Two-Unit Duplex with
For Sale
$299,900
160 Hamilton Dr, Buffalo, NY 14226
Two spacious apartments include sunrooms, hardwood floors, and formal living and dining rooms.
Property Size2,410 SF
Price / SF$124.44
Days on Market52
Property Features for 160 Hamilton Dr
General Information
Standard status
Active
Size
2,410 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1931
Buildings
1
Listing Agency:
LoVallo Real Estate
Listed By:
Michael Calabrese · License #10301218793
(716) 949-3405
Source:
Thejoshjamesteam
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 7 at 1:22PM
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 LoVallo Real Estate
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Investment Insights
Based on property information with market context.
Built in 1931, this 2,410-square-foot duplex contains two three-bedroom apartments, each with formal living and dining rooms plus an additional sunroom. The interiors feature hardwood flooring, natural woodwork, and solid-core doors, providing durable character throughout both units.
The upper apartment is occupied by a long-term tenant, while the lower apartment is vacant and ready for occupancy. Exterior features include parking at the front and rear of the property, along with a detached two-car garage. The property is situated in the Smallwood school district and near Main Street amenities.
The upper apartment is occupied by a long-term tenant, while the lower apartment is vacant and ready for occupancy. Exterior features include parking at the front and rear of the property, along with a detached two-car garage. The property is situated in the Smallwood school district and near Main Street amenities.
Key Highlights
- 2,410‑square‑foot duplex built in 1931
- Two three‑bedroom apartments with formal living and dining rooms
- Bonus sunrooms in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,913
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,260
$478.3K
Cap Rate 7%
$341,614
$341.6K
Cap Rate 9%
$265,700
$265.7K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.2K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.9K $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%
$478,260
Cap Rate 7%
$341,614
Cap Rate 9%
$265,700
Alternative Uses
Best Use
Multifamily LT 5
$341.6K
$298.9K – $398.6K
NOI $23,913 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$314.7K
$275.3K – $367.1K
NOI $22,026 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$579.6K
$507.1K – $676.2K
NOI $40,569 @ 7.0% cap · market cap 13.53%
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
516
Businesses Nearby
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Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
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 - Two spacious apartments include sunrooms, hardwood floors, and formal living and dining rooms.
Where is this duplex located?
The property is located at 160 Hamilton Dr 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: 2,410‑square‑foot duplex built in 1931; Two three‑bedroom apartments with formal living and dining rooms; Bonus sunrooms in both apartments
