Two-Family Property in Buffalo,
41 Aurora Avenue Buffalo, NY 14224
41 Aurora Avenue, Buffalo, NY, 14224
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Other - Buffalo, NY
Property Size2,236 SF
Lot Size0.21 Acres
Days on Market142
Property Features for 41 Aurora Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 2, Basement, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch, Deck
- Exterior features
- Balcony, Deck, FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 146800-124-770-0003-006-110
- Size
- 2,236 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5268
Utilities
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Varies, Vinyl
- Building materials
- Cedar
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
WNY Metro Roberts Realty
(716) 662-0449
Listed by
Mitchell Fischer · License #10401372017
(716) 289-0143
Added: Mar 2 Updated: Jul 10 at 2:06AM Checked: Jul 22 at 6:06AM
MLS# B1663074
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 two-family property, located in Buffalo, NY, presents a strategic investment opportunity. The building contains two 3-bedroom, 1-bath units. The lower unit is currently vacant, providing flexibility for either owner-occupancy or for investors to optimize rents. The property features separate utilities, public water and sewer, and hot water heat. Appliances are included in both units. The exterior features a fully fenced yard, a covered porch, and additional outdoor space for tenants. The lot size is 0.2118 acres and the property size is 2236 square feet.
Key Highlights
- Two‑family home built in 1962 with two 3‑bedroom, 1‑bath units
- Lower unit is vacant, offering flexibility for owner‑occupants or rental use
- Separate utilities for each unit plus public water and sewer
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 | $33.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.7k | $14.17 |
| − OpEx | −$9.5k | −$4.25 |
| NOI | $22.2k | $9.92 |
2,236 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$291.9K
$255.5K – $340.6K
NOI $20,436 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$537.7K
$470.5K – $627.3K
NOI $37,640 @ 7.0% cap · market cap 13.69%
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 3-bedroom units with investment or owner-occupancy potential.
Where is this duplex located?
The property is located at 41 Aurora Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family home built in 1962 with two 3‑bedroom, 1‑bath units; Lower unit is vacant, offering flexibility for owner‑occupants or rental use; Separate utilities for each unit plus public water and sewer
