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Brick Duplex with Two-Car Garage
For Sale
$424,900
Pending

334 Summer Street, Buffalo, NY 14222

All-brick residential property with separate utilities, basement laundry hookups, and partially fenced outdoor space.

Property Size4,052 SF
Days on Market60

Property Features for 334 Summer Street

General Information

Standard status Pending
Size 4,052 SF
Total Parking Spaces 2
Property subtype Duplex

Property Condition

Severity Repairs Needed
Evidence TLC

Additional Details

Utilities to Site Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,836

Amenities

fireplace
sunroom
storage attic
basement laundry hookups
partially fenced backyard

Building Details

Building Size 4,052 SF
Year Built 1930
Buildings 1
Stories 3
Construction brick
Listing Agency: WNY Metro Roberts Realty
Listed By: Kenneth J Hickok · License #10401213668
Source: Highfallssir
Added: Aug 8 Changed: Oct 1 Last Checked: Oct 6 at 12:08AM

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 WNY Metro Roberts Realty

Investment Insights

Based on property information with market context.

This all-brick duplex provides over 4,000 sq. ft. across a two-family layout with 6 bedrooms and 3 full baths. The first-floor residence includes an updated kitchen with Corian countertops, hardwood flooring through much of the unit, a fireplace-equipped living room, dining area, front sunroom, office space, and a window-lined rear sitting room. The second-floor unit offers an updated kitchen, separate dining room, hardwood flooring in the living and dining rooms, a fireplace, office space, and another rear sitting room. Two additional bedrooms, a bathroom, and a large storage attic occupy the third floor.

Separate gas and electric utilities, basement laundry hookups, off-street parking, a 2-car garage, and a partially fenced backyard add practical functionality. The property is located at 334 Summer Street in Buffalo, between Richmond and Elmwood Avenues, near surrounding shops, restaurants, and neighborhood amenities. Built in 1930, it offers a substantial residential configuration with multiple living areas and storage space.

Key Highlights

  • Over 4,000 sq. ft. all‑brick duplex with 6 bedrooms and 3 full baths
  • First‑floor unit includes updated kitchen with Corian countertops, fireplace, sunroom, office, and rear sitting room
  • Second‑floor unit features updated kitchen, separate dining room, hardwood floors, fireplace, office, and rear sitting room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$37,033
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,660 $740.7K
Cap Rate 7%
$529,043 $529.0K
Cap Rate 9%
$411,478 $411.5K
Market Conditions
NOI Build-Up for 4,052 SF
Gross rent
$70.5K $17.40/SF
− Vacancy
−$3.2K −$0.78/SF
EGI
$67.3K $16.62/SF
− OpEx
−$30.3K −$7.48/SF
NOI
$37.0K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,660
Cap Rate 7%
$529,043
Cap Rate 9%
$411,478

Alternative Uses

Best Use
Multifamily LT 5
$574.4K
$502.6K – $670.1K (±1% cap)
NOI $40,206 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K (±1% cap)
NOI $37,033 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$974.4K
$852.6K – $1.14M (±1% cap)
NOI $68,210 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service HVAC Service Locksmith (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,452
Businesses Nearby

Demographics for 14222, NY

13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - All-brick residential property with separate utilities, basement laundry hookups, and partially fenced outdoor space.
Where is this duplex located?
The property is located at 334 Summer Street Buffalo, NY.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Over 4,000 sq. ft. all‑brick duplex with 6 bedrooms and 3 full baths; First‑floor unit includes updated kitchen with Corian countertops, fireplace, sunroom, office, and rear sitting room; Second‑floor unit features updated kitchen, separate dining room, hardwood floors, fireplace, office, and rear sitting room
More about this property
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