Two-Unit Duplex with
For Sale
$129,900
Pending
229 Hagen Street, Buffalo, NY 14215
Residential, Buffalo, NY
Property Size1,291 SF
Lot Size0.07 Acres
Days on Market118
Property Features for 229 Hagen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Basement
Patio and Porch features
Porch
Exterior features
EnclosedPorch, Porch
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Lang to Hagen
Subdivision
Buffalo City-140200
Standard status
Pending
APN
140200-090-820-0001-036-000
Size
1,291 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1559
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1917
Floors in Building
1
Number of units
2
Flooring type
Carpet, Varies
Building materials
AluminumSiding
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 362-8900
Listed By:
Laura E. Swogger · License #30SW1092952
(585) 440-8840
Added: Jun 22
Changed: Oct 15
Last Checked: Oct 17 at 9:06PM
MLS# R1692889
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.
Located at 229 Hagen Street in Buffalo, this 1917 duplex contains two separate residences arranged across upper and lower levels. Each unit includes 2 bedrooms, a full bathroom, living space, dining space, and a kitchen. The property is currently vacant, allowing new ownership to establish occupancy without inherited tenants or existing lease assignments.
The 1,291-square-foot property sits on a 0.0702-acre lot with a private driveway and backyard. Exterior features include an enclosed porch and porch, while construction includes aluminum siding. Additional property features include natural gas forced-air heat, a gas water heater, public water service, and flooring that varies between carpet and other materials.
The 1,291-square-foot property sits on a 0.0702-acre lot with a private driveway and backyard. Exterior features include an enclosed porch and porch, while construction includes aluminum siding. Additional property features include natural gas forced-air heat, a gas water heater, public water service, and flooring that varies between carpet and other materials.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,291 square feet on a 0.0702‑acre lot
- Upper and lower residences with separate living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,799
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,980
$236.0K
Cap Rate 7%
$168,557
$168.6K
Cap Rate 9%
$131,100
$131.1K
Market Conditions
NOI Build-Up for 1,291 SF
Gross rent
$22.5K $17.40/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$21.5K $16.62/SF
− OpEx
−$9.7K −$7.48/SF
NOI
$11.8K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,980
Cap Rate 7%
$168,557
Cap Rate 9%
$131,100
Alternative Uses
Best Use
Multifamily LT 5
$183.0K
$160.1K – $213.5K
NOI $12,810 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,799 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,732 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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 - Vacant upper and lower residences offer separate living areas, kitchens, dining spaces, and full bathrooms.
Where is this duplex located?
The property is located at 229 Hagen Street Buffalo, NY.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,291 square feet on a 0.0702‑acre lot; Upper and lower residences with separate living, dining, and kitchen areas
