2-Unit
New
For Sale
$269,000
340 Crestwood Avenue, Buffalo, NY 14216
Residential, Buffalo, NY
Property Size1,857 SF
Lot Size0.09 Acres
Price / SF$144.86
Days on Market5
Property Features for 340 Crestwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 4
Patio and Porch features
Porch
Appliances
ElectricWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-078-480-0002-004-000
Size
1,857 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2632
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
front porch
balcony
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Laminate
Building materials
AtticCrawlHatchwaysInsulated, BlownInInsulation, VinylSiding
Roof type
Shingle
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 819-4200
Listed By:
Sarah F Bohn · License #10401302040
(716) 812-4947
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 5:06AM
MLS# B1726658
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.
Built in 1900, this duplex contains 1,857 square feet across two apartments, each with two bedrooms and one bathroom. Both units have open-plan living and dining areas. The upper apartment has a remodeled kitchen and bathroom, and its windows were updated within the last four years. Other improvements include new flooring throughout, a tear-off shingle roof completed under 10 years ago, and blown-in insulation installed throughout in 2024. The property also includes a basement, front porch, and balcony.
The property occupies a 0.0882-acre lot at 340 Crestwood Avenue in Buffalo, New York. The lower apartment is occupied by a month-to-month tenant who would like to remain. Natural gas forced-air heat and a public water supply serve the property.
The property occupies a 0.0882-acre lot at 340 Crestwood Avenue in Buffalo, New York. The lower apartment is occupied by a month-to-month tenant who would like to remain. Natural gas forced-air heat and a public water supply serve the property.
Key Highlights
- Two apartments, each with two bedrooms and one bathroom
- 1,857 square feet on a 0.0882‑acre lot
- Blown‑in insulation installed throughout in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,426
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,520
$368.5K
Cap Rate 7%
$263,229
$263.2K
Cap Rate 9%
$204,733
$204.7K
Market Conditions
NOI Build-Up for 1,857 SF
Gross rent
$27.9K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$26.3K $14.17/SF
− OpEx
−$7.9K −$4.25/SF
NOI
$18.4K $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%
$368,520
Cap Rate 7%
$263,229
Cap Rate 9%
$204,733
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.1K
NOI $18,426 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$242.5K
$212.2K – $282.9K
NOI $16,972 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$446.6K
$390.8K – $521.0K
NOI $31,260 @ 7.0% cap · market cap 11.62%
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
1,224
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
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 two bedrooms, one bathroom, and an open living and dining layout.
Where is this duplex located?
The property is located at 340 Crestwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and one bathroom; 1,857 square feet on a 0.0882‑acre lot; Blown‑in insulation installed throughout in 2024
