Two-Unit Duplex with Off-Street
For Sale
$250,000
39 Hartwell Rd, Buffalo, NY 14216
Both residences are occupied and feature matching layouts, hardwood flooring, and appliances.
Property Size1,728 SF
Price / SF$144.68
Days on Market25
Property Features for 39 Hartwell Rd
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Skinnercnyrealty
Added: Sep 24
Changed: Oct 15
Last Checked: Oct 16 at 12:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WNYbyOwner.com
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Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two matching apartments, each with hardwood floors and appliances. Both units are tenant occupied. The property also has a full basement with glass block, aluminum siding, off-street parking, and a yard that is fenced in part. A new sump pump was installed in September 2026, and the building passed a City of Buffalo rental inspection in Spring 2025.
Key Highlights
- Two tenant‑occupied apartments with matching layouts
- Hardwood floors and appliances in both units
- Full basement with glass block
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,146
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,920
$342.9K
Cap Rate 7%
$244,943
$244.9K
Cap Rate 9%
$190,511
$190.5K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$25.9K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$24.5K $14.17/SF
− OpEx
−$7.3K −$4.25/SF
NOI
$17.1K $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%
$342,920
Cap Rate 7%
$244,943
Cap Rate 9%
$190,511
Alternative Uses
Best Use
Multifamily LT 5
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$225.6K
$197.4K – $263.2K
NOI $15,793 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$415.5K
$363.6K – $484.8K
NOI $29,088 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and feature matching layouts, hardwood flooring, and appliances.
Where is this duplex located?
The property is located at 39 Hartwell Rd Buffalo, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two tenant‑occupied apartments with matching layouts; Hardwood floors and appliances in both units; Full basement with glass block
