Two-Unit Duplex with
229 Hagen Street Buffalo, NY 14215
229 Hagen Street, Buffalo, NY, 14215
$129,900
For Sale
Under Contract
$129,900
MULTI_FAMILY - Buffalo, NY
Property Size1,291 SF
Lot Size0.07 Acres
Price / SF$100.62
Days on Market32
Property Features for 229 Hagen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 3, Bathroom 1
- Patio and Porch features
- Porch
- Exterior features
- EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Active Under Contract
- APN
- 140200-090-820-0001-036-000
- Size
- 1,291 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1559
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Varies, Carpet
- Building materials
- AluminumSiding
Listing agency
Keller Williams Realty Greater Rochester
(585) 362-8900
Listed by
Laura E. Swogger · License #30SW1092952
(585) 440-8840
Added: Jun 22 Updated: Jul 22 at 3:56PM Checked: Jul 23 at 1:06AM
MLS# R1692889
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.
229 Hagen Street is a two-family duplex offering an upper and a lower unit, each laid out with 2 bedrooms, a full bathroom, and separate living, dining, and kitchen spaces. The property totals about 1,291 square feet and sits on a lot of about 0.07 acres. Exterior amenities include its own driveway and a generous backyard for tenant privacy. The roof is described as being in decent condition.
Located on Buffalo’s East Side, the home benefits from access to the broader neighborhood’s momentum. The public remarks note that Governor Hochul recently awarded $10 million from the East Side Building Fund to 35 commercial and mixed-use projects, with several funded directly along the East Delavan corridor, described as being in the property’s backyard.
This asset is being offered with new ownership and tenants, creating an opportunity to position the units for your preferred plan from day one, rather than assuming existing lease terms. With each unit having its own bedroom and living layout, the property can be suited to investors seeking a straightforward two-unit setup or owner-occupants looking to live in one unit while renting the other.
Located on Buffalo’s East Side, the home benefits from access to the broader neighborhood’s momentum. The public remarks note that Governor Hochul recently awarded $10 million from the East Side Building Fund to 35 commercial and mixed-use projects, with several funded directly along the East Delavan corridor, described as being in the property’s backyard.
This asset is being offered with new ownership and tenants, creating an opportunity to position the units for your preferred plan from day one, rather than assuming existing lease terms. With each unit having its own bedroom and living layout, the property can be suited to investors seeking a straightforward two-unit setup or owner-occupants looking to live in one unit while renting the other.
Key Highlights
- Two‑family duplex built in 1917 with a mix of upper and lower units
- Each unit includes 2 bedrooms, a full bathroom, and separate living, dining, and kitchen spaces
- Enclosed porch and porch features, with aluminum siding exterior
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $17.40 |
| − Vacancy | −$1.0k | −$0.78 |
| EGI | $21.5k | $16.62 |
| − OpEx | −$9.7k | −$7.48 |
| NOI | $11.8k | $9.14 |
1,291 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.0K
$160.1K – $213.5K
NOI $12,810 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,799 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,732 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate duplex units each offer 2 bedrooms and 1 full bath, plus a driveway and private backyard.
Where is this duplex located?
The property is located at 229 Hagen Street Buffalo, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑family duplex built in 1917 with a mix of upper and lower units; Each unit includes 2 bedrooms, a full bathroom, and separate living, dining, and kitchen spaces; Enclosed porch and porch features, with aluminum siding exterior
