Two-Family Home with Fenced
389 Military Road Buffalo, NY 14207
389 Military Road, Buffalo, NY, 14207
$174,900
For Sale
$174,900
MULTI_FAMILY - Buffalo, NY
Property Size1,426 SF
Lot Size0.08 Acres
Price / SF$122.65
Days on Market16
Property Features for 389 Military Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bathroom 1, Bedroom 2
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-077-670-0001-017-000
- Size
- 1,426 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 800
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Varies, Vinyl, Tile
- Building materials
- ShakeSiding
Listing agency
Keller Williams Realty WNY
(716) 832-3300
Listed by
Stephen Zattosky · License #10401285918
(716) 501-8814
Added: Jul 8 Updated: Jul 15 at 2:07AM Checked: Jul 23 at 1:06AM
MLS# B1696518
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.
389 Military Road is a well-maintained two-family home configured with two spacious 2-bedroom, 1-bath apartments. Each unit has separate utilities, supporting independent operations and straightforward tenant turnover. The property also includes a fully fenced backyard for outdoor use and a covered rear porch that provides sheltered space at the back of the home.
Located in Buffalo, the property is described as being just steps from Hertel Avenue, with convenient access to nearby restaurants, shopping, public transportation, and parks. It also provides easy access to downtown Buffalo, making it suitable for tenants who value connectivity to everyday destinations.
For investors and owner-occupants, the unit layout and separate utilities can simplify management and help align expenses by apartment. The outdoor amenities and covered porch add livability for both renters and residents, while the two-unit configuration offers flexibility for those seeking to supplement their occupancy with rental income. As noted in the remarks, the owner is liquidating several properties to fund new investments.
Located in Buffalo, the property is described as being just steps from Hertel Avenue, with convenient access to nearby restaurants, shopping, public transportation, and parks. It also provides easy access to downtown Buffalo, making it suitable for tenants who value connectivity to everyday destinations.
For investors and owner-occupants, the unit layout and separate utilities can simplify management and help align expenses by apartment. The outdoor amenities and covered porch add livability for both renters and residents, while the two-unit configuration offers flexibility for those seeking to supplement their occupancy with rental income. As noted in the remarks, the owner is liquidating several properties to fund new investments.
Key Highlights
- Two‑family home with two 2‑bedroom, 1‑bath apartments
- Separate utilities for each unit
- Year built 1880
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 | $21.4k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $20.2k | $14.17 |
| − OpEx | −$6.1k | −$4.25 |
| NOI | $14.1k | $9.92 |
1,426 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.1K
$176.9K – $235.8K
NOI $14,149 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$186.2K
$162.9K – $217.2K
NOI $13,033 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 13.72%
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 - Well-maintained two-family residence offering two 2-bedroom units with separate utilities and outdoor space.
Where is this duplex located?
The property is located at 389 Military Road Buffalo, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑family home with two 2‑bedroom, 1‑bath apartments; Separate utilities for each unit; Year built 1880
