Duplex with Private Upper
For Sale
$279,000
332 Parkridge Ave, Buffalo, NY 14215
Each residence has three bedrooms, with one unit vacant and the other tenant-occupied.
Property Size2,184 SF
Price / SF$127.75
Days on Market10
Property Features for 332 Parkridge Ave
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1929
Listing Agency:
Keller Williams Realty WNY
Listed By:
Shirajum Monira · License #10401363530
(929) 326-4912
Source:
Skinnercnyrealty
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 4 at 2:56PM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Built in 1929, this 2,184-square-foot duplex contains two three-bedroom residences. The lower-level unit has a living room, formal dining room, kitchen, and bathroom. Upstairs, a separate entrance serves a unit with living and dining areas and a kitchen; this residence has vinyl flooring throughout and has been recently painted. The lower unit is vacant, while the upper unit is occupied by a tenant.
The property is at 332 Parkridge Ave in Buffalo, near the University South Campus, shopping, restaurants, and public transportation.
The property is at 332 Parkridge Ave in Buffalo, near the University South Campus, shopping, restaurants, and public transportation.
Key Highlights
- Two three‑bedroom units in a 2,184‑square‑foot duplex
- Lower residence is vacant; upper residence is tenant‑occupied
- Upper unit has a separate entrance, vinyl flooring, and recent paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,671
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,420
$433.4K
Cap Rate 7%
$309,586
$309.6K
Cap Rate 9%
$240,789
$240.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$32.8K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.0K $14.17/SF
− OpEx
−$9.3K −$4.25/SF
NOI
$21.7K $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%
$433,420
Cap Rate 7%
$309,586
Cap Rate 9%
$240,789
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,671 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$285.1K
$249.5K – $332.7K
NOI $19,960 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K
NOI $36,765 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, with one unit vacant and the other tenant-occupied.
Where is this duplex located?
The property is located at 332 Parkridge Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two three‑bedroom units in a 2,184‑square‑foot duplex; Lower residence is vacant; upper residence is tenant‑occupied; Upper unit has a separate entrance, vinyl flooring, and recent paint
