Two-Unit Residential Income
31 Ellen Drive Buffalo, NY 14225
31 Ellen Drive, Buffalo, NY, 14225
$234,900
For Sale
$234,900
MULTI_FAMILY - Buffalo, NY
Property Size1,924 SF
Lot Size0.15 Acres
Price / SF$122.09
Days on Market16
Property Features for 31 Ellen Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Basement, Bedroom 5, Bedroom 2, Bathroom 2
- Parking features
- Garage
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 143089-080-200-0003-025-000
- Size
- 1,924 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6137
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Varies
- Building materials
- VinylSiding
Listing agency
Superlative Real Estate, Inc.
(716) 553-3558
Listed by
Mark Hanes · License #10401260598
(716) 998-6089
Added: Jul 6 Updated: Jul 8 at 8:50PM Checked: Jul 21 at 7:06PM
MLS# B1695770
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.
This property is a two-family residential income home with two separate units. The first unit features three bedrooms and two full bathrooms. The second unit offers two bedrooms and one full bathroom. Both units are supported by a full basement, and the property also includes a large two-car garage with a concrete driveway. Vinyl windows have been updated in some areas, and a new tear-off roof was installed in fall 2025.
The home is located at 31 Ellen Drive in Buffalo, NY 14225 (Erie County). The public remarks indicate a Cheektowaga area setting and that there is plenty of parking available on-site.
For buyers seeking a multi-family setup, the existing two-unit configuration and dedicated parking can support a range of ownership goals, from owner-occupancy to long-term rental planning. The recent roof replacement and partial window updates are practical improvements for day-to-day maintenance considerations.
The home is located at 31 Ellen Drive in Buffalo, NY 14225 (Erie County). The public remarks indicate a Cheektowaga area setting and that there is plenty of parking available on-site.
For buyers seeking a multi-family setup, the existing two-unit configuration and dedicated parking can support a range of ownership goals, from owner-occupancy to long-term rental planning. The recent roof replacement and partial window updates are practical improvements for day-to-day maintenance considerations.
Key Highlights
- Two‑family home in Cheektowaga: first unit has 3 bedrooms and 2 full bathrooms; second unit has 2 bedrooms and 1 full bathroom
- Full basement plus large 2‑car garage with concrete driveway
- New tear‑off roof scheduled for fall 2025
Local Financial Insights For Multifamily LT 5
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 | $28.9k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $27.3k | $14.17 |
| − OpEx | −$8.2k | −$4.25 |
| NOI | $19.1k | $9.92 |
1,924 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.7K
$238.6K – $318.2K
NOI $19,091 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,584 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$462.7K
$404.9K – $539.8K
NOI $32,388 @ 7.0% cap · market cap 13.79%
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 units with basements and garage parking offer a straightforward owner-operator or investment fit.
Where is this duplex located?
The property is located at 31 Ellen Drive Buffalo, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑family home in Cheektowaga: first unit has 3 bedrooms and 2 full bathrooms; second unit has 2 bedrooms and 1 full bathroom; Full basement plus large 2‑car garage with concrete driveway; New tear‑off roof scheduled for fall 2025
