Two-Unit Residential Income
169 Claremont Avenue Buffalo, NY 14222
169 Claremont Avenue, Buffalo, NY, 14222
$344,900
Pending
For Sale
$344,900
Pending
MULTI_FAMILY - Buffalo, NY
Property Size2,804 SF
Lot Size0.10 Acres
Days on Market47
Property Features for 169 Claremont Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bedroom 2, Bedroom 5
- Patio and Porch features
- Porch
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 140200-089-610-0003-034-000
- Size
- 2,804 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2345
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Varies
- Building materials
- ShakeSiding
Listing Agency
Keller Williams Realty WNY
(716) 832-3300
5500 Main St. Ste. 108, Williamsville, NY
Listed by
Stephen Zattosky · License #10401285918
(716) 501-8814
Added: Jun 2 Checked: Jul 18 at 10:06 am
MLS# B1686335
Listing URL
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 classic double at 169 Claremont Avenue offers two spacious, separate apartments within a single multifamily building. Each unit features three bedrooms and one bathroom, with generous room sizes and distinct living and dining areas. The property’s historic architectural character is part of its appeal, supporting both investment use and comfortable everyday living.
Set in the Elmwood Village area of Buffalo, the home sits on a quiet residential street with convenient access to local amenities. It is described as being just minutes from Elmwood Avenue’s dining, shopping, entertainment, and cultural attractions. Residents can also take advantage of nearby parks, coffee shops, local boutiques, and public transportation, along with easy connections to major commuter routes.
From an ownership perspective, the two-unit configuration creates practical flexibility for an investor seeking rental income or an owner-occupant who wants to live in one apartment while renting the other. With each unit laid out for separate living and dining use and sized for multi-bedroom occupancy, the property is positioned to appeal to tenants looking for space in a highly desired rental market.
Set in the Elmwood Village area of Buffalo, the home sits on a quiet residential street with convenient access to local amenities. It is described as being just minutes from Elmwood Avenue’s dining, shopping, entertainment, and cultural attractions. Residents can also take advantage of nearby parks, coffee shops, local boutiques, and public transportation, along with easy connections to major commuter routes.
From an ownership perspective, the two-unit configuration creates practical flexibility for an investor seeking rental income or an owner-occupant who wants to live in one apartment while renting the other. With each unit laid out for separate living and dining use and sized for multi-bedroom occupancy, the property is positioned to appeal to tenants looking for space in a highly desired rental market.
Key Highlights
- Two‑unit classic double with two 3‑bedroom, 1‑bath apartments plus a basement
- Built in 1920 with shake siding exterior
- Heating: forced air with natural gas; gas water heater
Local 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 | $42.1k | $15.00 |
| − Vacancy | −$2.3k | −$0.83 |
| EGI | $39.7k | $14.17 |
| − OpEx | −$11.9k | −$4.25 |
| NOI | $27.8k | $9.92 |
2,804 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.5K
$347.8K – $463.7K
NOI $27,823 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$366.1K
$320.3K – $427.1K
NOI $25,627 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$674.3K
$590.0K – $786.7K
NOI $47,201 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic double with two 3-bedroom, 1-bath apartments, offering strong rental potential or flexible owner-occupancy.
Where is this duplex located?
The property is located at 169 Claremont Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two‑unit classic double with two 3‑bedroom, 1‑bath apartments plus a basement; Built in 1920 with shake siding exterior; Heating: forced air with natural gas; gas water heater
