Duplex with Two-Car
For Sale
$234,900
31 Ellen Dr, Buffalo, NY 14225
Two residential units provide distinct bedroom and bathroom configurations, supported by basement storage and off-street parking.
Property Size1,924 SF
Price / SF$122.09
Days on Market54
Property Features for 31 Ellen Dr
General Information
Standard status
Active
Size
1,924 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
full basement
concrete driveway
Building Details
Year Built
1947
Buildings
1
Listing Agency:
Superlative Real Estate, Inc.
Listed By:
Mark Hanes · License #10401260598
(716) 998-6089
Source:
Thejoshjamesteam
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 7 at 2:54PM
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 Superlative Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This duplex at 31 Ellen Dr includes two separate residential units with a combined 1,924 square feet of living area. The first unit offers 3 bedrooms and 2 full bathrooms, while the second includes 2 bedrooms and 1 full bathroom. The property also features a full basement, a large 2-car garage, and a concrete driveway with additional parking capacity. Some vinyl windows have been updated, and the home was built in 1947. Showings are available with 24 hours’ notice during the specified Tuesday and Saturday time windows.
Key Highlights
- 1,924‑square‑foot duplex with two residential units
- First unit includes 3 bedrooms and 2 full bathrooms
- Second unit offers 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,091
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,820
$381.8K
Cap Rate 7%
$272,729
$272.7K
Cap Rate 9%
$212,122
$212.1K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$28.9K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$27.3K $14.17/SF
− OpEx
−$8.2K −$4.25/SF
NOI
$19.1K $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%
$381,820
Cap Rate 7%
$272,729
Cap Rate 9%
$212,122
Alternative Uses
Best Use
Multifamily LT 5
$272.7K
$238.6K – $318.2K
NOI $19,091 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,584 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$462.7K
$404.9K – $539.8K
NOI $32,388 @ 7.0% cap · market cap 13.79%
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
232
Businesses Nearby
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Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct bedroom and bathroom configurations, supported by basement storage and off-street parking.
Where is this duplex located?
The property is located at 31 Ellen Dr Buffalo, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 1,924‑square‑foot duplex with two residential units; First unit includes 3 bedrooms and 2 full bathrooms; Second unit offers 2 bedrooms and 1 full bathroom
