497 Hinman Avenue Buffalo, NY 14216
MULTI_FAMILY - Other - Buffalo, NY
Property Features for 497 Hinman Avenue
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
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, NaturalWoodwork, BedroomOnMainLevel
- Exterior features
- Awnings, Balcony, EnclosedPorch, Fence, Porch, PrivateYard
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-077-430-0004-005-000
- Size
- 1,600 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1802
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Varies, Vinyl, Tile
- Building materials
- Brick, VinylSiding, CopperPlumbing
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Joshua James License #10301210944 (716) 697-3280
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date May 1, 2026
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.
Key Highlights
- $2,350/month rental income reported for this spacious 2/2 double in North Buffalo.
- Brick front with vinyl siding; shingle roof completed as a full tear‑off (arch shingle) per seller updates.
- Two updated kitchens with wood & white cabinetry; tile flooring downstairs and up, with newer carpet in living areas.
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 | $24.0k | $15.00 |
| − Vacancy | −$1.3k | −$0.83 |
| EGI | $22.7k | $14.17 |
| − OpEx | −$6.8k | −$4.25 |
| NOI | $15.9k | $9.92 |
