Remodeled Duplex
305 PARKDALE AVE Buffalo, NY 14213
For Sale
$259,999
Pending
Two units were remodeled in 2021 with updated kitchens, bathrooms, new floors, and new windows.
Property Size1,898 SF
Days on Market97
Property Features for 305 PARKDALE AVE
General Information
- Standard status
- Pending
- Size
- 1,898 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
HUNT Real Estate Corporation
(716) 628-5803
Listed By:
Michael Cipolla
(716) 628-5803
Source:
Xome
Added: Apr 19
Changed: Jul 23
Last Checked: Jul 23 at 9:59AM
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 HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
This duplex presents a turnkey, investor-ready setup with both units remodeled in 2021. Updates include updated kitchens and fully updated bathrooms, along with new floors and new windows throughout. The overall improvements are positioned for straightforward occupancy and long-term maintenance planning.
Located at 305 Parkdale Ave in Buffalo, NY 14213, the property is described as being just minutes from Elmwood Ave, providing convenient access to nearby retail, services, and daily routes.
As a residential income property featuring two separate units, it offers an established duplex configuration with recent renovations completed on both sides.
Located at 305 Parkdale Ave in Buffalo, NY 14213, the property is described as being just minutes from Elmwood Ave, providing convenient access to nearby retail, services, and daily routes.
As a residential income property featuring two separate units, it offers an established duplex configuration with recent renovations completed on both sides.
Key Highlights
- Two‑unit property with both units remodeled in 2021
- Updated kitchens and fully updated bathrooms in both units
- New floors and new windows completed during 2021 remodel
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 | $28.5k | $15.00 |
| − Vacancy | −$1.6k | −$0.83 |
| EGI | $26.9k | $14.17 |
| − OpEx | −$8.1k | −$4.25 |
| NOI | $18.8k | $9.92 |
1,898 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.0K
$235.4K – $313.9K
NOI $18,833 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,346 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,950 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two units were remodeled in 2021 with updated kitchens, bathrooms, new floors, and new windows.
Where is this duplex located?
The property is located at 305 PARKDALE AVE Buffalo, NY.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Two‑unit property with both units remodeled in 2021; Updated kitchens and fully updated bathrooms in both units; New floors and new windows completed during 2021 remodel
