Two-Unit Duplex with Detached
269 Colvin Avenue, Buffalo, NY 14216
For Sale
New
$299,000
Upper and lower residences each have two bedrooms, one full bathroom, and separate utilities.
Property Size2,070 SF
Price / SF$144.44
Days on Market4
Property Features for 269 Colvin Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
front porch
attic storage
washer/dryer
Fully Fenced
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Carl P. Paladino
Listed By:
Carl P Paladino · License NY #10351203558
(716) 818-5197
Source:
Geracerealty
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 2:12PM
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 Carl P. Paladino
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Investment Insights
Based on property information with market context.
This 2,070-square-foot duplex contains two residences, each configured with two bedrooms and one full bathroom. The upper unit is vacant, while the lower unit is occupied and features hardwood flooring. Both apartments have natural light, sizable living areas, and ample closet storage; attic storage provides additional space. A front porch and detached two-car garage complete the property.
The 1925-built property is on Colvin Avenue near Hertel Avenue, with the avenue’s dining and shopping nearby. Recent basement work includes perimeter drainage and a sump pump, and a washer and dryer are installed in the basement. The roof was replaced in 2024. The interiors may benefit from cosmetic updates.
The 1925-built property is on Colvin Avenue near Hertel Avenue, with the avenue’s dining and shopping nearby. Recent basement work includes perimeter drainage and a sump pump, and a washer and dryer are installed in the basement. The roof was replaced in 2024. The interiors may benefit from cosmetic updates.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Upper residence is vacant; lower residence is occupied
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,540
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,800
$410.8K
Cap Rate 7%
$293,429
$293.4K
Cap Rate 9%
$228,222
$228.2K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$31.1K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.3K $14.17/SF
− OpEx
−$8.8K −$4.25/SF
NOI
$20.5K $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%
$410,800
Cap Rate 7%
$293,429
Cap Rate 9%
$228,222
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$270.3K
$236.5K – $315.3K
NOI $18,918 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,846 @ 7.0% cap · market cap 11.65%
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
1,013
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Buffalo, NY
Properties on Market for Duplexes in Buffalo
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences each have two bedrooms, one full bathroom, and separate utilities.
Where is this duplex located?
The property is located at 269 Colvin 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 units, each with 2 bedrooms and 1 full bathroom; Upper residence is vacant; lower residence is occupied; Separate utilities for each unit
