Duplex With Updated
For Sale
$239,341
341 Davidson Avenue, Buffalo, NY 14215
Two apartments feature separate utilities, formal dining areas, and basement storage with dedicated laundry hookups.
Property Size2,199 SF
Days on Market74
Property Features for 341 Davidson Avenue
General Information
Standard status
Active
Size
2,199 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,329
Building Details
Building Size
2,199 SF
Year Built
1930
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Carmen Y Billups · License #10401211215
(716) 238-1365
Source:
Highfallssir
Added: Aug 6
Changed: Oct 17
Last Checked: Oct 16 at 4:53PM
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 Howard Hanna WNY Inc.
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex includes two apartments with spacious living rooms, formal dining areas, and renovated kitchens and bathrooms. Utility service is separately metered for each unit, supporting distinct household operations. The upper apartment includes a front porch, while the full basement provides individual storage areas and separate laundry hookups. Glass block windows bring natural light into the basement and provide added privacy. A fenced private yard serves both units. The property also has established long-term tenants and is offered in its existing condition.
Key Highlights
- Two‑apartment duplex built in 1930
- Separate utilities for each apartment
- Updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,820
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,400
$436.4K
Cap Rate 7%
$311,714
$311.7K
Cap Rate 9%
$242,444
$242.4K
Market Conditions
NOI Build-Up for 2,199 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$31.2K $14.17/SF
− OpEx
−$9.4K −$4.25/SF
NOI
$21.8K $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%
$436,400
Cap Rate 7%
$311,714
Cap Rate 9%
$242,444
Alternative Uses
Best Use
Multifamily LT 5
$311.7K
$272.8K – $363.7K
NOI $21,820 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$287.1K
$251.2K – $335.0K
NOI $20,097 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$528.8K
$462.7K – $617.0K
NOI $37,017 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature separate utilities, formal dining areas, and basement storage with dedicated laundry hookups.
Where is this duplex located?
The property is located at 341 Davidson Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $239,341.
What are key features of this property?
This property features: Two‑apartment duplex built in 1930; Separate utilities for each apartment; Updated kitchens and bathrooms in both units
