Duplex with Detached
New
For Sale
$249,900
22 Gilbert Avenue, Buffalo, NY 14219
Residential, Buffalo, NY
Property Size1,624 SF
Lot Size0.13 Acres
Price / SF$153.88
Days on Market1
Property Features for 22 Gilbert Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2
Interior features
Storage, NaturalWoodwork
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Blasdell Elementary
Middle school
Frontier Middle
High school
Frontier Senior High
Elementary school district
Frontier
Middle school district
Frontier
High school district
Frontier
Directions
South Park Avenue to Gilbert Avenue
Subdivision
Blasdell-Village-144801
Standard status
Active
APN
144801-151-550-0002-010-000
Size
1,624 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4909
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
in-unit laundry connections
private yard
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Vinyl, Varies, Carpet
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Lancaster
(716) 324-2300
Listed By:
Ryan Daley · License #10301215815
(716) 949-5189
Added: Oct 18
Last Checked: Oct 18 at 4:06AM
MLS# B1722476
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,624-square-foot duplex, built in 1880, sits on a 0.13-acre lot. The lower apartment has three bedrooms, a living room and an eat-in kitchen; the third bedroom may also serve as a second living area. Upstairs, the two-bedroom unit includes a living room and a fully equipped kitchen. Laundry connections are available in both apartments.
A detached two-car garage provides additional covered space, and the property also includes a private yard. Improvements include an asphalt roof, high-efficiency furnaces, hot water tanks, windows and driveway. Vinyl siding covers the exterior, and the garage has a new door.
A detached two-car garage provides additional covered space, and the property also includes a private yard. Improvements include an asphalt roof, high-efficiency furnaces, hot water tanks, windows and driveway. Vinyl siding covers the exterior, and the garage has a new door.
Key Highlights
- Two‑unit property with 1,624 square feet on a 0.13‑acre lot
- Lower apartment has three bedrooms; the upper apartment has two
- Laundry connections in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,114
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,280
$322.3K
Cap Rate 7%
$230,200
$230.2K
Cap Rate 9%
$179,044
$179.0K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$24.4K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$23.0K $14.17/SF
− OpEx
−$6.9K −$4.25/SF
NOI
$16.1K $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%
$322,280
Cap Rate 7%
$230,200
Cap Rate 9%
$179,044
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.4K – $268.6K
NOI $16,114 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$212.0K
$185.5K – $247.4K
NOI $14,842 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,338 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer distinct bedroom layouts, and both have connections for in-unit laundry.
Where is this duplex located?
The property is located at 22 Gilbert Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit property with 1,624 square feet on a 0.13‑acre lot; Lower apartment has three bedrooms; the upper apartment has two; Laundry connections in both apartments
