For Sale
$174,999
1294 Kensington Avenue, Buffalo, NY 14215
One residence is vacant, while the other is occupied by a tenant.
Property Size1,578 SF
Days on Market9
Property Features for 1294 Kensington Avenue
General Information
Standard status
Active
Size
1,578 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,320
Building Details
Building Size
1,578 SF
Year Built
1925
Listing Agency:
Towne Housing Real Estate
Listed By:
Mahbubul Haq · License #10401380010
(718) 825-1380
Source:
Highfallssir
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 5 at 11:40PM
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 Towne Housing Real Estate
Investment Insights
Based on property information with market context.
Built in 1925, this duplex has a vacant first-floor residence and a tenant in the second-floor residence.
Key Highlights
- Built in 1925
- First‑floor residence is vacant; second‑floor residence has a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,658
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,160
$313.2K
Cap Rate 7%
$223,686
$223.7K
Cap Rate 9%
$173,978
$174.0K
Market Conditions
NOI Build-Up for 1,578 SF
Gross rent
$23.7K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$22.4K $14.17/SF
− OpEx
−$6.7K −$4.25/SF
NOI
$15.7K $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%
$313,160
Cap Rate 7%
$223,686
Cap Rate 9%
$173,978
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$206.0K
$180.3K – $240.4K
NOI $14,422 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other is occupied by a tenant.
Where is this duplex located?
The property is located at 1294 Kensington Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $174,999.
What are key features of this property?
This property features: Built in 1925; First‑floor residence is vacant; second‑floor residence has a tenant
