Renovated
For Sale
$269,900
55 Wyoming Ave, Buffalo, NY 14215
Two residential units offer living, dining, and kitchen areas with basement and attic storage.
Property Size2,176 SF
Price / SF$124.03
Days on Market56
Property Features for 55 Wyoming Ave
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Thejoshjamesteam
Added: Aug 13
Changed: Oct 4
Last Checked: Oct 5 at 9:55PM
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 ERA
Investment Insights
Based on property information with market context.
This duplex, built in 1890, contains two residential units with matching layouts. Each unit has three bedrooms, one full bathroom, a living room, formal dining room, and kitchen. The property has undergone a complete renovation and is presented as move-in ready.
A full basement and full attic provide additional interior space for storage. The home is situated near shopping, restaurants, parks, public transportation, and major highways, adding convenient access to everyday services and regional travel routes.
A full basement and full attic provide additional interior space for storage. The home is situated near shopping, restaurants, parks, public transportation, and major highways, adding convenient access to everyday services and regional travel routes.
Key Highlights
- Two‑unit duplex with three bedrooms and one full bathroom in each unit
- Complete renovation with move‑in‑ready condition
- Both units include living rooms, formal dining rooms, and kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,591
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,820
$431.8K
Cap Rate 7%
$308,443
$308.4K
Cap Rate 9%
$239,900
$239.9K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$32.6K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.8K $14.17/SF
− OpEx
−$9.3K −$4.25/SF
NOI
$21.6K $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%
$431,820
Cap Rate 7%
$308,443
Cap Rate 9%
$239,900
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.9K – $359.9K
NOI $21,591 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.5K
NOI $19,887 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$523.3K
$457.9K – $610.5K
NOI $36,630 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
645
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer living, dining, and kitchen areas with basement and attic storage.
Where is this duplex located?
The property is located at 55 Wyoming Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms and one full bathroom in each unit; Complete renovation with move‑in‑ready condition; Both units include living rooms, formal dining rooms, and kitchens
