Two-Unit Duplex with
New
For Sale
$299,900
157 Hartwell Road, Buffalo, NY 14216
Residential, Buffalo, NY
Property Size2,485 SF
Lot Size0.09 Acres
Price / SF$120.68
Days on Market2
Property Features for 157 Hartwell Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Open
Exterior features
Awnings, Balcony, FullyFenced
Fencing
Fenced
Fireplace
1
Appliances
ElectricWaterHeater, GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-078-540-0002-021-000
Size
2,485 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2579
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Varies, Laminate, Hardwood
Building materials
AluminumSiding, BlownInInsulation, SprayFoamInsulation, VinylSiding
Roof type
Asphalt
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Theodore N Gogos · License #10301224223
(716) 345-0437
Added: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# B1721761
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.
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Investment Insights
Based on property information with market context.
This 2,485-square-foot duplex, built in 1927, contains two three-bedroom, one-bathroom units. Recent work includes two high-efficiency furnaces, hybrid water heaters for both units, a new electrical service line, 150-amp service, and two electrical panels, completed in late 2025. Interior flooring, paint, and trim were refreshed in 2024. The property also has a two-car garage, a second-story porch with a custom awning and frame, and a fenced backyard. Both units are vacant, and the listed appliances are included in the sale.
The 0.0938-acre property is in Buffalo, between the Village of Kenmore and Hertel Avenue, within walking distance of shops, restaurants, and amenities in both areas. The roof is an asphalt roof approximately 15 years old. The garage door was replaced in 2024, and the garage was painted in 2026. Newer windows and light fixtures are also present.
The 0.0938-acre property is in Buffalo, between the Village of Kenmore and Hertel Avenue, within walking distance of shops, restaurants, and amenities in both areas. The roof is an asphalt roof approximately 15 years old. The garage door was replaced in 2024, and the garage was painted in 2026. Newer windows and light fixtures are also present.
Key Highlights
- Two units, each with three bedrooms and one bathroom
- 2,485 square feet on a 0.0938‑acre lot
- Two high‑efficiency furnaces, hybrid water heaters, 150‑amp service, and two new electrical panels completed in late 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,657
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,140
$493.1K
Cap Rate 7%
$352,243
$352.2K
Cap Rate 9%
$273,967
$274.0K
Market Conditions
NOI Build-Up for 2,485 SF
Gross rent
$37.3K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$35.2K $14.17/SF
− OpEx
−$10.6K −$4.25/SF
NOI
$24.7K $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%
$493,140
Cap Rate 7%
$352,243
Cap Rate 9%
$273,967
Alternative Uses
Best Use
Multifamily LT 5
$352.2K
$308.2K – $411.0K
NOI $24,657 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,711 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$597.6K
$522.9K – $697.2K
NOI $41,831 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one bathroom, with recent mechanical and interior improvements.
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 units, each with three bedrooms and one bathroom; 2,485 square feet on a 0.0938‑acre lot; Two high‑efficiency furnaces, hybrid water heaters, 150‑amp service, and two new electrical panels completed in late 2025
