Mixed-Use Property With
For Sale
$199,900
1082 Walden Ave, Buffalo, NY 14211
Commercial storefront space accompanies two residential apartments and a detached garage.
Property Size1,995 SF
Price / SF$100.20
Days on Market70
Property Features for 1082 Walden Ave
General Information
Standard status
Active
Size
1,995 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Building Details
Year Built
1927
Listing Agency:
HUNT Real Estate Corporation
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Skinnercnyrealty
Added: Aug 8
Changed: Oct 8
Last Checked: Oct 15 at 12:10AM
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 HUNT Real Estate Corporation
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Investment Insights
Based on property information with market context.
Built in 1927, this mixed-use property combines a front commercial storefront with a half bathroom and two residential apartments. The lower residence contains one bedroom, a living room, kitchen, and full bathroom. Upstairs, the larger apartment offers four bedrooms along with living, dining, kitchen, and full-bath areas.
A full basement provides storage and utility space, while the detached garage accommodates three vehicles. The property is located on Walden Avenue in Buffalo, near shopping, restaurants, schools, public transportation, and major highways. Its combination of commercial and residential areas supports both owner occupancy and rental use, as stated in the property information.
A full basement provides storage and utility space, while the detached garage accommodates three vehicles. The property is located on Walden Avenue in Buffalo, near shopping, restaurants, schools, public transportation, and major highways. Its combination of commercial and residential areas supports both owner occupancy and rental use, as stated in the property information.
Key Highlights
- Front commercial storefront with half bathroom
- Lower apartment includes 1 bedroom and full bathroom
- Upper apartment includes 4 bedrooms, living room, dining room, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,233
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,660
$364.7K
Cap Rate 7%
$260,471
$260.5K
Cap Rate 9%
$202,589
$202.6K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$34.7K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$33.2K $16.62/SF
− OpEx
−$14.9K −$7.48/SF
NOI
$18.2K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,660
Cap Rate 7%
$260,471
Cap Rate 9%
$202,589
Alternative Uses
Best Use
Mixed Use
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 10.78%
Second Best
Multifamily LT 5
$282.8K
$247.4K – $329.9K
NOI $19,795 @ 7.0% cap · market cap 9.90%
Theoretical Best
Office A
$479.8K
$419.8K – $559.7K
NOI $33,583 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
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?
Mixed-use property - Commercial storefront space accompanies two residential apartments and a detached garage.
Where is this mixed-use property located?
The property is located at 1082 Walden Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Front commercial storefront with half bathroom; Lower apartment includes 1 bedroom and full bathroom; Upper apartment includes 4 bedrooms, living room, dining room, kitchen, and full bathroom
