Two-Unit Duplex with
For Sale
$205,000
35 Bellwood Ave, Buffalo, NY 14224
Separate two-bedroom layouts include basement laundry hookups, replacement windows, and a partially fenced backyard.
Property Size2,017 SF
Price / SF$101.64
Days on Market62
Property Features for 35 Bellwood Ave
General Information
Standard status
Active
Size
2,017 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
laundry hookups
partially fenced backyard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Michael P Kearns · License #10301215173
(716) 348-2058
Source:
Skinnercnyrealty
Added: Aug 16
Changed: Oct 3
Last Checked: Oct 7 at 4:56PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with 2 bedrooms and 1 full bath. Replacement windows are installed throughout, while the full basement provides laundry hookups and additional utility space. A detached 2-car garage supplies covered parking and storage, and the partially fenced backyard adds outdoor space.
Built in 1920, the property is located at 35 Bellwood Ave in Buffalo, NY 14224, near shopping, restaurants, parks, and major roadways. The two-unit configuration supports an owner-occupant arrangement or rental use, with separate living areas and practical ancillary features already in place.
Built in 1920, the property is located at 35 Bellwood Ave in Buffalo, NY 14224, near shopping, restaurants, parks, and major roadways. The two-unit configuration supports an owner-occupant arrangement or rental use, with separate living areas and practical ancillary features already in place.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- Detached 2‑car garage for parking and storage
- Full basement with laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,434
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,680
$368.7K
Cap Rate 7%
$263,343
$263.3K
Cap Rate 9%
$204,822
$204.8K
Market Conditions
NOI Build-Up for 2,017 SF
Gross rent
$35.1K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$33.5K $16.62/SF
− OpEx
−$15.1K −$7.48/SF
NOI
$18.4K $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%
$368,680
Cap Rate 7%
$263,343
Cap Rate 9%
$204,822
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.2K – $333.6K
NOI $20,014 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$263.3K
$230.4K – $307.2K
NOI $18,434 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$485.0K
$424.4K – $565.9K
NOI $33,953 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
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Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
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 - Separate two-bedroom layouts include basement laundry hookups, replacement windows, and a partially fenced backyard.
Where is this duplex located?
The property is located at 35 Bellwood Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; Detached 2‑car garage for parking and storage; Full basement with laundry hookups
