Three-Bedroom Duplex With
For Sale
$229,900
Pending
230 Rodney Avenue, Buffalo, NY 14214
Two residential units offer separate living spaces, kitchens, full bathrooms, and additional storage areas.
Property Size2,264 SF
Days on Market56
Property Features for 230 Rodney Avenue
General Information
Standard status
Pending
Size
2,264 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,432
Building Details
Building Size
2,264 SF
Year Built
1910
Buildings
1
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Highfallssir
Added: Aug 24
Changed: Oct 12
Last Checked: Oct 16 at 6:24PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two residential units with matching three-bedroom layouts. Each unit includes a living room, dining area, kitchen, and full bathroom, creating clearly defined spaces for household use.
The property includes both a full basement and full attic for storage, along with a full driveway and detached garage for off-street parking. Located at 230 Rodney Avenue in Buffalo, New York, the building provides a two-unit configuration with substantial supporting space.
The property includes both a full basement and full attic for storage, along with a full driveway and detached garage for off-street parking. Located at 230 Rodney Avenue in Buffalo, New York, the building provides a two-unit configuration with substantial supporting space.
Key Highlights
- Two‑unit duplex with 3 bedrooms in each unit
- Each unit includes a living room, dining room, kitchen, and full bathroom
- Full basement and full attic provide additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,691
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,820
$413.8K
Cap Rate 7%
$295,586
$295.6K
Cap Rate 9%
$229,900
$229.9K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$39.4K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$37.6K $16.62/SF
− OpEx
−$16.9K −$7.48/SF
NOI
$20.7K $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%
$413,820
Cap Rate 7%
$295,586
Cap Rate 9%
$229,900
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,465 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$544.4K
$476.4K – $635.2K
NOI $38,111 @ 7.0% cap · market cap 16.58%
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
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living spaces, kitchens, full bathrooms, and additional storage areas.
Where is this duplex located?
The property is located at 230 Rodney Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms in each unit; Each unit includes a living room, dining room, kitchen, and full bathroom; Full basement and full attic provide additional storage
