2-Unit Duplex with
For Sale
$234,900
31 Ellen Drive, Buffalo, NY 14225
Residential, Buffalo, NY
Property Size1,924 SF
Lot Size0.15 Acres
Price / SF$122.09
Days on Market116
Property Features for 31 Ellen Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Basement, Bathroom 2, Bedroom 5
Parking features
Garage
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Middle school
Maryvale Middle
High school
Maryvale High
Elementary school district
Maryvale
Middle school district
Maryvale
High school district
Maryvale
Subdivision
Cheektowaga-143089
Standard status
Active
APN
143089-080-200-0003-025-000
Size
1,924 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
6137
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1947
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
VinylSiding
Buildings
1
Listing Agency:
Superlative Real Estate, Inc.
(716) 553-3558
Listed By:
Mark Hanes · License #10401260598
(716) 998-6089
Added: Jul 6
Changed: Oct 25
Last Checked: Oct 29 at 12:06AM
MLS# B1695770
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.
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Investment Insights
Based on property information with market context.
This 1,924-square-foot duplex contains two vacant residences. One has three bedrooms and two full bathrooms; the other has two bedrooms and one full bathroom. A full basement provides additional interior space, and the property includes a large two-car garage, concrete driveway, and additional parking. Some windows are vinyl, and the roof was replaced with a tear-off installation in fall 2025.
The building was constructed in 1947 on a 0.15-acre lot. Vinyl siding, hardwood and varied flooring, forced-air natural gas heat, and a public water source are also part of the property.
The building was constructed in 1947 on a 0.15-acre lot. Vinyl siding, hardwood and varied flooring, forced-air natural gas heat, and a public water source are also part of the property.
Key Highlights
- Two vacant residences: one with 3 bedrooms and 2 full bathrooms; the other with 2 bedrooms and 1 full bathroom
- 1,924 square feet on a 0.15‑acre lot
- Large two‑car garage, concrete driveway, and additional parking
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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 - Both residences are vacant and offer distinct bedroom and bathroom layouts.
Where is this duplex located?
The property is located at 31 Ellen Drive 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: Two vacant residences: one with 3 bedrooms and 2 full bathrooms; the other with 2 bedrooms and 1 full bathroom; 1,924 square feet on a 0.15‑acre lot; Large two‑car garage, concrete driveway, and additional parking
