Renovated Two-Unit
For Sale
$295,000
1025 West Avenue, Buffalo, NY 14213
Two residential units feature updated building systems and refreshed interiors.
Property Size2,294 SF
Days on Market60
Property Features for 1025 West Avenue
General Information
Standard status
Active
Size
2,294 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,883
Building Details
Building Size
2,294 SF
Year Built
1890
Listing Agency:
Howard Hanna WNY Inc
Listed By:
Melissa M Doerr · License #10401285971
(716) 472-3533
Source:
Highfallssir
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 16 at 4:58PM
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 Howard Hanna WNY Inc
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Investment Insights
Based on property information with market context.
Located at 1025 West Ave in Buffalo, this 2,294-square-foot duplex contains two residential units. The property was built in 1890 and underwent renovation 5 years ago, including updates to the electrical, plumbing, siding, windows, roof, and interior spaces.
The property is near Niagara Street and minutes from downtown Buffalo. Local shops, supermarkets, cafes, restaurants, and schools are located in the surrounding area, with Canada accessible by a short ride across the border.
The property is near Niagara Street and minutes from downtown Buffalo. Local shops, supermarkets, cafes, restaurants, and schools are located in the surrounding area, with Canada accessible by a short ride across the border.
Key Highlights
- Two‑unit duplex at 1025 West Ave, Buffalo, NY 14213
- 2,294 square feet across two residential units
- Renovated 5 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,762
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,240
$455.2K
Cap Rate 7%
$325,171
$325.2K
Cap Rate 9%
$252,911
$252.9K
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$34.4K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$32.5K $14.17/SF
− OpEx
−$9.8K −$4.25/SF
NOI
$22.8K $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%
$455,240
Cap Rate 7%
$325,171
Cap Rate 9%
$252,911
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$551.7K
$482.7K – $643.6K
NOI $38,616 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
Check the figures for this property
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 - Two residential units feature updated building systems and refreshed interiors.
Where is this duplex located?
The property is located at 1025 West Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex at 1025 West Ave, Buffalo, NY 14213; 2,294 square feet across two residential units; Renovated 5 years ago
