Vacant Two-Unit
For Sale
$184,900
284 Hazelwood Ave, Buffalo, NY 14215
Each residence offers two bedrooms, a living room, dining room, kitchen, and full bathroom.
Property Size1,539 SF
Price / SF$120.14
Days on Market43
Property Features for 284 Hazelwood Ave
General Information
Standard status
Active
Size
1,539 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1917
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Thejoshjamesteam
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 5 at 10:10PM
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 vacant duplex contains two residential units, each arranged with two bedrooms, a living room, formal dining room, kitchen, and full bathroom. A partial basement adds storage and utility space. Both units are currently unoccupied, allowing access for showings and supporting either immediate occupancy or rental use.
Constructed in 1917, the property is located in Buffalo, NY, near shopping, restaurants, parks, public transportation, and major highways. Its two-unit configuration provides a straightforward multifamily layout for an owner-occupant or investor seeking residential income property.
Constructed in 1917, the property is located in Buffalo, NY, near shopping, restaurants, parks, public transportation, and major highways. Its two-unit configuration provides a straightforward multifamily layout for an owner-occupant or investor seeking residential income property.
Key Highlights
- Two‑unit duplex with both residences vacant
- Each unit includes 2 bedrooms and 1 full bathroom
- Living room, formal dining room, and kitchen in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,271
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,420
$305.4K
Cap Rate 7%
$218,157
$218.2K
Cap Rate 9%
$169,678
$169.7K
Market Conditions
NOI Build-Up for 1,539 SF
Gross rent
$23.1K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$21.8K $14.17/SF
− OpEx
−$6.5K −$4.25/SF
NOI
$15.3K $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%
$305,420
Cap Rate 7%
$218,157
Cap Rate 9%
$169,678
Alternative Uses
Best Use
Multifamily LT 5
$218.2K
$190.9K – $254.5K
NOI $15,271 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$370.1K
$323.8K – $431.8K
NOI $25,907 @ 7.0% cap · market cap 14.01%
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
533
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 - Each residence offers two bedrooms, a living room, dining room, kitchen, and full bathroom.
Where is this duplex located?
The property is located at 284 Hazelwood Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Two‑unit duplex with both residences vacant; Each unit includes 2 bedrooms and 1 full bathroom; Living room, formal dining room, and kitchen in each unit
