Two-Unit Duplex with Unfinished
For Sale
$369,900
Pending
344 Bedford Avenue, Buffalo, NY 14216
Each residence has three bedrooms, formal dining space, and a separate laundry area.
Property Size3,051 SF
Days on Market15
Property Features for 344 Bedford Avenue
General Information
Standard status
Pending
Size
3,051 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,412
Amenities
fenced yard
detached garage
central air
separate laundry
Building Details
Building Size
3,051 SF
Year Built
1914
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Cristin Bishop · License #10301220406
(716) 913-7199
Source:
Highfallssir
Added: Sep 22
Changed: Oct 2
Last Checked: Oct 5 at 10:36PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1914, this two-unit duplex has a three-bedroom layout in each residence, with living rooms and formal dining rooms. An unfinished walk-up attic and full basement provide additional storage, while each unit has its own laundry area. The property also includes newer furnaces, central air, and a detached garage.
The house roof was replaced in 2019; the garage, built in 1991, received a new roof in 2015. Outside, the site features a fully fenced yard and concrete driveway. Delaware Park is within walking distance, with shopping, dining, and entertainment nearby and access to the 198.
The house roof was replaced in 2019; the garage, built in 1991, received a new roof in 2015. Outside, the site features a fully fenced yard and concrete driveway. Delaware Park is within walking distance, with shopping, dining, and entertainment nearby and access to the 198.
Key Highlights
- Two residences, each with 3 bedrooms, a living room, and a formal dining room
- Built in 1914
- Unfinished walk‑up attic and full basement; separate laundry areas for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,274
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,480
$605.5K
Cap Rate 7%
$432,486
$432.5K
Cap Rate 9%
$336,378
$336.4K
Market Conditions
NOI Build-Up for 3,051 SF
Gross rent
$45.8K $15.00/SF
− Vacancy
−$2.5K −$0.83/SF
EGI
$43.2K $14.17/SF
− OpEx
−$13.0K −$4.25/SF
NOI
$30.3K $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%
$605,480
Cap Rate 7%
$432,486
Cap Rate 9%
$336,378
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.4K – $504.6K
NOI $30,274 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$398.3K
$348.6K – $464.7K
NOI $27,884 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$733.7K
$642.0K – $856.0K
NOI $51,359 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, formal dining space, and a separate laundry area.
Where is this duplex located?
The property is located at 344 Bedford Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, a living room, and a formal dining room; Built in 1914; Unfinished walk‑up attic and full basement; separate laundry areas for each unit
