Turnkey Double Steps from
301 Colvin Avenue, Buffalo, NY 14216
MULTI_FAMILY - Other - Buffalo, NY
Property size:
2,660 SFLot size:
0.13 AcresPrice / SF:
$137/SF- Added:
- May 14, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 5:06 pm
Property Features for 301 Colvin Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bedroom 6
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- NaturalWoodwork
- Exterior features
- Awnings, Balcony, Fence
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 140200-078-650-0002-034-000
- Size
- 2,660 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3809
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Hardwood
- Building materials
- WoodSiding
- Architectural style
- Other
Listing agent Kristina E Krygier License #10401379654 (716) 983-7461
Listing office WNY Metro Roberts Realty 5687 Main St., cheektowaga, NY (716) 559-9972
Listing date May 14, 2026
MLS# B1681611
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime North Buffalo location steps from Hertel Avenue's dining, shopping, and nightlife.
- Turnkey income‑producing double with reliable tenants already in place.
- Significant capital improvements completed: renovated kitchen, new drain tiles, upgraded electrical, tear‑off roof (2008), furnace/hot water tank (2014).
- Off‑street parking with a 2‑car garage and additional parking pad.
- Upper unit features refinished hardwood floors, new central A/C, updated bathroom, and two private outdoor spaces.
- Lower unit offers generous living space with a bonus flex room and private back porch.
Overview
Located in North Buffalo, this income-producing duplex is near the dining, shopping, and nightlife of Hertel Avenue. The property features two units with existing tenants. The upper unit includes refinished hardwood floors, a new central A/C system, an updated bathroom, a covered front porch, and a rear porch accessible from one of the bedrooms. The lower unit offers living space with a flex room suitable for a home office, guest room, or den, an updated bathroom, and a private back porch. Both units have newer appliances, with a gas range in the upper unit and an electric range in the lower unit. Each unit has separate utility meters; the owner covers water, sewer, and trash. Capital improvements include a renovated kitchen, new drain tiles, an upgraded electrical system, a full tear-off roof installed in 2008, and a furnace and hot water tank replaced in 2014. Off-street parking is available with a 2-car garage and an additional parking pad. The property includes an expansive attic and a full basement for storage and future potential. The lot size is 0.1339 acres and the property size is 2660 square feet. The upper unit is leased until next year for $1,600 per month, and the lower unit is rented month to month for $1,700 per month. The property is intended for investors or owner-occupants.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$293.3K
NOI $26,394 @ 9.00% cap · cautious / downside scenario
Moderate
$377.1K
NOI $26,394 @ 7.00% cap · market / base-case scenario
Aggressive
$527.9K
NOI $26,394 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $15.00 |
| − Vacancy | −$2.2k | −$0.83 |
| EGI | $37.7k | $14.17 |
| − OpEx | −$11.3k | −$4.25 |
| NOI | $26.4k | $9.92 |
2,660 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$377.1K
$329.9K – $439.9K
NOI $26,394 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,311 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$639.7K
$559.7K – $746.3K
NOI $44,777 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.858495
- Latitude
- 42.949064
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex in prime North Buffalo location with solid tenants.
Where is this duplex located?
The property is located at 301 Colvin Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Prime North Buffalo location steps from Hertel Avenue's dining, shopping, and nightlife.; Turnkey income‑producing double with reliable tenants already in place.; Significant capital improvements completed: renovated kitchen, new drain tiles, upgraded electrical, tear‑off roof (2008), furnace/hot water tank (2014).
