Updated Duplex with Original
For Sale
$399,900
110 Commonwealth Avenue, Buffalo, NY 14216
Two spacious apartments combine updated kitchens and baths with hardwood floors, formal dining rooms, and outdoor living spaces.
Property Size2,424 SF
Days on Market76
Property Features for 110 Commonwealth Avenue
General Information
Standard status
Active
Size
2,424 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,427
Amenities
front porches
second-floor balcony
fully fenced backyard
attic
Building Details
Building Size
2,424 SF
Year Built
1920
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Highfallssir
Added: Aug 4
Changed: Oct 11
Last Checked: Oct 16 at 4:39PM
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 WNYbyOwner.com
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex includes two 3-bedroom apartments with generously proportioned layouts. Both units offer large kitchens, formal dining rooms, expansive living rooms, and three bedrooms, along with hardwood floors, original woodwork, and leaded glass windows. Remodeled kitchens include appliances, while the bathrooms, electrical system, and windows have also been updated. A newer tear-off roof and vinyl-sided exterior add to the property’s recent improvements.
Outdoor features include front porches on both levels, a second-floor balcony, and a fully fenced backyard. The property also has a two-car garage and stair access to a full walk-up attic. Located on Commonwealth Avenue in Buffalo’s North Buffalo area, the duplex is near shopping, restaurants, parks, and neighborhood amenities.
Outdoor features include front porches on both levels, a second-floor balcony, and a fully fenced backyard. The property also has a two-car garage and stair access to a full walk-up attic. Located on Commonwealth Avenue in Buffalo’s North Buffalo area, the duplex is near shopping, restaurants, parks, and neighborhood amenities.
Key Highlights
- Two 3‑bedroom apartments with large kitchens, formal dining rooms, living rooms, and three bedrooms each
- Updated kitchens with appliances, remodeled bathrooms, replacement windows, and updated electrical
- Hardwood floors, original woodwork, and leaded glass windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,052
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,040
$481.0K
Cap Rate 7%
$343,600
$343.6K
Cap Rate 9%
$267,244
$267.2K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$36.4K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.4K $14.17/SF
− OpEx
−$10.3K −$4.25/SF
NOI
$24.1K $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%
$481,040
Cap Rate 7%
$343,600
Cap Rate 9%
$267,244
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$582.9K
$510.1K – $680.1K
NOI $40,805 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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?
Duplex - Two spacious apartments combine updated kitchens and baths with hardwood floors, formal dining rooms, and outdoor living spaces.
Where is this duplex located?
The property is located at 110 Commonwealth Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 3‑bedroom apartments with large kitchens, formal dining rooms, living rooms, and three bedrooms each; Updated kitchens with appliances, remodeled bathrooms, replacement windows, and updated electrical; Hardwood floors, original woodwork, and leaded glass windows throughout
