Turnkey Duplex Income
15 Andrews Avenue Buffalo, NY 14225
For Sale
$174,900
MULTI_FAMILY - Other - Buffalo, NY
Property Size1,360 SF
Lot Size0.04 Acres
Price / SF$128.60
Days on Market49
Property Features for 15 Andrews Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bathroom 1
- Parking features
- Driveway
- Patio and Porch features
- Porch, Deck
- Exterior features
- Deck, EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 143089-101-280-0003-012-000
- Size
- 1,360 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3512
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Varies
- Building materials
- AtticCrawlHatchwaysInsulated, VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Carolyn Gibbins · License #10401378970
(518) 866-4266
Added: Jun 8
Changed: Jul 18
Last Checked: Jul 26 at 6:06PM
MLS# B1687965
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey duplex includes a lower 1-bedroom, 1-bath unit and an upper 2-bedroom, 1-bath unit. The lower unit features a spacious living and dining area with new carpet added this year, and it includes a furnace and hot water tank added in 2024. The upper unit has a remodeled kitchen with new countertops, cabinets, recessed lighting, and LVT flooring. Both units have separate utilities and access to the basement, supporting practical day-to-day management. Additional improvements include updated PEX plumbing in 2019 and a high-efficiency furnace and hot water tank for the upper unit.
Located at 15 Andrews Avenue in Buffalo (14225), the property is described as convenient to bus routes and shopping centers, with Walden Galleria identified nearby. The exterior has also been addressed for added peace of mind, including a new porch in 2024 and replaced windows and exterior doors in 2023.
With recent upgrades to key systems and interior finishes, the property is positioned for a variety of buyers, including first-time owner-occupants and investors seeking a rental-ready setup. Historically, the units were previously rented for $900 and $1,100 per month, and the duplex layout offers flexibility for living in one unit while renting the other.
Located at 15 Andrews Avenue in Buffalo (14225), the property is described as convenient to bus routes and shopping centers, with Walden Galleria identified nearby. The exterior has also been addressed for added peace of mind, including a new porch in 2024 and replaced windows and exterior doors in 2023.
With recent upgrades to key systems and interior finishes, the property is positioned for a variety of buyers, including first-time owner-occupants and investors seeking a rental-ready setup. Historically, the units were previously rented for $900 and $1,100 per month, and the duplex layout offers flexibility for living in one unit while renting the other.
Key Highlights
- Duplex built in 1917 with separate utilities and access to the basement for both units
- Lower unit is a 1 bed/1 bath: new carpet added this year; furnace/HWT added in 2024
- Upper unit is a 2 bed/1 bath: remodeled kitchen with new countertops, cabinets, recessed lighting, and LVT flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $15.00 |
| − Vacancy | −$1.1k | −$0.83 |
| EGI | $19.3k | $14.17 |
| − OpEx | −$5.8k | −$4.25 |
| NOI | $13.5k | $9.92 |
1,360 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.8K
$168.7K – $224.9K
NOI $13,495 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$177.6K
$155.4K – $207.2K
NOI $12,430 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,894 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A move-in ready duplex with two separately metered units and recent mechanical and exterior updates.
Where is this duplex located?
The property is located at 15 Andrews Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Duplex built in 1917 with separate utilities and access to the basement for both units; Lower unit is a 1 bed/1 bath: new carpet added this year; furnace/HWT added in 2024; Upper unit is a 2 bed/1 bath: remodeled kitchen with new countertops, cabinets, recessed lighting, and LVT flooring
