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Kenmore Duplex Investment Opportunity
For Sale
$289,900

311 West Girard Boulevard Tonawanda, Buffalo, NY 14217

Well-maintained duplex in Kenmore neighborhood with strong rental demand.

Property Size1,792 SF
Price / SF$161.77
Days on Market141

Property Features for 311 West Girard Boulevard Tonawanda

General Information

Standard status Active
Size 1,792 SF
Property subtype MultiFamily Apartments

Building Details

Building Size 1,792 SF
Year Built 1940
Listing Agency: Re/Max Commercial
Listed By: Michael Conroy
Source: Thebrokerlist
Added: May 19 Changed: Aug 8 Last Checked: Aug 8 at 7:04AM

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 Re/Max Commercial

Investment Insights

Based on property information with market context.

This well-maintained duplex presents an investment opportunity in the Kenmore neighborhood, within the Buffalo metropolitan area. The property, located at 311 West Girard Blvd, consists of approximately 1,792 square feet, with two 896-square-foot residential units. Each unit features separate utilities paid directly by the tenants. Both units are occupied and include updated kitchens and bathrooms, LVT wood flooring in the kitchens, vinyl double-hung windows, and functional layouts. The property also offers basement storage and separate laundry hookups for each unit. The exterior includes a driveway for off-street parking. The Kenmore neighborhood attracts renters and owner-occupants due to its stable residential character, walkability, and convenient access to Buffalo-area employment centers, shopping, dining, and amenities. Kenmore is known for its tree-lined streets, strong community identity, walkable neighborhoods, and well-maintained housing stock. The area offers convenient access to downtown Buffalo, the University at Buffalo, major healthcare employers, and the region’s primary employment corridors via nearby routes, including Interstate 290, Interstate 190, and Niagara Falls Boulevard. Residents enjoy easy connectivity throughout the Buffalo-Niagara region. Kenmore and the surrounding Town of Tonawanda area feature a wide variety of shopping, dining, parks, and neighborhood services, supporting strong tenant retention and consistent housing demand. The submarket has long been favored for its affordability relative to higher-priced suburban alternatives while still offering a stable residential environment.

Key Highlights

  • Desirable Kenmore neighborhood location, known for its stability and walkability.
  • Duplex with two occupied units, providing immediate rental income.
  • Separate utilities are paid by tenants.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,781
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,620 $355.6K
Cap Rate 7%
$254,014 $254.0K
Cap Rate 9%
$197,567 $197.6K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$26.9K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.4K $14.17/SF
− OpEx
−$7.6K −$4.25/SF
NOI
$17.8K $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%
$355,620
Cap Rate 7%
$254,014
Cap Rate 9%
$197,567

Alternative Uses

Best Use
Multifamily LT 5
$254.0K
$222.3K – $296.4K (±1% cap)
NOI $17,781 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$234.0K
$204.7K – $273.0K (±1% cap)
NOI $16,378 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$430.9K
$377.1K – $502.8K (±1% cap)
NOI $30,166 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

710
Businesses Nearby

Demographics for 14217, NY

23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained duplex in Kenmore neighborhood with strong rental demand.
Where is this duplex located?
The property is located at 311 West Girard Boulevard Tonawanda Buffalo, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Desirable Kenmore neighborhood location, known for its stability and walkability.; Duplex with two occupied units, providing immediate rental income.; Separate utilities are paid by tenants.
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