Two-Unit Duplex with
40 Condon Avenue Buffalo, NY 14207
40 Condon Avenue, Buffalo, NY, 14207
$159,900
For Sale
$159,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,397 SF
Lot Size0.07 Acres
Price / SF$114.46
Days on Market22
Property Features for 40 Condon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Basement, Bedroom 3
- Patio and Porch features
- Porch
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-077-480-0002-013-000
- Size
- 1,397 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1258
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Varies, Vinyl
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
WNY Metro Roberts Realty
(716) 875-2211
Listed by
Emmanuel Williams · License #10301217766
(716) 430-2091
Added: Jul 1 Updated: Jul 9 at 3:53AM Checked: Jul 22 at 2:06PM
MLS# B1687761
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.
40 Condon Avenue is a well-maintained two-unit duplex configured as a 2/2 double, with two spacious units. Each unit offers two bedrooms and one full bathroom, providing straightforward layouts for owner-occupants or tenants. The property features a durable vinyl exterior and a full basement that includes ample storage. A private backyard adds usable outdoor space for day-to-day enjoyment.
The home is located in Buffalo, NY, in Erie County, with convenient access to everyday amenities. Public remarks note proximity to shopping, public transportation, schools, and parks.
This duplex is a practical fit for buyers looking to live in one unit while renting the other, or for investors seeking a residential income property with two comparable unit configurations. With both units sharing a similar bedroom and bathroom layout, the property can be easier to manage and plan around. The combination of solid mechanics, vinyl exterior, basement storage, and private outdoor space supports long-term livability for residents and ongoing utility for an owner-operator.
The home is located in Buffalo, NY, in Erie County, with convenient access to everyday amenities. Public remarks note proximity to shopping, public transportation, schools, and parks.
This duplex is a practical fit for buyers looking to live in one unit while renting the other, or for investors seeking a residential income property with two comparable unit configurations. With both units sharing a similar bedroom and bathroom layout, the property can be easier to manage and plan around. The combination of solid mechanics, vinyl exterior, basement storage, and private outdoor space supports long-term livability for residents and ongoing utility for an owner-operator.
Key Highlights
- 2/2 double featuring two separate units, each with 2 bedrooms and 1 full bathroom
- Year built 1920 with vinyl siding exterior and asphalt shingle roof
- Full basement provides additional storage space
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 | $21.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.83 |
| EGI | $19.8k | $14.17 |
| − OpEx | −$5.9k | −$4.25 |
| NOI | $13.9k | $9.92 |
1,397 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,768 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained 2/2 duplex offering two two-bedroom units, a full basement, and a private backyard.
Where is this duplex located?
The property is located at 40 Condon Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2/2 double featuring two separate units, each with 2 bedrooms and 1 full bathroom; Year built 1920 with vinyl siding exterior and asphalt shingle roof; Full basement provides additional storage space
