Duplex with Two-Car
New
For Sale
$299,000
256 Englewood Avenue, Buffalo, NY 14214
Two separate units each have a porch, with a two-car garage providing off-street parking.
Property Size1,930 SF
Days on Market6
Property Features for 256 Englewood Avenue
General Information
Standard status
Active
Size
1,930 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,216
Amenities
porches
back yard
Building Details
Building Size
1,930 SF
Year Built
1920
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Amy Grosjean · License #10401295920
(716) 207-0479
Source:
Highfallssir
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 10:28PM
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
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two units, each with its own porch. A two-car garage provides off-street parking. The kitchens and bathrooms have been updated, along with the electrical service and roof; the property also has newer furnaces and water heaters.
The property is near the University at Buffalo. The two-unit layout and garage are complemented by improvements to major building systems and interior spaces.
The property is near the University at Buffalo. The two-unit layout and garage are complemented by improvements to major building systems and interior spaces.
Key Highlights
- Two‑unit duplex with a two‑car garage
- Each unit has its own porch
- Updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,150
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,000
$383.0K
Cap Rate 7%
$273,571
$273.6K
Cap Rate 9%
$212,778
$212.8K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$29.0K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$27.4K $14.17/SF
− OpEx
−$8.2K −$4.25/SF
NOI
$19.2K $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%
$383,000
Cap Rate 7%
$273,571
Cap Rate 9%
$212,778
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,150 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$252.0K
$220.5K – $294.0K
NOI $17,639 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$464.1K
$406.1K – $541.5K
NOI $32,489 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units each have a porch, with a two-car garage providing off-street parking.
Where is this duplex located?
The property is located at 256 Englewood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑car garage; Each unit has its own porch; Updated kitchens and bathrooms
