Building Details

Building Size 2,514 SF

Year Built 1930

Buildings 1

Listing Agency: Scott Realty Group LLC

Listed By: Cardinale Greene · License #10401360508 Show Phone

Source: Highfallssir

Added: Aug 13 Changed: Oct 10 Last Checked: Oct 16 at 4:36PM

Report an Issue

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 Scott Realty Group LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1930, this duplex offers separate upper and lower living spaces with eat-in kitchens, living rooms, and bathrooms. The lower unit includes a dining area, primary bedroom, additional bedrooms, a gas fireplace, house fans, and a front porch. The upper unit adds a dining room, three bedrooms, and its own front porch. A full attic provides additional storage, while the full partially finished basement includes a third bathroom.

The property also includes a detached two-car garage and a full backyard. The roof is approximately 8 years old, adding a notable recent improvement to the building’s existing features.

Key Highlights

• Duplex configuration with separate upper and lower living spaces
• Detached two‑car garage and full backyard
• Partially finished full basement with third bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,945

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$498,900 $498.9K

Cap Rate 7%

$356,357 $356.4K

Cap Rate 9%

$277,167 $277.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,514 SF

Gross rent

$37.7K $15.00/SF

− Vacancy

−$2.1K −$0.83/SF

EGI

$35.6K $14.17/SF

− OpEx

−$10.7K −$4.25/SF

NOI

$24.9K $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%

$498,900

Cap Rate 7%

$356,357

Cap Rate 9%

$277,167

Alternative Uses

Best Use

Multifamily LT 5

$356.4K

$311.8K – $415.8K (±1% cap)

NOI $24,945 @ 7.0% cap · market cap 7.80%

Second Best

Apartment 5plus

$328.2K

$287.2K – $382.9K (±1% cap)

NOI $22,976 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$604.6K

$529.0K – $705.3K (±1% cap)

NOI $42,320 @ 7.0% cap · market cap 13.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,154

Businesses Nearby

Explore this area Business Placement

Demographics for 14215, NY

42,447

Population

19,203

Households

2.2

Avg Household Size

33

Median Age

19%

College-Educated

87%

High-School Grad

4.8 sq mi

ZIP Area

8,843

Density / Sq Mi

$43,326

Median Household Income

$29,204

Median Earnings

$993

Median Rent

$102,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Duplex with Three-Car Garage

25 Orchard Place, Buffalo, NY 14214

$307,500

2,464 SF

View details

Two-Unit Duplex with Garage Apartment

85 Andres Place, Buffalo, NY 14225

$350,000

2,518 SF

View details

Updated Duplex with Two-Car Garage

22 Briggs Avenue, Buffalo, NY 14207

$284,900

2,499 SF

View details

Duplex with Updated Electrical

14 Saint James Road, Buffalo, NY 14225

$319,900

2,310 SF

View details

Duplex with Full-Length Porch

207 Minnesota Avenue, Buffalo, NY 14214

$299,000

2,394 SF

View details

Duplex with Original Details

20 Beaumaris Place, Buffalo, NY 14207

$340,000

2,657 SF

View details

Character-Filled Upper-Lower Duplex

105 Wallace Avenue, Buffalo, NY 14214

$379,000

2,547 SF

View details

Renovated Duplex with Detached Garage

361 Marilla Street, Buffalo, NY 14220

$264,900

2,484 SF

View details

Restored Duplex With Garage

784 Amherst St, Buffalo, NY 14216

$369,900

2,424 SF

View details

Duplex with Updated Upper Unit

341 Sundridge Drive, Buffalo, NY 14228

$335,000

2,308 SF

View details

Renovated Two-Unit Duplex

400 Winslow Avenue, Buffalo, NY 14211

$249,900

2,504 SF

View details

Two-Unit Property with Detached Garage

206 N Park Avenue, Buffalo, NY 14216

$389,900

2,428 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-level income property with porches, basement space, attic storage, and a private backyard.

Where is this duplex located?

The property is located at 299 Minnesota Avenue Buffalo, NY.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Duplex configuration with separate upper and lower living spaces; Detached two‑car garage and full backyard; Partially finished full basement with third bathroom