Triplex with Open
For Sale
$535,000
346 Woodward Avenue, Buffalo, NY 14214
Residential, Buffalo, NY
Property Size2,694 SF
Lot Size0.09 Acres
Price / SF$198.59
Days on Market47
Property Features for 346 Woodward Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Basement, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 2
Interior features
Attic, Storage
Exterior features
Balcony
Appliances
GasWaterHeater
Subdivision
Park Gardens Sub 1
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Standard status
Active
APN
140200-089-340-0001-008-000
Size
2,694 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5026
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
shared washer and dryer
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood, Varies, Carpet, Vinyl
Building materials
WoodSiding, CopperPlumbing
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
WNY Metro Roberts Realty
(716) 559-9972
Listed By:
Philippe Khoury · License #10301223270
(716) 906-1149
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 7:06PM
MLS# B1709920
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 2,694-square-foot, three-unit property was built in 1915 and sits on a 0.0875-acre lot. The first-floor apartment has two bedrooms, a formal dining room, a butler’s pantry, and French doors opening onto a porch. The second-floor unit follows a similar layout and is vacant. The third-floor apartment includes two bedrooms, a living area, and Palladian windows. Each residence has a stove and refrigerator; a washer and dryer are shared in the basement. Off-street parking is available.
Recent work includes a full tear-off roof, replacement of the main sewer line, and upgraded electrical service and panel, all completed in 2025. Flooring and interior paint work took place in 2024–2025, with interior, exterior, and window painting reported for July 2026. The property is in Buffalo, near Delaware Park, the Buffalo Zoo, and the Darwin Martin House.
Recent work includes a full tear-off roof, replacement of the main sewer line, and upgraded electrical service and panel, all completed in 2025. Flooring and interior paint work took place in 2024–2025, with interior, exterior, and window painting reported for July 2026. The property is in Buffalo, near Delaware Park, the Buffalo Zoo, and the Darwin Martin House.
Key Highlights
- Three apartments totaling 2,694 square feet on a 0.0875‑acre lot
- Built in 1915
- First‑floor unit has two bedrooms, formal dining room, pantry, and porch access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,731
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,620
$534.6K
Cap Rate 7%
$381,871
$381.9K
Cap Rate 9%
$297,011
$297.0K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$40.4K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$38.2K $14.17/SF
− OpEx
−$11.5K −$4.25/SF
NOI
$26.7K $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%
$534,620
Cap Rate 7%
$381,871
Cap Rate 9%
$297,011
Alternative Uses
Best Use
Multifamily LT 5
$381.9K
$334.1K – $445.5K
NOI $26,731 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$351.7K
$307.8K – $410.4K
NOI $24,621 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$647.9K
$566.9K – $755.8K
NOI $45,350 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments include a vacant second-floor residence, shared basement laundry, and off-street parking.
Where is this triplex located?
The property is located at 346 Woodward Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three apartments totaling 2,694 square feet on a 0.0875‑acre lot; Built in 1915; First‑floor unit has two bedrooms, formal dining room, pantry, and porch access
