Two-Unit Duplex with
New
For Sale
$299,900
157 Hartwell Road, Buffalo, NY 14216
Recent mechanical and interior work supports two vacant apartments, each arranged with three bedrooms and one bathroom.
Property Size2,485 SF
Price / SF$119.96
Days on Market5
Property Features for 157 Hartwell Road
General Information
Standard status
Active
Size
2,485 SF
Property subtype
Multi Family
Site & Location
Neighborhood
North Park
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,579
Amenities
fully fenced backyard
whole-house security system
dusk-to-dawn lighting
custom awning
Building Details
Building Size
2,485 SF
Year Built
1927
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
Theodore N Gogos · License #10301224223
(716) 345-0437
Source:
Highfallssir
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 23 at 5:01PM
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
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Investment Insights
Based on property information with market context.
This 1927 duplex contains nearly 2,500 square feet across two three-bedroom, one-bathroom apartments. Both units are vacant. Major system work completed in late 2025 includes two high-efficiency Lennox furnaces, hybrid high-efficiency water heaters, a new electrical service line, 150-amp service, and two electrical panels. Interior improvements from 2024 include updated flooring, paint, and trim. The property also has newer windows, a two-car garage, off-street parking, a fenced backyard, and a second-story porch. The roof is approximately 15 years old.
The home is in North Buffalo between the Village of Kenmore and Hertel Avenue, within walking distance of shops, restaurants, and other amenities in both areas. Exterior dusk-to-dawn lighting was added at the front and side, and the garage received a new door in 2024. Listed appliances are included in the sale.
The home is in North Buffalo between the Village of Kenmore and Hertel Avenue, within walking distance of shops, restaurants, and other amenities in both areas. Exterior dusk-to-dawn lighting was added at the front and side, and the garage received a new door in 2024. Listed appliances are included in the sale.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bath; nearly 2,500 square feet total
- Two new high‑efficiency Lennox furnaces and hybrid high‑efficiency water heaters, installed in late 2025
- 150‑amp electrical service, new service line, and two new panels completed in late 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,806
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,120
$496.1K
Cap Rate 7%
$354,371
$354.4K
Cap Rate 9%
$275,622
$275.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$35.4K $14.17/SF
− OpEx
−$10.6K −$4.25/SF
NOI
$24.8K $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%
$496,120
Cap Rate 7%
$354,371
Cap Rate 9%
$275,622
Alternative Uses
Best Use
Multifamily LT 5
$354.4K
$310.1K – $413.4K
NOI $24,806 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recent mechanical and interior work supports two vacant apartments, each arranged with three bedrooms and one bathroom.
Where is this duplex located?
The property is located at 157 Hartwell Road Buffalo, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bath; nearly 2,500 square feet total; Two new high‑efficiency Lennox furnaces and hybrid high‑efficiency water heaters, installed in late 2025; 150‑amp electrical service, new service line, and two new panels completed in late 2025
