Two-Unit Duplex With Separate
For Sale
$200,000
2328 South Park Avenue, Buffalo, NY 14220
Upper/lower duplex offers two 2-bedroom, 1-bath units with separate utilities and solid mechanicals.
Property Size1,890 SF
Days on Market247
Property Features for 2328 South Park Avenue
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multi Family
Site & Location
Neighborhood
South Park
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,436
Building Details
Building Size
1,890 SF
Year Built
1918
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Thomas Mason · License #10301217912
(716) 714-4054
Source:
Highfallssir
Added: Feb 24
Changed: Oct 26
Last Checked: Oct 28 at 4:32PM
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 Howard Hanna WNY Inc.
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 upper/lower two-unit duplex includes two separate apartments, each offering 2 bedrooms and 1 bathroom. The units are supported by separate utilities, and the property is described as having solid mechanicals. Exterior improvements include low-maintenance vinyl siding, and the home is reported to have been well maintained over the years.
Located in a South Buffalo area address at 2328 S Park Ave, the property is positioned for buyers seeking a versatile residence/income asset.
From a configuration standpoint, the duplex layout provides two distinct living spaces within one building, with separate utilities designed to simplify tenant billing and unit operations.
Located in a South Buffalo area address at 2328 S Park Ave, the property is positioned for buyers seeking a versatile residence/income asset.
From a configuration standpoint, the duplex layout provides two distinct living spaces within one building, with separate utilities designed to simplify tenant billing and unit operations.
Key Highlights
- Upper/lower 2‑unit duplex with two 2‑bedroom, 1‑bath apartments
- Separate utilities for each unit
- Hardwood and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,273
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,460
$345.5K
Cap Rate 7%
$246,757
$246.8K
Cap Rate 9%
$191,922
$191.9K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$32.9K $17.40/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$31.4K $16.62/SF
− OpEx
−$14.1K −$7.48/SF
NOI
$17.3K $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%
$345,460
Cap Rate 7%
$246,757
Cap Rate 9%
$191,922
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.6K
NOI $18,754 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$246.8K
$215.9K – $287.9K
NOI $17,273 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,816 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
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 - Upper/lower duplex offers two 2-bedroom, 1-bath units with separate utilities and solid mechanicals.
Where is this duplex located?
The property is located at 2328 South Park Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Upper/lower 2‑unit duplex with two 2‑bedroom, 1‑bath apartments; Separate utilities for each unit; Hardwood and vinyl flooring
