Duplex with Detached Two-Car
For Sale
$399,900
272 Commonwealth Avenue, Buffalo, NY 14216
Two-unit layout includes a private driveway and open upper porch.
Property Size2,954 SF
Days on Market19
Property Features for 272 Commonwealth Avenue
General Information
Standard status
Active
Size
2,954 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,583
Building Details
Building Size
2,954 SF
Year Built
1920
Listing Agency:
WNY Metro Roberts Realty
(716) 239-9001
Listed By:
Alicia Wittman · License #10301219240
(716) 239-9001
Source:
Highfallssir
Added: Jul 17
Changed: Aug 2
Last Checked: Aug 4 at 9:13AM
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 offers two separately configured residences with substantial living areas. The lower unit contains 1,585 square feet, while the upper unit provides 1,369 square feet plus a 209-square-foot open porch. The property also includes a private driveway updated in 2018 and a detached 520-square-foot garage with capacity for two cars.
The home is positioned in North Buffalo at 272 Commonwealth Avenue, with walkable access to the North Buffalo Ice Rink, neighborhood parks, and the dining, coffee, and boutique retail along Hertel Avenue. Its two-unit arrangement supports owner occupancy with a separate upper residence or continued use as a multifamily property, consistent with the property's existing configuration.
The home is positioned in North Buffalo at 272 Commonwealth Avenue, with walkable access to the North Buffalo Ice Rink, neighborhood parks, and the dining, coffee, and boutique retail along Hertel Avenue. Its two-unit arrangement supports owner occupancy with a separate upper residence or continued use as a multifamily property, consistent with the property's existing configuration.
Key Highlights
- Two‑unit duplex built in 1920
- Lower residence measures 1,585 sq ft
- Upper residence measures 1,369 sq ft
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.3k | $15.00 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $41.9k | $14.17 |
| − OpEx | −$12.6k | −$4.25 |
| NOI | $29.3k | $9.92 |
2,954 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,311 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$385.7K
$337.5K – $450.0K
NOI $26,998 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,726 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout includes a private driveway and open upper porch.
Where is this duplex located?
The property is located at 272 Commonwealth Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1920; Lower residence measures 1,585 sq ft; Upper residence measures 1,369 sq ft
