Updated Duplex With Finished
For Sale
$245,000
234 Kinsey Ave, Buffalo, NY 14217
Two residential units include updated interiors, newer systems, and a fenced outdoor area.
Property Size1,540 SF
Price / SF$159.09
Days on Market52
Property Features for 234 Kinsey Ave
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Delaware
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
fully fenced yard
finished garage
ductless split system
Building Details
Year Built
1924
Buildings
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Alyssa Roberts · License #10401338893
(716) 239-7588
Source:
Skinnercnyrealty
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 7 at 2:18PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex, built in 1924, contains a two-bedroom first-floor unit and a one-bedroom apartment above. The upper residence has a renovated kitchen and bathroom, while both units include new refrigerators. Building improvements include a new electrical panel, updated wiring, and a new sump pump.
A finished garage adds flexible bonus space and previously served as a home gym. It has a newer ductless split system for heating and air conditioning. The property also includes a fully fenced yard. A school and park are located a few houses away, while the new police station is within a few blocks. Delaware Avenue’s shops and restaurants are also part of the surrounding village setting.
A finished garage adds flexible bonus space and previously served as a home gym. It has a newer ductless split system for heating and air conditioning. The property also includes a fully fenced yard. A school and park are located a few houses away, while the new police station is within a few blocks. Delaware Avenue’s shops and restaurants are also part of the surrounding village setting.
Key Highlights
- 1,540‑square‑foot duplex built in 1924
- Two‑bedroom first‑floor unit plus updated one‑bedroom second‑floor unit
- Second‑floor kitchen and bathroom completely renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,281
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,620
$305.6K
Cap Rate 7%
$218,300
$218.3K
Cap Rate 9%
$169,789
$169.8K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$23.1K $15.00/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$21.8K $14.17/SF
− OpEx
−$6.5K −$4.25/SF
NOI
$15.3K $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%
$305,620
Cap Rate 7%
$218,300
Cap Rate 9%
$169,789
Alternative Uses
Best Use
Multifamily LT 5
$218.3K
$191.0K – $254.7K
NOI $15,281 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$201.1K
$175.9K – $234.6K
NOI $14,075 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
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Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
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 - Two residential units include updated interiors, newer systems, and a fenced outdoor area.
Where is this duplex located?
The property is located at 234 Kinsey Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,540‑square‑foot duplex built in 1924; Two‑bedroom first‑floor unit plus updated one‑bedroom second‑floor unit; Second‑floor kitchen and bathroom completely renovated
