Two-Unit
New
For Sale
$249,999
315 Grandview Avenue, Buffalo, NY 14223
Residential, Buffalo, NY
Property Size1,868 SF
Lot Size0.12 Acres
Price / SF$133.83
Days on Market1
Property Features for 315 Grandview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Patio and Porch features
Deck
Exterior features
Deck, FullyFenced, PrivateYard
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school
Ben Franklin Elementary
Middle school
Ben Franklin Middle
High school
Kenmore East Senior High
Elementary school district
Kenmore-Tonawanda Union Free District
Middle school district
Kenmore-Tonawanda Union Free District
High school district
Kenmore-Tonawanda Union Free District
Directions
GPS
Subdivision
Tonawanda-Town-146489
Standard status
Active
APN
146489-067-790-0002-021-100
Size
1,868 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4008
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
Building Details
Year built
1935
Floors in Building
1
Number of units
2
Flooring type
Varies, Laminate, Hardwood
Building materials
VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Joseph M Tomasello · License #10301206199
(716) 425-5823
Added: Oct 30
Last Checked: Oct 30 at 5:06PM
MLS# B1725974
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 1,868-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. Built in 1935, the property sits on a 0.1171-acre lot and includes a deck and fenced yard. Heating is forced air fueled by natural gas, and the building has central air conditioning.
The property is near UB South Campus, shopping, restaurants, and major highways. Its two-unit layout offers separate residential spaces within one building.
The property is near UB South Campus, shopping, restaurants, and major highways. Its two-unit layout offers separate residential spaces within one building.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,868 square feet on a 0.1171‑acre lot
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,535
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,700
$370.7K
Cap Rate 7%
$264,786
$264.8K
Cap Rate 9%
$205,944
$205.9K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$28.0K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$26.5K $14.17/SF
− OpEx
−$7.9K −$4.25/SF
NOI
$18.5K $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%
$370,700
Cap Rate 7%
$264,786
Cap Rate 9%
$205,944
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,535 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 12.58%
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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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 14223, NY
22,658
Population
10,586
Households
2.1
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
3.5 sq mi
ZIP Area
6,474
Density / Sq Mi
$83,528
Median Household Income
$49,835
Median Earnings
$976
Median Rent
$202,200
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 - Each apartment has a two-bedroom, one-bath layout, with a deck and fenced yard outdoors.
Where is this duplex located?
The property is located at 315 Grandview Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,868 square feet on a 0.1171‑acre lot; Built in 1935
