, 2026
MLS# B1679336
Listing URL
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.
HighLights
- Two units with identical floor plans, each featuring a large living room and kitchen.
- Original hardwood floors and moldings throughout both units add character and value.
- New forced hot air furnaces and two new hot water tanks (5 years old) ensure efficient and reliable heating.
- Certified sump pump (valid until 5/2026) and sump to code protect basement from flooding.
- Detached two‑car garage and concrete driveway offer ample parking.
- Long‑term tenants in place, presenting immediate rental income potential.
Overview
This multifamily property, located in Buffalo, NY, has been well-maintained for 25 years. It features a carpeted foyer entrance and two units with similar floor plans. Each unit includes a living room, dining area, eat-in kitchen, two bedrooms, and a bathroom with a tub and shower. The property retains original hardwood floors and moldings throughout. The basement has a sump certified until May 2026. New forced hot air furnaces and two new hot water tanks were installed within the last 5 years. The electrical system was updated with circuit breakers in 2005. A detached two-car garage and concrete driveway are included. The long-term tenants would like to remain.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$195.8K
NOI $17,622 @ 9.00% cap · cautious / downside scenario
Moderate
$251.7K
NOI $17,622 @ 7.00% cap · market / base-case scenario
Aggressive
$352.4K
NOI $17,622 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $25.2k | $14.17 |
| − OpEx | −$7.6k | −$4.25 |
| NOI | $17.6k | $9.92 |
1,776 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,896 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.870065
- Latitude
- 42.968327
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property with long-term tenants and detached two-car garage.
Where is this duplex located?
The property is located at 15 Kenwood Road Buffalo, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two units with identical floor plans, each featuring a large living room and kitchen.; Original hardwood floors and moldings throughout both units add character and value.; New forced hot air furnaces and two new hot water tanks (5 years old) ensure efficient and reliable heating.
